Correlation Between Creditwest Faktoring and Seker Finansal
Can any of the company-specific risk be diversified away by investing in both Creditwest Faktoring and Seker Finansal at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Creditwest Faktoring and Seker Finansal into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Creditwest Faktoring AS and Seker Finansal Kiralama, you can compare the effects of market volatilities on Creditwest Faktoring and Seker Finansal and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Creditwest Faktoring with a short position of Seker Finansal. Check out your portfolio center. Please also check ongoing floating volatility patterns of Creditwest Faktoring and Seker Finansal.
Diversification Opportunities for Creditwest Faktoring and Seker Finansal
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Creditwest and Seker is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Creditwest Faktoring AS and Seker Finansal Kiralama in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Seker Finansal Kiralama and Creditwest Faktoring is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Creditwest Faktoring AS are associated (or correlated) with Seker Finansal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seker Finansal Kiralama has no effect on the direction of Creditwest Faktoring i.e., Creditwest Faktoring and Seker Finansal go up and down completely randomly.
Pair Corralation between Creditwest Faktoring and Seker Finansal
If you would invest 580.00 in Creditwest Faktoring AS on August 29, 2024 and sell it today you would earn a total of 241.00 from holding Creditwest Faktoring AS or generate 41.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Creditwest Faktoring AS vs. Seker Finansal Kiralama
Performance |
| Timeline |
| Creditwest Faktoring |
| Seker Finansal Kiralama |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Creditwest Faktoring and Seker Finansal Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Creditwest Faktoring and Seker Finansal
The main advantage of trading using opposite Creditwest Faktoring and Seker Finansal positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Creditwest Faktoring position performs unexpectedly, Seker Finansal can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Seker Finansal will offset losses from the drop in Seker Finansal's long position.| Creditwest Faktoring vs. MEGA METAL | Creditwest Faktoring vs. Cuhadaroglu Metal Sanayi | Creditwest Faktoring vs. Akbank TAS | Creditwest Faktoring vs. Gentas Genel Metal |
| Seker Finansal vs. Borlease Otomotiv AS | Seker Finansal vs. Galatasaray Sportif Sinai | Seker Finansal vs. MEGA METAL | Seker Finansal vs. Akcansa Cimento Sanayi |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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