Correlation Between Dogus Gayrimenkul and Verusaturk Girisim
Can any of the company-specific risk be diversified away by investing in both Dogus Gayrimenkul and Verusaturk Girisim 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 Dogus Gayrimenkul and Verusaturk Girisim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Dogus Gayrimenkul Yatirim and Verusaturk Girisim Sermayesi, you can compare the effects of market volatilities on Dogus Gayrimenkul and Verusaturk Girisim 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 Dogus Gayrimenkul with a short position of Verusaturk Girisim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dogus Gayrimenkul and Verusaturk Girisim.
Diversification Opportunities for Dogus Gayrimenkul and Verusaturk Girisim
-0.41 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Dogus and Verusaturk is -0.41. Overlapping area represents the amount of risk that can be diversified away by holding Dogus Gayrimenkul Yatirim and Verusaturk Girisim Sermayesi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Verusaturk Girisim and Dogus Gayrimenkul 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 Dogus Gayrimenkul Yatirim are associated (or correlated) with Verusaturk Girisim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Verusaturk Girisim has no effect on the direction of Dogus Gayrimenkul i.e., Dogus Gayrimenkul and Verusaturk Girisim go up and down completely randomly.
Pair Corralation between Dogus Gayrimenkul and Verusaturk Girisim
Assuming the 90 days trading horizon Dogus Gayrimenkul Yatirim is expected to generate 1.0 times more return on investment than Verusaturk Girisim. However, Dogus Gayrimenkul is 1.0 times more volatile than Verusaturk Girisim Sermayesi. It trades about 0.05 of its potential returns per unit of risk. Verusaturk Girisim Sermayesi is currently generating about 0.0 per unit of risk. If you would invest 3,186 in Dogus Gayrimenkul Yatirim on September 15, 2024 and sell it today you would earn a total of 1,134 from holding Dogus Gayrimenkul Yatirim or generate 35.59% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Dogus Gayrimenkul Yatirim vs. Verusaturk Girisim Sermayesi
Performance |
| Timeline |
| Dogus Gayrimenkul Yatirim |
| Verusaturk Girisim |
Dogus Gayrimenkul and Verusaturk Girisim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Dogus Gayrimenkul and Verusaturk Girisim
The main advantage of trading using opposite Dogus Gayrimenkul and Verusaturk Girisim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Dogus Gayrimenkul position performs unexpectedly, Verusaturk Girisim 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 Verusaturk Girisim will offset losses from the drop in Verusaturk Girisim's long position.| Dogus Gayrimenkul vs. Bms Birlesik Metal | Dogus Gayrimenkul vs. Cuhadaroglu Metal Sanayi | Dogus Gayrimenkul vs. Politeknik Metal Sanayi | Dogus Gayrimenkul vs. Borlease Otomotiv AS |
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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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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