Correlation Between E Data and Katmerciler Arac
Can any of the company-specific risk be diversified away by investing in both E Data and Katmerciler Arac 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 E Data and Katmerciler Arac into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between E Data Teknoloji Pazarlama and Katmerciler Arac Ustu, you can compare the effects of market volatilities on E Data and Katmerciler Arac 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 E Data with a short position of Katmerciler Arac. Check out your portfolio center. Please also check ongoing floating volatility patterns of E Data and Katmerciler Arac.
Diversification Opportunities for E Data and Katmerciler Arac
-0.01 | Correlation Coefficient |
Good diversification
The 3 months correlation between EDATA and Katmerciler is -0.01. Overlapping area represents the amount of risk that can be diversified away by holding E Data Teknoloji Pazarlama and Katmerciler Arac Ustu in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Katmerciler Arac Ustu and E Data 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 E Data Teknoloji Pazarlama are associated (or correlated) with Katmerciler Arac. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Katmerciler Arac Ustu has no effect on the direction of E Data i.e., E Data and Katmerciler Arac go up and down completely randomly.
Pair Corralation between E Data and Katmerciler Arac
Assuming the 90 days trading horizon E Data Teknoloji Pazarlama is expected to generate 1.32 times more return on investment than Katmerciler Arac. However, E Data is 1.32 times more volatile than Katmerciler Arac Ustu. It trades about 0.18 of its potential returns per unit of risk. Katmerciler Arac Ustu is currently generating about -0.18 per unit of risk. If you would invest 1,300 in E Data Teknoloji Pazarlama on October 25, 2024 and sell it today you would earn a total of 104.00 from holding E Data Teknoloji Pazarlama or generate 8.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
E Data Teknoloji Pazarlama vs. Katmerciler Arac Ustu
Performance |
| Timeline |
| E Data Teknoloji |
| Katmerciler Arac Ustu |
E Data and Katmerciler Arac Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with E Data and Katmerciler Arac
The main advantage of trading using opposite E Data and Katmerciler Arac positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if E Data position performs unexpectedly, Katmerciler Arac 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 Katmerciler Arac will offset losses from the drop in Katmerciler Arac's long position.| E Data vs. MEGA METAL | E Data vs. Politeknik Metal Sanayi | E Data vs. CEO Event Medya | E Data vs. Akbank TAS |
| Katmerciler Arac vs. CEO Event Medya | Katmerciler Arac vs. Politeknik Metal Sanayi | Katmerciler Arac vs. Cuhadaroglu Metal Sanayi | Katmerciler Arac vs. Sekerbank TAS |
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.
Other Complementary Tools
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |