Correlation Between E Data and Yapi Ve
Can any of the company-specific risk be diversified away by investing in both E Data and Yapi Ve 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 Yapi Ve 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 Yapi ve Kredi, you can compare the effects of market volatilities on E Data and Yapi Ve 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 Yapi Ve. Check out your portfolio center. Please also check ongoing floating volatility patterns of E Data and Yapi Ve.
Diversification Opportunities for E Data and Yapi Ve
Good diversification
The 3 months correlation between EDATA and Yapi is -0.03. Overlapping area represents the amount of risk that can be diversified away by holding E Data Teknoloji Pazarlama and Yapi ve Kredi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Yapi ve Kredi 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 Yapi Ve. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yapi ve Kredi has no effect on the direction of E Data i.e., E Data and Yapi Ve go up and down completely randomly.
Pair Corralation between E Data and Yapi Ve
Assuming the 90 days trading horizon E Data Teknoloji Pazarlama is expected to generate 1.29 times more return on investment than Yapi Ve. However, E Data is 1.29 times more volatile than Yapi ve Kredi. It trades about 0.05 of its potential returns per unit of risk. Yapi ve Kredi is currently generating about -0.1 per unit of risk. If you would invest 1,283 in E Data Teknoloji Pazarlama on November 4, 2024 and sell it today you would earn a total of 29.00 from holding E Data Teknoloji Pazarlama or generate 2.26% 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. Yapi ve Kredi
Performance |
| Timeline |
| E Data Teknoloji |
| Yapi ve Kredi |
E Data and Yapi Ve Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with E Data and Yapi Ve
The main advantage of trading using opposite E Data and Yapi Ve positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if E Data position performs unexpectedly, Yapi Ve 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 Yapi Ve will offset losses from the drop in Yapi Ve's long position.| E Data vs. KOC METALURJI | E Data vs. MEGA METAL | E Data vs. Politeknik Metal Sanayi | E Data vs. Sodas Sodyum Sanayi |
| Yapi Ve vs. Bms Birlesik Metal | Yapi Ve vs. Turkish Airlines | Yapi Ve vs. Akcansa Cimento Sanayi | Yapi Ve vs. Politeknik Metal 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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