Correlation Between Guler Yatirim and Mackolik Internet
Can any of the company-specific risk be diversified away by investing in both Guler Yatirim and Mackolik Internet 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 Guler Yatirim and Mackolik Internet into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Guler Yatirim Holding and Mackolik Internet Hizmetleri, you can compare the effects of market volatilities on Guler Yatirim and Mackolik Internet 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 Guler Yatirim with a short position of Mackolik Internet. Check out your portfolio center. Please also check ongoing floating volatility patterns of Guler Yatirim and Mackolik Internet.
Diversification Opportunities for Guler Yatirim and Mackolik Internet
0.14 | Correlation Coefficient |
Average diversification
The 3 months correlation between Guler and Mackolik is 0.14. Overlapping area represents the amount of risk that can be diversified away by holding Guler Yatirim Holding and Mackolik Internet Hizmetleri in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mackolik Internet and Guler Yatirim 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 Guler Yatirim Holding are associated (or correlated) with Mackolik Internet. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mackolik Internet has no effect on the direction of Guler Yatirim i.e., Guler Yatirim and Mackolik Internet go up and down completely randomly.
Pair Corralation between Guler Yatirim and Mackolik Internet
Assuming the 90 days trading horizon Guler Yatirim is expected to generate 6.04 times less return on investment than Mackolik Internet. But when comparing it to its historical volatility, Guler Yatirim Holding is 1.67 times less risky than Mackolik Internet. It trades about 0.22 of its potential returns per unit of risk. Mackolik Internet Hizmetleri is currently generating about 0.8 of returns per unit of risk over similar time horizon. If you would invest 7,430 in Mackolik Internet Hizmetleri on September 5, 2024 and sell it today you would earn a total of 3,270 from holding Mackolik Internet Hizmetleri or generate 44.01% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Guler Yatirim Holding vs. Mackolik Internet Hizmetleri
Performance |
| Timeline |
| Guler Yatirim Holding |
| Mackolik Internet |
Guler Yatirim and Mackolik Internet Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Guler Yatirim and Mackolik Internet
The main advantage of trading using opposite Guler Yatirim and Mackolik Internet positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Guler Yatirim position performs unexpectedly, Mackolik Internet 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 Mackolik Internet will offset losses from the drop in Mackolik Internet's long position.| Guler Yatirim vs. Sekerbank TAS | Guler Yatirim vs. Datagate Bilgisayar Malzemeleri | Guler Yatirim vs. E Data Teknoloji Pazarlama | Guler Yatirim vs. Cuhadaroglu Metal Sanayi |
| Mackolik Internet vs. Creditwest Faktoring AS | Mackolik Internet vs. Galatasaray Sportif Sinai | Mackolik Internet vs. Akbank TAS | Mackolik Internet 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Other Complementary Tools
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |