Correlation Between Gozde Girisim and Is Yatirim
Can any of the company-specific risk be diversified away by investing in both Gozde Girisim and Is Yatirim 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 Gozde Girisim and Is Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Gozde Girisim Sermayesi and Is Yatirim Ortakligi, you can compare the effects of market volatilities on Gozde Girisim and Is Yatirim 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 Gozde Girisim with a short position of Is Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gozde Girisim and Is Yatirim.
Diversification Opportunities for Gozde Girisim and Is Yatirim
0.17 | Correlation Coefficient |
Average diversification
The 3 months correlation between Gozde and ISYAT is 0.17. Overlapping area represents the amount of risk that can be diversified away by holding Gozde Girisim Sermayesi and Is Yatirim Ortakligi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Is Yatirim Ortakligi and Gozde Girisim 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 Gozde Girisim Sermayesi are associated (or correlated) with Is Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Is Yatirim Ortakligi has no effect on the direction of Gozde Girisim i.e., Gozde Girisim and Is Yatirim go up and down completely randomly.
Pair Corralation between Gozde Girisim and Is Yatirim
Assuming the 90 days trading horizon Gozde Girisim Sermayesi is expected to generate 0.99 times more return on investment than Is Yatirim. However, Gozde Girisim Sermayesi is 1.01 times less risky than Is Yatirim. It trades about 0.16 of its potential returns per unit of risk. Is Yatirim Ortakligi is currently generating about -0.07 per unit of risk. If you would invest 2,548 in Gozde Girisim Sermayesi on September 13, 2024 and sell it today you would earn a total of 146.00 from holding Gozde Girisim Sermayesi or generate 5.73% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 95.65% |
| Values | Daily Returns |
Gozde Girisim Sermayesi vs. Is Yatirim Ortakligi
Performance |
| Timeline |
| Gozde Girisim Sermayesi |
| Is Yatirim Ortakligi |
Gozde Girisim and Is Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Gozde Girisim and Is Yatirim
The main advantage of trading using opposite Gozde Girisim and Is Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gozde Girisim position performs unexpectedly, Is Yatirim 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 Is Yatirim will offset losses from the drop in Is Yatirim's long position.| Gozde Girisim vs. Verusa Holding AS | Gozde Girisim vs. Hedef Holdings AS | Gozde Girisim vs. GSD Holding AS | Gozde Girisim vs. Guler Yatirim Holding |
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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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