Correlation Between GSD Holding and Guler Yatirim
Can any of the company-specific risk be diversified away by investing in both GSD Holding and Guler 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 GSD Holding and Guler Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between GSD Holding AS and Guler Yatirim Holding, you can compare the effects of market volatilities on GSD Holding and Guler 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 GSD Holding with a short position of Guler Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of GSD Holding and Guler Yatirim.
Diversification Opportunities for GSD Holding and Guler Yatirim
0.66 | Correlation Coefficient |
Poor diversification
The 3 months correlation between GSD and Guler is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding GSD Holding AS and Guler Yatirim Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Guler Yatirim Holding and GSD Holding 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 GSD Holding AS are associated (or correlated) with Guler Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Guler Yatirim Holding has no effect on the direction of GSD Holding i.e., GSD Holding and Guler Yatirim go up and down completely randomly.
Pair Corralation between GSD Holding and Guler Yatirim
If you would invest 0.00 in GSD Holding AS on October 20, 2024 and sell it today you would earn a total of 0.00 from holding GSD Holding AS or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 4.55% |
| Values | Daily Returns |
GSD Holding AS vs. Guler Yatirim Holding
Performance |
| Timeline |
| GSD Holding AS |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
OK
| Guler Yatirim Holding |
GSD Holding and Guler Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GSD Holding and Guler Yatirim
The main advantage of trading using opposite GSD Holding and Guler Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GSD Holding position performs unexpectedly, Guler 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 Guler Yatirim will offset losses from the drop in Guler Yatirim's long position.| GSD Holding vs. Galatasaray Sportif Sinai | GSD Holding vs. MEGA METAL | GSD Holding vs. Datagate Bilgisayar Malzemeleri | GSD Holding vs. Creditwest Faktoring AS |
| Guler Yatirim vs. Tofas Turk Otomobil | Guler Yatirim vs. Eregli Demir ve | Guler Yatirim vs. Turkiye Sise ve | Guler Yatirim vs. Aksa Akrilik Kimya |
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.
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