Correlation Between Hedef Girisim and Guler Yatirim
Can any of the company-specific risk be diversified away by investing in both Hedef Girisim 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 Hedef Girisim and Guler Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Hedef Girisim Sermayesi and Guler Yatirim Holding, you can compare the effects of market volatilities on Hedef Girisim 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 Hedef Girisim with a short position of Guler Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hedef Girisim and Guler Yatirim.
Diversification Opportunities for Hedef Girisim and Guler Yatirim
0.71 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Hedef and Guler is 0.71. Overlapping area represents the amount of risk that can be diversified away by holding Hedef Girisim Sermayesi 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 Hedef 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 Hedef Girisim Sermayesi 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 Hedef Girisim i.e., Hedef Girisim and Guler Yatirim go up and down completely randomly.
Pair Corralation between Hedef Girisim and Guler Yatirim
Assuming the 90 days trading horizon Hedef Girisim Sermayesi is expected to generate 1.6 times more return on investment than Guler Yatirim. However, Hedef Girisim is 1.6 times more volatile than Guler Yatirim Holding. It trades about 0.26 of its potential returns per unit of risk. Guler Yatirim Holding is currently generating about 0.2 per unit of risk. If you would invest 140.00 in Hedef Girisim Sermayesi on September 13, 2024 and sell it today you would earn a total of 21.00 from holding Hedef Girisim Sermayesi or generate 15.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 95.65% |
| Values | Daily Returns |
Hedef Girisim Sermayesi vs. Guler Yatirim Holding
Performance |
| Timeline |
| Hedef Girisim Sermayesi |
| Guler Yatirim Holding |
Hedef Girisim and Guler Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hedef Girisim and Guler Yatirim
The main advantage of trading using opposite Hedef Girisim and Guler Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hedef Girisim 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.| Hedef Girisim vs. Pamel Yenilenebilir Elektrik | Hedef Girisim vs. Bosch Fren Sistemleri | Hedef Girisim vs. Marka Yatirim Holding | Hedef Girisim vs. Dogus Gayrimenkul Yatirim |
| Guler Yatirim vs. Borlease Otomotiv AS | Guler Yatirim vs. Akbank TAS | Guler Yatirim vs. Bms Birlesik Metal | Guler Yatirim vs. Gentas Genel Metal |
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Complementary Tools
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |