Correlation Between Hedef Girisim and Is Yatirim
Can any of the company-specific risk be diversified away by investing in both Hedef 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 Hedef 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 Hedef Girisim Sermayesi and Is Yatirim Ortakligi, you can compare the effects of market volatilities on Hedef 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 Hedef Girisim with a short position of Is Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hedef Girisim and Is Yatirim.
Diversification Opportunities for Hedef Girisim and Is Yatirim
0.6 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Hedef and ISYAT is 0.6. Overlapping area represents the amount of risk that can be diversified away by holding Hedef 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 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 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 Hedef Girisim i.e., Hedef Girisim and Is Yatirim go up and down completely randomly.
Pair Corralation between Hedef Girisim and Is Yatirim
Assuming the 90 days trading horizon Hedef Girisim is expected to generate 12.69 times less return on investment than Is Yatirim. In addition to that, Hedef Girisim is 1.25 times more volatile than Is Yatirim Ortakligi. It trades about 0.0 of its total potential returns per unit of risk. Is Yatirim Ortakligi is currently generating about 0.05 per unit of volatility. If you would invest 517.00 in Is Yatirim Ortakligi on September 13, 2024 and sell it today you would earn a total of 336.00 from holding Is Yatirim Ortakligi or generate 64.99% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Hedef Girisim Sermayesi vs. Is Yatirim Ortakligi
Performance |
| Timeline |
| Hedef Girisim Sermayesi |
| Is Yatirim Ortakligi |
Hedef Girisim and Is Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hedef Girisim and Is Yatirim
The main advantage of trading using opposite Hedef Girisim and Is Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hedef 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.| Hedef Girisim vs. Pamel Yenilenebilir Elektrik | Hedef Girisim vs. Bosch Fren Sistemleri | Hedef Girisim vs. Marka Yatirim Holding | Hedef Girisim vs. Dogus Gayrimenkul Yatirim |
| Is Yatirim vs. Bms Birlesik Metal | Is Yatirim vs. Gentas Genel Metal | Is Yatirim vs. Akcansa Cimento Sanayi | Is Yatirim vs. Trabzonspor Sportif Yatirim |
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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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