Correlation Between Ihlas Yayin and Mackolik Internet
Can any of the company-specific risk be diversified away by investing in both Ihlas Yayin 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 Ihlas Yayin and Mackolik Internet into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Ihlas Yayin Holding and Mackolik Internet Hizmetleri, you can compare the effects of market volatilities on Ihlas Yayin 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 Ihlas Yayin with a short position of Mackolik Internet. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ihlas Yayin and Mackolik Internet.
Diversification Opportunities for Ihlas Yayin and Mackolik Internet
0.49 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Ihlas and Mackolik is 0.49. Overlapping area represents the amount of risk that can be diversified away by holding Ihlas Yayin 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 Ihlas Yayin 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 Ihlas Yayin 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 Ihlas Yayin i.e., Ihlas Yayin and Mackolik Internet go up and down completely randomly.
Pair Corralation between Ihlas Yayin and Mackolik Internet
Assuming the 90 days trading horizon Ihlas Yayin Holding is expected to generate 1.22 times more return on investment than Mackolik Internet. However, Ihlas Yayin is 1.22 times more volatile than Mackolik Internet Hizmetleri. It trades about 0.08 of its potential returns per unit of risk. Mackolik Internet Hizmetleri is currently generating about 0.08 per unit of risk. If you would invest 110.00 in Ihlas Yayin Holding on September 19, 2024 and sell it today you would earn a total of 265.00 from holding Ihlas Yayin Holding or generate 240.91% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 95.16% |
| Values | Daily Returns |
Ihlas Yayin Holding vs. Mackolik Internet Hizmetleri
Performance |
| Timeline |
| Ihlas Yayin Holding |
| Mackolik Internet |
Ihlas Yayin and Mackolik Internet Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ihlas Yayin and Mackolik Internet
The main advantage of trading using opposite Ihlas Yayin and Mackolik Internet positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ihlas Yayin 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.| Ihlas Yayin vs. Mackolik Internet Hizmetleri | Ihlas Yayin vs. Koza Anadolu Metal | Ihlas Yayin vs. Bms Birlesik Metal | Ihlas Yayin vs. Datagate Bilgisayar Malzemeleri |
| Mackolik Internet vs. Pamel Yenilenebilir Elektrik | Mackolik Internet vs. Dogus Gayrimenkul Yatirim | Mackolik Internet vs. IZDEMIR Enerji Elektrik | Mackolik Internet vs. Logo Yazilim 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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