Correlation Between Is Yatirim and Yesil Yatirim
Can any of the company-specific risk be diversified away by investing in both Is Yatirim and Yesil 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 Is Yatirim and Yesil Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Is Yatirim Ortakligi and Yesil Yatirim Holding, you can compare the effects of market volatilities on Is Yatirim and Yesil 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 Is Yatirim with a short position of Yesil Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Is Yatirim and Yesil Yatirim.
Diversification Opportunities for Is Yatirim and Yesil Yatirim
0.87 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between ISYAT and Yesil is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Is Yatirim Ortakligi and Yesil Yatirim Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Yesil Yatirim Holding and Is Yatirim 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 Is Yatirim Ortakligi are associated (or correlated) with Yesil Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yesil Yatirim Holding has no effect on the direction of Is Yatirim i.e., Is Yatirim and Yesil Yatirim go up and down completely randomly.
Pair Corralation between Is Yatirim and Yesil Yatirim
Assuming the 90 days trading horizon Is Yatirim Ortakligi is expected to generate 0.31 times more return on investment than Yesil Yatirim. However, Is Yatirim Ortakligi is 3.26 times less risky than Yesil Yatirim. It trades about -0.01 of its potential returns per unit of risk. Yesil Yatirim Holding is currently generating about -0.18 per unit of risk. If you would invest 798.00 in Is Yatirim Ortakligi on December 2, 2024 and sell it today you would lose (5.00) from holding Is Yatirim Ortakligi or give up 0.63% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Is Yatirim Ortakligi vs. Yesil Yatirim Holding
Performance |
| Timeline |
| Is Yatirim Ortakligi |
| Yesil Yatirim Holding |
Is Yatirim and Yesil Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Is Yatirim and Yesil Yatirim
The main advantage of trading using opposite Is Yatirim and Yesil Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Is Yatirim position performs unexpectedly, Yesil 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 Yesil Yatirim will offset losses from the drop in Yesil Yatirim's long position.| Is Yatirim vs. MEGA METAL | Is Yatirim vs. Koza Anadolu Metal | Is Yatirim vs. Cuhadaroglu Metal Sanayi | Is Yatirim vs. Politeknik Metal Sanayi |
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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