Correlation Between Koza Altin and Trend Gayrimenkul
Can any of the company-specific risk be diversified away by investing in both Koza Altin and Trend Gayrimenkul 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 Koza Altin and Trend Gayrimenkul into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Koza Altin Isletmeleri and Trend Gayrimenkul Yatirim, you can compare the effects of market volatilities on Koza Altin and Trend Gayrimenkul 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 Koza Altin with a short position of Trend Gayrimenkul. Check out your portfolio center. Please also check ongoing floating volatility patterns of Koza Altin and Trend Gayrimenkul.
Diversification Opportunities for Koza Altin and Trend Gayrimenkul
-0.78 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Koza and Trend is -0.78. Overlapping area represents the amount of risk that can be diversified away by holding Koza Altin Isletmeleri and Trend Gayrimenkul Yatirim in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Trend Gayrimenkul Yatirim and Koza Altin 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 Koza Altin Isletmeleri are associated (or correlated) with Trend Gayrimenkul. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Trend Gayrimenkul Yatirim has no effect on the direction of Koza Altin i.e., Koza Altin and Trend Gayrimenkul go up and down completely randomly.
Pair Corralation between Koza Altin and Trend Gayrimenkul
Assuming the 90 days trading horizon Koza Altin Isletmeleri is expected to generate 1.01 times more return on investment than Trend Gayrimenkul. However, Koza Altin is 1.01 times more volatile than Trend Gayrimenkul Yatirim. It trades about 0.19 of its potential returns per unit of risk. Trend Gayrimenkul Yatirim is currently generating about -0.09 per unit of risk. If you would invest 2,012 in Koza Altin Isletmeleri on September 1, 2024 and sell it today you would earn a total of 260.00 from holding Koza Altin Isletmeleri or generate 12.92% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Koza Altin Isletmeleri vs. Trend Gayrimenkul Yatirim
Performance |
| Timeline |
| Koza Altin Isletmeleri |
| Trend Gayrimenkul Yatirim |
Koza Altin and Trend Gayrimenkul Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Koza Altin and Trend Gayrimenkul
The main advantage of trading using opposite Koza Altin and Trend Gayrimenkul positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Koza Altin position performs unexpectedly, Trend Gayrimenkul 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 Trend Gayrimenkul will offset losses from the drop in Trend Gayrimenkul's long position.| Koza Altin vs. Trend Gayrimenkul Yatirim | Koza Altin vs. Trabzon Liman Isletmeciligi | Koza Altin vs. Halk Gayrimenkul Yatirim | Koza Altin vs. Inveo Yatirim Holding |
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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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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