Correlation Between Marka Yatirim and Anadolu Hayat
Can any of the company-specific risk be diversified away by investing in both Marka Yatirim and Anadolu Hayat 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 Marka Yatirim and Anadolu Hayat into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Marka Yatirim Holding and Anadolu Hayat Emeklilik, you can compare the effects of market volatilities on Marka Yatirim and Anadolu Hayat 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 Marka Yatirim with a short position of Anadolu Hayat. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marka Yatirim and Anadolu Hayat.
Diversification Opportunities for Marka Yatirim and Anadolu Hayat
-0.74 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Marka and Anadolu is -0.74. Overlapping area represents the amount of risk that can be diversified away by holding Marka Yatirim Holding and Anadolu Hayat Emeklilik in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Anadolu Hayat Emeklilik and Marka 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 Marka Yatirim Holding are associated (or correlated) with Anadolu Hayat. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Anadolu Hayat Emeklilik has no effect on the direction of Marka Yatirim i.e., Marka Yatirim and Anadolu Hayat go up and down completely randomly.
Pair Corralation between Marka Yatirim and Anadolu Hayat
Assuming the 90 days trading horizon Marka Yatirim Holding is expected to under-perform the Anadolu Hayat. In addition to that, Marka Yatirim is 1.39 times more volatile than Anadolu Hayat Emeklilik. It trades about -0.14 of its total potential returns per unit of risk. Anadolu Hayat Emeklilik is currently generating about 0.4 per unit of volatility. If you would invest 8,640 in Anadolu Hayat Emeklilik on September 14, 2024 and sell it today you would earn a total of 1,810 from holding Anadolu Hayat Emeklilik or generate 20.95% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Marka Yatirim Holding vs. Anadolu Hayat Emeklilik
Performance |
| Timeline |
| Marka Yatirim Holding |
| Anadolu Hayat Emeklilik |
Marka Yatirim and Anadolu Hayat Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marka Yatirim and Anadolu Hayat
The main advantage of trading using opposite Marka Yatirim and Anadolu Hayat positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marka Yatirim position performs unexpectedly, Anadolu Hayat 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 Anadolu Hayat will offset losses from the drop in Anadolu Hayat's long position.| Marka Yatirim vs. Bms Birlesik Metal | Marka Yatirim vs. Turkiye Kalkinma Bankasi | Marka Yatirim vs. Akcansa Cimento Sanayi | Marka Yatirim vs. MEGA METAL |
| Anadolu Hayat vs. Aksa Akrilik Kimya | Anadolu Hayat vs. Tofas Turk Otomobil | Anadolu Hayat vs. AK Sigorta AS | Anadolu Hayat vs. Is Yatirim Menkul |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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