Correlation Between Marka Yatirim and Atlas Menkul
Can any of the company-specific risk be diversified away by investing in both Marka Yatirim and Atlas Menkul 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 Atlas Menkul 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 Atlas Menkul Kiymetler, you can compare the effects of market volatilities on Marka Yatirim and Atlas Menkul 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 Atlas Menkul. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marka Yatirim and Atlas Menkul.
Diversification Opportunities for Marka Yatirim and Atlas Menkul
0.35 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Marka and Atlas is 0.35. Overlapping area represents the amount of risk that can be diversified away by holding Marka Yatirim Holding and Atlas Menkul Kiymetler in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Atlas Menkul Kiymetler 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 Atlas Menkul. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Atlas Menkul Kiymetler has no effect on the direction of Marka Yatirim i.e., Marka Yatirim and Atlas Menkul go up and down completely randomly.
Pair Corralation between Marka Yatirim and Atlas Menkul
Assuming the 90 days trading horizon Marka Yatirim Holding is expected to generate 1.52 times more return on investment than Atlas Menkul. However, Marka Yatirim is 1.52 times more volatile than Atlas Menkul Kiymetler. It trades about 0.07 of its potential returns per unit of risk. Atlas Menkul Kiymetler is currently generating about 0.07 per unit of risk. If you would invest 3,400 in Marka Yatirim Holding on September 14, 2024 and sell it today you would earn a total of 2,270 from holding Marka Yatirim Holding or generate 66.76% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 99.6% |
| Values | Daily Returns |
Marka Yatirim Holding vs. Atlas Menkul Kiymetler
Performance |
| Timeline |
| Marka Yatirim Holding |
| Atlas Menkul Kiymetler |
Marka Yatirim and Atlas Menkul Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marka Yatirim and Atlas Menkul
The main advantage of trading using opposite Marka Yatirim and Atlas Menkul positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marka Yatirim position performs unexpectedly, Atlas Menkul 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 Atlas Menkul will offset losses from the drop in Atlas Menkul'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 |
| Atlas Menkul vs. Akbank TAS | Atlas Menkul vs. CEO Event Medya | Atlas Menkul vs. Gentas Genel Metal | Atlas Menkul vs. Turkiye Kalkinma Bankasi |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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