Correlation Between Marka Yatirim and E Data
Can any of the company-specific risk be diversified away by investing in both Marka Yatirim and E Data 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 E Data 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 E Data Teknoloji Pazarlama, you can compare the effects of market volatilities on Marka Yatirim and E Data 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 E Data. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marka Yatirim and E Data.
Diversification Opportunities for Marka Yatirim and E Data
0.13 | Correlation Coefficient |
Average diversification
The 3 months correlation between Marka and EDATA is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding Marka Yatirim Holding and E Data Teknoloji Pazarlama in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on E Data Teknoloji 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 E Data. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of E Data Teknoloji has no effect on the direction of Marka Yatirim i.e., Marka Yatirim and E Data go up and down completely randomly.
Pair Corralation between Marka Yatirim and E Data
Assuming the 90 days trading horizon Marka Yatirim Holding is expected to generate 1.39 times more return on investment than E Data. However, Marka Yatirim is 1.39 times more volatile than E Data Teknoloji Pazarlama. It trades about 0.12 of its potential returns per unit of risk. E Data Teknoloji Pazarlama is currently generating about 0.05 per unit of risk. If you would invest 5,270 in Marka Yatirim Holding on November 4, 2024 and sell it today you would earn a total of 450.00 from holding Marka Yatirim Holding or generate 8.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Marka Yatirim Holding vs. E Data Teknoloji Pazarlama
Performance |
| Timeline |
| Marka Yatirim Holding |
| E Data Teknoloji |
Marka Yatirim and E Data Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marka Yatirim and E Data
The main advantage of trading using opposite Marka Yatirim and E Data positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marka Yatirim position performs unexpectedly, E Data 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 E Data will offset losses from the drop in E Data's long position.| Marka Yatirim vs. CEO Event Medya | Marka Yatirim vs. Bms Birlesik Metal | Marka Yatirim vs. Cuhadaroglu Metal Sanayi | Marka Yatirim vs. Gentas Genel Metal |
| E Data vs. KOC METALURJI | E Data vs. MEGA METAL | E Data vs. Politeknik Metal Sanayi | E Data vs. Sodas Sodyum 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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