Correlation Between Marka Yatirim and Hedef Girisim
Can any of the company-specific risk be diversified away by investing in both Marka Yatirim and Hedef Girisim 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 Hedef Girisim 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 Hedef Girisim Sermayesi, you can compare the effects of market volatilities on Marka Yatirim and Hedef Girisim 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 Hedef Girisim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marka Yatirim and Hedef Girisim.
Diversification Opportunities for Marka Yatirim and Hedef Girisim
-0.82 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Marka and Hedef is -0.82. Overlapping area represents the amount of risk that can be diversified away by holding Marka Yatirim Holding and Hedef Girisim Sermayesi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hedef Girisim Sermayesi 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 Hedef Girisim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hedef Girisim Sermayesi has no effect on the direction of Marka Yatirim i.e., Marka Yatirim and Hedef Girisim go up and down completely randomly.
Pair Corralation between Marka Yatirim and Hedef Girisim
Assuming the 90 days trading horizon Marka Yatirim Holding is expected to under-perform the Hedef Girisim. But the stock apears to be less risky and, when comparing its historical volatility, Marka Yatirim Holding is 2.4 times less risky than Hedef Girisim. The stock trades about -0.49 of its potential returns per unit of risk. The Hedef Girisim Sermayesi is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 154.00 in Hedef Girisim Sermayesi on October 21, 2024 and sell it today you would earn a total of 25.00 from holding Hedef Girisim Sermayesi or generate 16.23% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Marka Yatirim Holding vs. Hedef Girisim Sermayesi
Performance |
| Timeline |
| Marka Yatirim Holding |
| Hedef Girisim Sermayesi |
Marka Yatirim and Hedef Girisim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marka Yatirim and Hedef Girisim
The main advantage of trading using opposite Marka Yatirim and Hedef Girisim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marka Yatirim position performs unexpectedly, Hedef Girisim 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 Hedef Girisim will offset losses from the drop in Hedef Girisim's long position.| Marka Yatirim vs. KOC METALURJI | Marka Yatirim vs. Politeknik Metal Sanayi | Marka Yatirim vs. Bms Birlesik Metal | Marka Yatirim vs. Akcansa Cimento Sanayi |
| Hedef Girisim vs. Tofas Turk Otomobil | Hedef Girisim vs. Eregli Demir ve | Hedef Girisim vs. Turkiye Sise ve | Hedef Girisim vs. Aksa Akrilik Kimya |
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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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