Correlation Between Marka Yatirim and Is Finansal
Can any of the company-specific risk be diversified away by investing in both Marka Yatirim and Is Finansal 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 Is Finansal 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 Is Finansal Kiralama, you can compare the effects of market volatilities on Marka Yatirim and Is Finansal 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 Is Finansal. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marka Yatirim and Is Finansal.
Diversification Opportunities for Marka Yatirim and Is Finansal
-0.09 | Correlation Coefficient |
Good diversification
The 3 months correlation between Marka and ISFIN is -0.09. Overlapping area represents the amount of risk that can be diversified away by holding Marka Yatirim Holding and Is Finansal Kiralama in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Is Finansal Kiralama 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 Is Finansal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Is Finansal Kiralama has no effect on the direction of Marka Yatirim i.e., Marka Yatirim and Is Finansal go up and down completely randomly.
Pair Corralation between Marka Yatirim and Is Finansal
Assuming the 90 days trading horizon Marka Yatirim Holding is expected to generate 1.76 times more return on investment than Is Finansal. However, Marka Yatirim is 1.76 times more volatile than Is Finansal Kiralama. It trades about 0.11 of its potential returns per unit of risk. Is Finansal Kiralama is currently generating about 0.04 per unit of risk. If you would invest 494.00 in Marka Yatirim Holding on September 13, 2024 and sell it today you would earn a total of 5,106 from holding Marka Yatirim Holding or generate 1033.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 99.8% |
| Values | Daily Returns |
Marka Yatirim Holding vs. Is Finansal Kiralama
Performance |
| Timeline |
| Marka Yatirim Holding |
| Is Finansal Kiralama |
Marka Yatirim and Is Finansal Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marka Yatirim and Is Finansal
The main advantage of trading using opposite Marka Yatirim and Is Finansal positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marka Yatirim position performs unexpectedly, Is Finansal 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 Is Finansal will offset losses from the drop in Is Finansal's long position.| Marka Yatirim vs. Turkiye Kalkinma Bankasi | Marka Yatirim vs. CEO Event Medya | Marka Yatirim vs. Cuhadaroglu Metal Sanayi | Marka Yatirim vs. Gentas Genel Metal |
| Is Finansal vs. Pamel Yenilenebilir Elektrik | Is Finansal vs. Bosch Fren Sistemleri | Is Finansal vs. Marka Yatirim Holding | Is Finansal vs. Dogus Gayrimenkul Yatirim |
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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