Correlation Between Marka Yatirim and Is Yatirim
Can any of the company-specific risk be diversified away by investing in both Marka Yatirim and Is Yatirim 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 Yatirim 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 Yatirim Ortakligi, you can compare the effects of market volatilities on Marka Yatirim and Is Yatirim 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 Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marka Yatirim and Is Yatirim.
Diversification Opportunities for Marka Yatirim and Is Yatirim
0.29 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Marka and ISYAT is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding Marka Yatirim Holding and Is Yatirim Ortakligi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Is Yatirim Ortakligi 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 Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Is Yatirim Ortakligi has no effect on the direction of Marka Yatirim i.e., Marka Yatirim and Is Yatirim go up and down completely randomly.
Pair Corralation between Marka Yatirim and Is Yatirim
Assuming the 90 days trading horizon Marka Yatirim Holding is expected to generate 1.72 times more return on investment than Is Yatirim. However, Marka Yatirim is 1.72 times more volatile than Is Yatirim Ortakligi. It trades about 0.11 of its potential returns per unit of risk. Is Yatirim Ortakligi is currently generating about 0.05 per unit of risk. If you would invest 530.00 in Marka Yatirim Holding on September 14, 2024 and sell it today you would earn a total of 5,140 from holding Marka Yatirim Holding or generate 969.81% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 99.8% |
| Values | Daily Returns |
Marka Yatirim Holding vs. Is Yatirim Ortakligi
Performance |
| Timeline |
| Marka Yatirim Holding |
| Is Yatirim Ortakligi |
Marka Yatirim and Is Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marka Yatirim and Is Yatirim
The main advantage of trading using opposite Marka Yatirim and Is Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marka Yatirim position performs unexpectedly, Is Yatirim 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 Yatirim will offset losses from the drop in Is Yatirim'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 |
| Is Yatirim vs. Pamel Yenilenebilir Elektrik | Is Yatirim vs. Bosch Fren Sistemleri | Is Yatirim vs. Marka Yatirim Holding | Is Yatirim 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Complementary Tools
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |