Correlation Between Marka Yatirim and Verusaturk Girisim
Can any of the company-specific risk be diversified away by investing in both Marka Yatirim and Verusaturk 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 Verusaturk 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 Verusaturk Girisim Sermayesi, you can compare the effects of market volatilities on Marka Yatirim and Verusaturk 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 Verusaturk Girisim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marka Yatirim and Verusaturk Girisim.
Diversification Opportunities for Marka Yatirim and Verusaturk Girisim
-0.46 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Marka and Verusaturk is -0.46. Overlapping area represents the amount of risk that can be diversified away by holding Marka Yatirim Holding and Verusaturk Girisim Sermayesi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Verusaturk Girisim 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 Verusaturk Girisim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Verusaturk Girisim has no effect on the direction of Marka Yatirim i.e., Marka Yatirim and Verusaturk Girisim go up and down completely randomly.
Pair Corralation between Marka Yatirim and Verusaturk Girisim
Assuming the 90 days trading horizon Marka Yatirim Holding is expected to generate 1.65 times more return on investment than Verusaturk Girisim. However, Marka Yatirim is 1.65 times more volatile than Verusaturk Girisim Sermayesi. It trades about 0.11 of its potential returns per unit of risk. Verusaturk Girisim Sermayesi is currently generating about 0.01 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 Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Marka Yatirim Holding vs. Verusaturk Girisim Sermayesi
Performance |
| Timeline |
| Marka Yatirim Holding |
| Verusaturk Girisim |
Marka Yatirim and Verusaturk Girisim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marka Yatirim and Verusaturk Girisim
The main advantage of trading using opposite Marka Yatirim and Verusaturk Girisim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marka Yatirim position performs unexpectedly, Verusaturk 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 Verusaturk Girisim will offset losses from the drop in Verusaturk Girisim'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 |
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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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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