Correlation Between Oracle and Guler Yatirim
Can any of the company-specific risk be diversified away by investing in both Oracle and Guler 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 Oracle and Guler Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Oracle and Guler Yatirim Holding, you can compare the effects of market volatilities on Oracle and Guler 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 Oracle with a short position of Guler Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Oracle and Guler Yatirim.
Diversification Opportunities for Oracle and Guler Yatirim
-0.6 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Oracle and Guler is -0.6. Overlapping area represents the amount of risk that can be diversified away by holding Oracle and Guler Yatirim Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Guler Yatirim Holding and Oracle 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 Oracle are associated (or correlated) with Guler Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Guler Yatirim Holding has no effect on the direction of Oracle i.e., Oracle and Guler Yatirim go up and down completely randomly.
Pair Corralation between Oracle and Guler Yatirim
Given the investment horizon of 90 days Oracle is expected to generate 0.73 times more return on investment than Guler Yatirim. However, Oracle is 1.36 times less risky than Guler Yatirim. It trades about 0.1 of its potential returns per unit of risk. Guler Yatirim Holding is currently generating about 0.03 per unit of risk. If you would invest 11,374 in Oracle on September 4, 2024 and sell it today you would earn a total of 6,915 from holding Oracle or generate 60.8% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 99.19% |
| Values | Daily Returns |
Oracle vs. Guler Yatirim Holding
Performance |
| Timeline |
| Oracle |
| Guler Yatirim Holding |
Oracle and Guler Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Oracle and Guler Yatirim
The main advantage of trading using opposite Oracle and Guler Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Oracle position performs unexpectedly, Guler 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 Guler Yatirim will offset losses from the drop in Guler Yatirim's long position.| Oracle vs. Palo Alto Networks | Oracle vs. Crowdstrike Holdings | Oracle vs. Microsoft | Oracle vs. Block Inc |
| Guler Yatirim vs. MEGA METAL | Guler Yatirim vs. Politeknik Metal Sanayi | Guler Yatirim vs. Sekerbank TAS | Guler Yatirim vs. Trabzonspor Sportif 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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