Correlation Between Peker Gayrimenkul and Bilici Yatirim
Can any of the company-specific risk be diversified away by investing in both Peker Gayrimenkul and Bilici 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 Peker Gayrimenkul and Bilici Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Peker Gayrimenkul Yatirim and Bilici Yatirim Sanayi, you can compare the effects of market volatilities on Peker Gayrimenkul and Bilici 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 Peker Gayrimenkul with a short position of Bilici Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Peker Gayrimenkul and Bilici Yatirim.
Diversification Opportunities for Peker Gayrimenkul and Bilici Yatirim
-0.79 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Peker and Bilici is -0.79. Overlapping area represents the amount of risk that can be diversified away by holding Peker Gayrimenkul Yatirim and Bilici Yatirim Sanayi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bilici Yatirim Sanayi and Peker Gayrimenkul 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 Peker Gayrimenkul Yatirim are associated (or correlated) with Bilici Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bilici Yatirim Sanayi has no effect on the direction of Peker Gayrimenkul i.e., Peker Gayrimenkul and Bilici Yatirim go up and down completely randomly.
Pair Corralation between Peker Gayrimenkul and Bilici Yatirim
Assuming the 90 days trading horizon Peker Gayrimenkul Yatirim is expected to generate 1.38 times more return on investment than Bilici Yatirim. However, Peker Gayrimenkul is 1.38 times more volatile than Bilici Yatirim Sanayi. It trades about 0.0 of its potential returns per unit of risk. Bilici Yatirim Sanayi is currently generating about -0.1 per unit of risk. If you would invest 145.00 in Peker Gayrimenkul Yatirim on November 3, 2024 and sell it today you would lose (7.00) from holding Peker Gayrimenkul Yatirim or give up 4.83% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Peker Gayrimenkul Yatirim vs. Bilici Yatirim Sanayi
Performance |
| Timeline |
| Peker Gayrimenkul Yatirim |
| Bilici Yatirim Sanayi |
Peker Gayrimenkul and Bilici Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Peker Gayrimenkul and Bilici Yatirim
The main advantage of trading using opposite Peker Gayrimenkul and Bilici Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Peker Gayrimenkul position performs unexpectedly, Bilici 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 Bilici Yatirim will offset losses from the drop in Bilici Yatirim's long position.| Peker Gayrimenkul vs. KOC METALURJI | Peker Gayrimenkul vs. Sekerbank TAS | Peker Gayrimenkul vs. Turkiye Kalkinma Bankasi | Peker Gayrimenkul vs. Trabzonspor Sportif Yatirim |
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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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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