Correlation Between Haci Omer and Marti Gayrimenkul
Can any of the company-specific risk be diversified away by investing in both Haci Omer and Marti Gayrimenkul 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 Haci Omer and Marti Gayrimenkul into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Haci Omer Sabanci and Marti Gayrimenkul Yatirim, you can compare the effects of market volatilities on Haci Omer and Marti Gayrimenkul 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 Haci Omer with a short position of Marti Gayrimenkul. Check out your portfolio center. Please also check ongoing floating volatility patterns of Haci Omer and Marti Gayrimenkul.
Diversification Opportunities for Haci Omer and Marti Gayrimenkul
0.62 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Haci and Marti is 0.62. Overlapping area represents the amount of risk that can be diversified away by holding Haci Omer Sabanci and Marti Gayrimenkul Yatirim in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Marti Gayrimenkul Yatirim and Haci Omer 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 Haci Omer Sabanci are associated (or correlated) with Marti Gayrimenkul. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Marti Gayrimenkul Yatirim has no effect on the direction of Haci Omer i.e., Haci Omer and Marti Gayrimenkul go up and down completely randomly.
Pair Corralation between Haci Omer and Marti Gayrimenkul
Assuming the 90 days trading horizon Haci Omer Sabanci is expected to generate 0.64 times more return on investment than Marti Gayrimenkul. However, Haci Omer Sabanci is 1.56 times less risky than Marti Gayrimenkul. It trades about -0.04 of its potential returns per unit of risk. Marti Gayrimenkul Yatirim is currently generating about -0.26 per unit of risk. If you would invest 10,210 in Haci Omer Sabanci on November 4, 2024 and sell it today you would lose (220.00) from holding Haci Omer Sabanci or give up 2.15% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Haci Omer Sabanci vs. Marti Gayrimenkul Yatirim
Performance |
| Timeline |
| Haci Omer Sabanci |
| Marti Gayrimenkul Yatirim |
Haci Omer and Marti Gayrimenkul Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Haci Omer and Marti Gayrimenkul
The main advantage of trading using opposite Haci Omer and Marti Gayrimenkul positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Haci Omer position performs unexpectedly, Marti Gayrimenkul 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 Marti Gayrimenkul will offset losses from the drop in Marti Gayrimenkul's long position.| Haci Omer vs. Koc Holding AS | Haci Omer vs. Turkiye Sise ve | Haci Omer vs. Akbank TAS | Haci Omer vs. Turkiye Petrol Rafinerileri |
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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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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