Correlation Between Trend Gayrimenkul and Anadolu Hayat
Can any of the company-specific risk be diversified away by investing in both Trend Gayrimenkul and Anadolu Hayat 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 Trend Gayrimenkul and Anadolu Hayat into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Trend Gayrimenkul Yatirim and Anadolu Hayat Emeklilik, you can compare the effects of market volatilities on Trend Gayrimenkul and Anadolu Hayat 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 Trend Gayrimenkul with a short position of Anadolu Hayat. Check out your portfolio center. Please also check ongoing floating volatility patterns of Trend Gayrimenkul and Anadolu Hayat.
Diversification Opportunities for Trend Gayrimenkul and Anadolu Hayat
-0.53 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Trend and Anadolu is -0.53. Overlapping area represents the amount of risk that can be diversified away by holding Trend Gayrimenkul Yatirim and Anadolu Hayat Emeklilik in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Anadolu Hayat Emeklilik and Trend 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 Trend Gayrimenkul Yatirim are associated (or correlated) with Anadolu Hayat. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Anadolu Hayat Emeklilik has no effect on the direction of Trend Gayrimenkul i.e., Trend Gayrimenkul and Anadolu Hayat go up and down completely randomly.
Pair Corralation between Trend Gayrimenkul and Anadolu Hayat
Assuming the 90 days trading horizon Trend Gayrimenkul Yatirim is expected to generate 0.99 times more return on investment than Anadolu Hayat. However, Trend Gayrimenkul Yatirim is 1.01 times less risky than Anadolu Hayat. It trades about 0.15 of its potential returns per unit of risk. Anadolu Hayat Emeklilik is currently generating about 0.02 per unit of risk. If you would invest 1,150 in Trend Gayrimenkul Yatirim on October 24, 2024 and sell it today you would earn a total of 78.00 from holding Trend Gayrimenkul Yatirim or generate 6.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Trend Gayrimenkul Yatirim vs. Anadolu Hayat Emeklilik
Performance |
| Timeline |
| Trend Gayrimenkul Yatirim |
| Anadolu Hayat Emeklilik |
Trend Gayrimenkul and Anadolu Hayat Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Trend Gayrimenkul and Anadolu Hayat
The main advantage of trading using opposite Trend Gayrimenkul and Anadolu Hayat positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Trend Gayrimenkul position performs unexpectedly, Anadolu Hayat 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 Anadolu Hayat will offset losses from the drop in Anadolu Hayat's long position.| Trend Gayrimenkul vs. Koza Anadolu Metal | Trend Gayrimenkul vs. Bms Birlesik Metal | Trend Gayrimenkul vs. MEGA METAL | Trend Gayrimenkul vs. Gentas Genel 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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