Correlation Between Trabzonspor Sportif and Guler Yatirim
Can any of the company-specific risk be diversified away by investing in both Trabzonspor Sportif 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 Trabzonspor Sportif and Guler Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Trabzonspor Sportif Yatirim and Guler Yatirim Holding, you can compare the effects of market volatilities on Trabzonspor Sportif 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 Trabzonspor Sportif with a short position of Guler Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Trabzonspor Sportif and Guler Yatirim.
Diversification Opportunities for Trabzonspor Sportif and Guler Yatirim
0.72 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Trabzonspor and Guler is 0.72. Overlapping area represents the amount of risk that can be diversified away by holding Trabzonspor Sportif Yatirim 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 Trabzonspor Sportif 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 Trabzonspor Sportif Yatirim 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 Trabzonspor Sportif i.e., Trabzonspor Sportif and Guler Yatirim go up and down completely randomly.
Pair Corralation between Trabzonspor Sportif and Guler Yatirim
Assuming the 90 days trading horizon Trabzonspor Sportif is expected to generate 11.28 times less return on investment than Guler Yatirim. In addition to that, Trabzonspor Sportif is 1.62 times more volatile than Guler Yatirim Holding. It trades about 0.01 of its total potential returns per unit of risk. Guler Yatirim Holding is currently generating about 0.16 per unit of volatility. If you would invest 1,117 in Guler Yatirim Holding on September 4, 2024 and sell it today you would earn a total of 47.00 from holding Guler Yatirim Holding or generate 4.21% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Trabzonspor Sportif Yatirim vs. Guler Yatirim Holding
Performance |
| Timeline |
| Trabzonspor Sportif |
| Guler Yatirim Holding |
Trabzonspor Sportif and Guler Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Trabzonspor Sportif and Guler Yatirim
The main advantage of trading using opposite Trabzonspor Sportif and Guler Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Trabzonspor Sportif 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.| Trabzonspor Sportif vs. Galatasaray Sportif Sinai | Trabzonspor Sportif vs. BINHO | Trabzonspor Sportif vs. Tofas Turk Otomobil | Trabzonspor Sportif vs. Galata Wind Enerji |
| 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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