Correlation Between Vakif Finansal and Platform Turizm
Can any of the company-specific risk be diversified away by investing in both Vakif Finansal and Platform Turizm 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 Vakif Finansal and Platform Turizm into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Vakif Finansal Kiralama and Platform Turizm Tasimacilik, you can compare the effects of market volatilities on Vakif Finansal and Platform Turizm 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 Vakif Finansal with a short position of Platform Turizm. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vakif Finansal and Platform Turizm.
Diversification Opportunities for Vakif Finansal and Platform Turizm
0.3 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Vakif and Platform is 0.3. Overlapping area represents the amount of risk that can be diversified away by holding Vakif Finansal Kiralama and Platform Turizm Tasimacilik in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Platform Turizm Tasi and Vakif Finansal 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 Vakif Finansal Kiralama are associated (or correlated) with Platform Turizm. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Platform Turizm Tasi has no effect on the direction of Vakif Finansal i.e., Vakif Finansal and Platform Turizm go up and down completely randomly.
Pair Corralation between Vakif Finansal and Platform Turizm
Assuming the 90 days trading horizon Vakif Finansal Kiralama is expected to generate 4.35 times more return on investment than Platform Turizm. However, Vakif Finansal is 4.35 times more volatile than Platform Turizm Tasimacilik. It trades about 0.04 of its potential returns per unit of risk. Platform Turizm Tasimacilik is currently generating about 0.07 per unit of risk. If you would invest 104.00 in Vakif Finansal Kiralama on August 24, 2024 and sell it today you would earn a total of 70.00 from holding Vakif Finansal Kiralama or generate 67.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 97.78% |
| Values | Daily Returns |
Vakif Finansal Kiralama vs. Platform Turizm Tasimacilik
Performance |
| Timeline |
| Vakif Finansal Kiralama |
| Platform Turizm Tasi |
Vakif Finansal and Platform Turizm Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Vakif Finansal and Platform Turizm
The main advantage of trading using opposite Vakif Finansal and Platform Turizm positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Vakif Finansal position performs unexpectedly, Platform Turizm 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 Platform Turizm will offset losses from the drop in Platform Turizm's long position.| Vakif Finansal vs. Turkiye Is Bankasi | Vakif Finansal vs. Turkiye Is Bankasi | Vakif Finansal vs. Haci Omer Sabanci | Vakif Finansal vs. Turkiye Garanti Bankasi |
| Platform Turizm vs. Beyaz Filo Oto | Platform Turizm vs. Vakif Finansal Kiralama | Platform Turizm vs. Brisa Bridgestone Sabanci | Platform Turizm vs. Dogus Gayrimenkul 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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