Correlation Between Yesil Yatirim and Hedef Girisim
Can any of the company-specific risk be diversified away by investing in both Yesil Yatirim and Hedef Girisim 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 Yesil Yatirim and Hedef Girisim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Yesil Yatirim Holding and Hedef Girisim Sermayesi, you can compare the effects of market volatilities on Yesil Yatirim and Hedef Girisim 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 Yesil Yatirim with a short position of Hedef Girisim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Yesil Yatirim and Hedef Girisim.
Diversification Opportunities for Yesil Yatirim and Hedef Girisim
0.84 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Yesil and Hedef is 0.84. Overlapping area represents the amount of risk that can be diversified away by holding Yesil Yatirim Holding and Hedef Girisim Sermayesi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hedef Girisim Sermayesi and Yesil Yatirim 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 Yesil Yatirim Holding are associated (or correlated) with Hedef Girisim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hedef Girisim Sermayesi has no effect on the direction of Yesil Yatirim i.e., Yesil Yatirim and Hedef Girisim go up and down completely randomly.
Pair Corralation between Yesil Yatirim and Hedef Girisim
Assuming the 90 days trading horizon Yesil Yatirim Holding is expected to generate 1.39 times more return on investment than Hedef Girisim. However, Yesil Yatirim is 1.39 times more volatile than Hedef Girisim Sermayesi. It trades about 0.02 of its potential returns per unit of risk. Hedef Girisim Sermayesi is currently generating about 0.0 per unit of risk. If you would invest 247.00 in Yesil Yatirim Holding on September 13, 2024 and sell it today you would lose (21.00) from holding Yesil Yatirim Holding or give up 8.5% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 99.8% |
| Values | Daily Returns |
Yesil Yatirim Holding vs. Hedef Girisim Sermayesi
Performance |
| Timeline |
| Yesil Yatirim Holding |
| Hedef Girisim Sermayesi |
Yesil Yatirim and Hedef Girisim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Yesil Yatirim and Hedef Girisim
The main advantage of trading using opposite Yesil Yatirim and Hedef Girisim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Yesil Yatirim position performs unexpectedly, Hedef Girisim 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 Hedef Girisim will offset losses from the drop in Hedef Girisim's long position.| Yesil Yatirim vs. Bms Birlesik Metal | Yesil Yatirim vs. Turkiye Kalkinma Bankasi | Yesil Yatirim vs. Cuhadaroglu Metal Sanayi | Yesil Yatirim vs. Akbank TAS |
| Hedef Girisim vs. Pamel Yenilenebilir Elektrik | Hedef Girisim vs. Bosch Fren Sistemleri | Hedef Girisim vs. Marka Yatirim Holding | Hedef Girisim 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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