Correlation Between Yesil Gayrimenkul and E Data
Can any of the company-specific risk be diversified away by investing in both Yesil Gayrimenkul and E Data 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 Gayrimenkul and E Data into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Yesil Gayrimenkul Yatirim and E Data Teknoloji Pazarlama, you can compare the effects of market volatilities on Yesil Gayrimenkul and E Data 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 Gayrimenkul with a short position of E Data. Check out your portfolio center. Please also check ongoing floating volatility patterns of Yesil Gayrimenkul and E Data.
Diversification Opportunities for Yesil Gayrimenkul and E Data
0.25 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Yesil and EDATA is 0.25. Overlapping area represents the amount of risk that can be diversified away by holding Yesil Gayrimenkul Yatirim and E Data Teknoloji Pazarlama in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on E Data Teknoloji and Yesil 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 Yesil Gayrimenkul Yatirim are associated (or correlated) with E Data. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of E Data Teknoloji has no effect on the direction of Yesil Gayrimenkul i.e., Yesil Gayrimenkul and E Data go up and down completely randomly.
Pair Corralation between Yesil Gayrimenkul and E Data
Assuming the 90 days trading horizon Yesil Gayrimenkul Yatirim is expected to generate 2.55 times more return on investment than E Data. However, Yesil Gayrimenkul is 2.55 times more volatile than E Data Teknoloji Pazarlama. It trades about 0.27 of its potential returns per unit of risk. E Data Teknoloji Pazarlama is currently generating about 0.3 per unit of risk. If you would invest 778.00 in Yesil Gayrimenkul Yatirim on September 14, 2024 and sell it today you would earn a total of 229.00 from holding Yesil Gayrimenkul Yatirim or generate 29.43% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Yesil Gayrimenkul Yatirim vs. E Data Teknoloji Pazarlama
Performance |
| Timeline |
| Yesil Gayrimenkul Yatirim |
| E Data Teknoloji |
Yesil Gayrimenkul and E Data Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Yesil Gayrimenkul and E Data
The main advantage of trading using opposite Yesil Gayrimenkul and E Data positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Yesil Gayrimenkul position performs unexpectedly, E Data 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 E Data will offset losses from the drop in E Data's long position.| Yesil Gayrimenkul vs. Bms Birlesik Metal | Yesil Gayrimenkul vs. Sodas Sodyum Sanayi | Yesil Gayrimenkul vs. Qnb Finansbank AS | Yesil Gayrimenkul vs. Turkish Airlines |
| E Data vs. Silverline Endustri ve | E Data vs. Sodas Sodyum Sanayi | E Data vs. Akbank TAS | E Data vs. Mackolik Internet Hizmetleri |
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Other Complementary Tools
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Stocks Directory Find actively traded stocks across global markets | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |