Akin Tekstil Correlations
| ATEKS Stock | TRY 149.50 9.40 5.92% |
The correlation of Akin Tekstil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Akin Tekstil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akin Tekstil AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Akin Tekstil AS and NYA is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akin Tekstil AS and NYA in the same portfolio, assuming nothing else is changed.
Akin |
The ability to find closely correlated positions to Akin Tekstil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akin Tekstil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Akin Tekstil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Akin Tekstil AS to buy it.
Moving together with Akin Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Akin Stock performing well and Akin Tekstil Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Akin Tekstil's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KCHOL | 1.65 | 0.61 | 0.33 | (2.40) | 1.03 | 5.02 | 9.41 | |||
| THYAO | 1.58 | 0.40 | 0.17 | (0.93) | 1.36 | 4.50 | 9.42 | |||
| GARAN | 1.74 | 0.51 | 0.19 | (1.01) | 1.56 | 4.53 | 11.21 | |||
| TUPRS | 1.57 | 0.61 | 0.36 | (0.98) | 0.95 | 4.25 | 8.63 | |||
| YKBNK | 2.18 | 0.65 | 0.20 | (1.10) | 2.16 | 5.59 | 12.26 | |||
| SAHOL | 1.90 | 0.50 | 0.20 | (0.65) | 1.62 | 4.20 | 9.98 | |||
| AKBNK | 2.28 | 0.75 | 0.23 | (0.88) | 2.14 | 5.88 | 11.47 | |||
| QNBFB | 3.11 | 0.17 | 0.04 | 0.34 | 3.32 | 9.89 | 19.95 | |||
| TCELL | 1.62 | 0.32 | 0.11 | (13.67) | 1.90 | 3.73 | 11.79 | |||
| TTKOM | 2.31 | 0.58 | 0.19 | (0.61) | 2.03 | 5.38 | 13.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Akin Tekstil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Akin Tekstil Corporate Management
Elected by the shareholders, the Akin Tekstil's board of directors comprises two types of representatives: Akin Tekstil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Akin. The board's role is to monitor Akin Tekstil's management team and ensure that shareholders' interests are well served. Akin Tekstil's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Akin Tekstil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hatice Tokatlioglu | Non-Executive Member of the Board | Profile | |
| Burhan Karacam | Independent Member of the Board | Profile | |
| M Haksal | G Mang | Profile | |
| Nuri Akin | Member of the Board | Profile | |
| Cengiz Israfil | Independent Member of the Board | Profile |
Already Invested in Akin Tekstil AS?
The danger of trading Akin Tekstil AS is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Akin Tekstil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Akin Tekstil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Akin Tekstil AS is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akin Tekstil AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Akin Stock analysis
When running Akin Tekstil's price analysis, check to measure Akin Tekstil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Akin Tekstil is operating at the current time. Most of Akin Tekstil's value examination focuses on studying past and present price action to predict the probability of Akin Tekstil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akin Tekstil's price. Additionally, you may evaluate how the addition of Akin Tekstil to your portfolios can decrease your overall portfolio volatility.
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