Kardemir Karabuk Correlations
| KRDMA Stock | TRY 24.12 0.72 3.08% |
The correlation of Kardemir Karabuk 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 Kardemir Karabuk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kardemir Karabuk Demir 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.
Good diversification
The correlation between Kardemir Karabuk Demir and NYA is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kardemir Karabuk Demir and NYA in the same portfolio, assuming nothing else is changed.
Kardemir |
The ability to find closely correlated positions to Kardemir Karabuk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kardemir Karabuk 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 Kardemir Karabuk - 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 Kardemir Karabuk Demir to buy it.
Moving together with Kardemir Stock
| 0.93 | EREGL | Eregli Demir ve | PairCorr |
| 0.94 | ISDMR | Iskenderun Demir | PairCorr |
| 0.99 | KRDMB | Kardemir Karabuk Demir | PairCorr |
| 0.96 | KRDMD | Kardemir Karabuk Demir | PairCorr |
| 0.8 | CEMTS | Cemtas Celik Makina | PairCorr |
Moving against Kardemir Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Kardemir Karabuk 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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Kardemir Karabuk Corporate Management
Elected by the shareholders, the Kardemir Karabuk's board of directors comprises two types of representatives: Kardemir Karabuk inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kardemir. The board's role is to monitor Kardemir Karabuk's management team and ensure that shareholders' interests are well served. Kardemir Karabuk'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, Kardemir Karabuk's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mehmet Nalcabasmaz | Deputy Investments | Profile | |
| Arslan Narin | Deputy Law | Profile | |
| Yusuf Demirtas | Ex Marketing | Profile | |
| Furkan nal | Deputy EVP | Profile | |
| Burcay Yavuz | Investor Relations Manager | Profile |
Already Invested in Kardemir Karabuk Demir?
The danger of trading Kardemir Karabuk Demir 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 Kardemir Karabuk 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 Kardemir Karabuk. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kardemir Karabuk Demir 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kardemir Karabuk Demir. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Kardemir Karabuk Demir information on this page should be used as a complementary analysis to other Kardemir Karabuk's statistical models used 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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Kardemir Stock analysis
When running Kardemir Karabuk's price analysis, check to measure Kardemir Karabuk'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 Kardemir Karabuk is operating at the current time. Most of Kardemir Karabuk's value examination focuses on studying past and present price action to predict the probability of Kardemir Karabuk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kardemir Karabuk's price. Additionally, you may evaluate how the addition of Kardemir Karabuk to your portfolios can decrease your overall portfolio volatility.
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