Mackolik Internet Correlations

MACKO Stock

88.50 1.95 2.25%

The current 90-days correlation between Mackolik Internet and Birlik Mensucat Ticaret is -0.07 (i.e., Good diversification). The correlation of Mackolik Internet 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Mackolik Internet Correlation With Market

Good diversification

The correlation between Mackolik Internet Hizmetleri and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mackolik Internet Hizmetleri and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Mackolik Internet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mackolik Internet 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 Mackolik Internet - 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 Mackolik Internet Hizmetleri to buy it.

Moving together with Mackolik Stock

0.66	VAKBN	Turkiye Vakiflar Bankasi	Pair Corr
0.76	ZRGYO	Ziraat Gayrimenkul	Pair Corr
0.68	AKBNK	Akbank TAS	Pair Corr
0.65	DOHOL	Dogan Sirketler Grubu	Pair Corr
0.7	KRDMD	Kardemir Karabuk Demir	Pair Corr
0.62	ISFIN	Is Finansal Kiralama	Pair Corr
0.61	BIMAS	BIM Birlesik Magazalar	Pair Corr
0.63	FENER	Fenerbahce Futbol	Pair Corr
0.73	CCOLA	Coca Cola Icecek	Pair Corr
0.71	AGESA	Agesa Hayat ve	Pair Corr
0.65	OTKAR	Otokar Otomotiv ve	Pair Corr
0.76	PGSUS	Pegasus Hava Tasimaciligi Split	Pair Corr
0.69	TURSG	Turkiye Sigorta AS	Pair Corr
0.61	VAKKO	Vakko Tekstil ve	Pair Corr
0.62	TOASO	Tofas Turk Otomobil	Pair Corr
0.67	AGHOL	AG Anadolu Group	Pair Corr
0.63	MGROS	Migros Ticaret AS	Pair Corr

Moving against Mackolik Stock

0.57	BRMEN	Birlik Mensucat Ticaret	Pair Corr
0.37	PAMEL	Pamel Yenilenebilir	Pair Corr

Related Correlations Analysis

	BRMEN	CUSAN	VAKBN	PRZMA	YYAPI	SNICA	OSMEN	BORLS	BURCE
BRMEN		0.68	-0.57	0.65	-0.26	0.41	0.06	-0.31	-0.15	BRMEN
CUSAN	0.68		-0.35	0.59	-0.06	0.6	0.24	-0.13	0.04	CUSAN
VAKBN	-0.57	-0.35		-0.85	0.85	-0.47	0.68	0.36	0.75	VAKBN
PRZMA	0.65	0.59	-0.85		-0.7	0.51	-0.42	-0.44	-0.6	PRZMA
YYAPI	-0.26	-0.06	0.85	-0.7		-0.36	0.86	0.25	0.73	YYAPI
SNICA	0.41	0.6	-0.47	0.51	-0.36		-0.2	0.13	-0.05	SNICA
OSMEN	0.06	0.24	0.68	-0.42	0.86	-0.2		0.16	0.72	OSMEN
BORLS	-0.31	-0.13	0.36	-0.44	0.25	0.13	0.16		0.3	BORLS
BURCE	-0.15	0.04	0.75	-0.6	0.73	-0.05	0.72	0.3		BURCE
	BRMEN	CUSAN	VAKBN	PRZMA	YYAPI	SNICA	OSMEN	BORLS	BURCE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OSMEN	+ 0.86	YYAPI
YYAPI	+ 0.85	VAKBN
BURCE	+ 0.75	VAKBN
BURCE	+ 0.73	YYAPI
BURCE	+ 0.72	OSMEN
CUSAN	+ 0.68	BRMEN

High negative correlations

PRZMA	- 0.85	VAKBN
YYAPI	- 0.7	PRZMA
BURCE	- 0.6	PRZMA
VAKBN	- 0.57	BRMEN
SNICA	- 0.47	VAKBN
BORLS	- 0.44	PRZMA

Risk-Adjusted Indicators

There is a big difference between Mackolik Stock performing well and Mackolik Internet 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 Mackolik Internet'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
BRMEN	3.24	(0.36)	0.00	(0.64)	0.00	0.00	8.41	(5.57)	19.52
CUSAN	1.94	(0.11)	0.00	(0.16)	0.00	0.00	3.31	(4.25)	14.68
VAKBN	2.40	0.79	0.23	(1.49)	2.75	(2.45)	5.53	(5.12)	15.48
PRZMA	3.31	(0.65)	0.00	(0.40)	0.00	0.00	7.15	(8.59)	18.57
YYAPI	4.21	0.86	0.20	(1.54)	3.96	(5.19)	9.93	(7.72)	19.98
SNICA	2.71	0.06	0.02	0.02	3.34	(2.93)	6.82	(5.77)	19.93
OSMEN	3.64	0.40	0.10	0.40	3.74	(4.38)	9.97	(6.83)	18.82
BORLS	2.40	0.13	0.04	0.43	3.26	(2.40)	4.83	(5.68)	13.90
BURCE	3.70	0.49	0.12	3.74	3.75	(3.96)	9.99	(5.61)	19.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mackolik Internet 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.

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