Correlation Between Birikim Varlik and Cemtas Celik

Can any of the company-specific risk be diversified away by investing in both Birikim Varlik and Cemtas Celik 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 Birikim Varlik and Cemtas Celik into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Birikim Varlik Yonetim and Cemtas Celik Makina, you can compare the effects of market volatilities on Birikim Varlik and Cemtas Celik 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 Birikim Varlik with a short position of Cemtas Celik. Check out your portfolio center. Please also check ongoing floating volatility patterns of Birikim Varlik and Cemtas Celik.

Diversification Opportunities for Birikim Varlik and Cemtas Celik

0.0

Correlation Coefficient

Birikim Varlik  Cemtas Celik

Pay attention - limited upside

The 3 months correlation between Birikim and Cemtas is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Birikim Varlik Yonetim and Cemtas Celik Makina in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cemtas Celik Makina and Birikim Varlik 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 Birikim Varlik Yonetim are associated (or correlated) with Cemtas Celik. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cemtas Celik Makina has no effect on the direction of Birikim Varlik i.e., Birikim Varlik and Cemtas Celik go up and down completely randomly.

Pair Corralation between Birikim Varlik and Cemtas Celik

If you would invest  4,682  in Birikim Varlik Yonetim on June 30, 2024 and sell it today you would earn a total of  182.00  from holding Birikim Varlik Yonetim or generate 3.89% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Birikim Varlik Yonetim  vs.  Cemtas Celik Makina

Birikim Varlik Yonetim

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Birikim Varlik Yonetim has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest inconsistent performance, the Stock's forward indicators remain strong and the recent confusion on Wall Street may also be a sign of long-lasting gains for the firm traders.

Cemtas Celik Makina

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Cemtas Celik Makina has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong forward indicators, Cemtas Celik is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.

Pair Trading with Birikim Varlik and Cemtas Celik

The main advantage of trading using opposite Birikim Varlik and Cemtas Celik positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Birikim Varlik position performs unexpectedly, Cemtas Celik 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 Cemtas Celik will offset losses from the drop in Cemtas Celik's long position.

The idea behind Birikim Varlik Yonetim and Cemtas Celik Makina pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.