Adese Gayrimenkul Correlations
| ADESE Stock | TRY 2.28 0.03 1.33% |
The current 90-days correlation between Adese Gayrimenkul Yatirim and Eregli Demir ve is -0.21 (i.e., Very good diversification). The correlation of Adese Gayrimenkul 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.
Adese Gayrimenkul Correlation With Market
Good diversification
The correlation between Adese Gayrimenkul Yatirim and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adese Gayrimenkul Yatirim and DJI in the same portfolio, assuming nothing else is changed.
Adese |
The ability to find closely correlated positions to Adese Gayrimenkul could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adese Gayrimenkul 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 Adese Gayrimenkul - 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 Adese Gayrimenkul Yatirim to buy it.
Moving together with Adese Stock
| 0.69 | ISCTR | Turkiye Is Bankasi | PairCorr |
| 0.73 | YKBNK | Yapi ve Kredi | PairCorr |
| 0.77 | AKBNK | Akbank TAS | PairCorr |
| 0.8 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.82 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.61 | KENT | Kent Gida Maddeleri | PairCorr |
| 0.67 | KCHOL | Koc Holding AS | PairCorr |
| 0.76 | EGEPO | Nasmed Ozel Saglik | PairCorr |
| 0.8 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.83 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.65 | RYSAS | Reysas Tasimacilik | PairCorr |
| 0.62 | LKMNH | Lokman Hekim Engurusag | PairCorr |
| 0.68 | MACKO | Mackolik Internet | PairCorr |
| 0.76 | GENTS | Gentas Genel Metal | PairCorr |
| 0.8 | TRCAS | Turcas Petrol AS | PairCorr |
| 0.76 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.7 | BMSTL | Bms Birlesik Metal Split | PairCorr |
| 0.75 | GWIND | Galata Wind Enerji | PairCorr |
| 0.77 | KCAER | Kocaer Celik Sanayi Split | PairCorr |
Related Correlations Analysis
| 0.51 | 0.79 | 0.07 | 0.71 | EREGL | ||
| 0.51 | 0.56 | -0.45 | 0.4 | TUPRS | ||
| 0.79 | 0.56 | 0.08 | 0.66 | SISE | ||
| 0.07 | -0.45 | 0.08 | 0.17 | FROTO | ||
| 0.71 | 0.4 | 0.66 | 0.17 | KCHOL | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Adese Stock performing well and Adese Gayrimenkul 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 Adese Gayrimenkul'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EREGL | 1.42 | 0.02 | 0.00 | 0.07 | 1.64 | 3.19 | 7.76 | |||
| TUPRS | 1.13 | (0.13) | 0.00 | (0.25) | 0.00 | 2.34 | 5.17 | |||
| SISE | 1.54 | 0.06 | 0.02 | 0.16 | 1.98 | 3.17 | 7.48 | |||
| FROTO | 1.54 | 0.06 | 0.03 | 0.16 | 1.80 | 3.48 | 11.45 | |||
| KCHOL | 1.55 | (0.03) | 0.00 | (0.06) | 0.00 | 3.02 | 7.98 |
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Adese Gayrimenkul Corporate Management
Elected by the shareholders, the Adese Gayrimenkul's board of directors comprises two types of representatives: Adese Gayrimenkul inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adese. The board's role is to monitor Adese Gayrimenkul's management team and ensure that shareholders' interests are well served. Adese Gayrimenkul'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, Adese Gayrimenkul's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hasan Dagli | Independent Member of the Board | Profile | |
| Murad Gk | G Mang | Profile | |
| Hasan Ozulku | Member of the Board | Profile | |
| Lutfi Simsek | Independent Member of the Board | Profile | |
| Fahri Akay | Member of the Board | Profile |