Borlease Otomotiv Correlations

BORLS Stock

94.60 8.10 9.36%

The current 90-days correlation between Borlease Otomotiv and E Data Teknoloji Pazarlama is 0.27 (i.e., Modest diversification). The correlation of Borlease Otomotiv 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.

Borlease Otomotiv Correlation With Market

Good diversification

The correlation between Borlease Otomotiv AS and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Borlease Otomotiv AS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Borlease Stock

0.8	THYAO	Turkish Airlines	Pair Corr
0.78	ASELS	Aselsan Elektronik Sanayi	Pair Corr

Moving against Borlease Stock

0.5	KCHOL	Koc Holding AS	Pair Corr
0.47	TUPRS	Turkiye Petrol Rafin	Pair Corr
0.46	SASA	SASA Polyester Sanayi	Pair Corr

Related Correlations Analysis

	EDATA	CRDFA	SODSN	GENTS	BMSTL	QNBTR	ICBCT
EDATA		0.04	0.5	-0.55	-0.63	-0.68	0.37	EDATA
CRDFA	0.04		-0.58	0.38	0.52	0.06	-0.4	CRDFA
SODSN	0.5	-0.58		-0.78	-0.77	-0.39	0.8	SODSN
GENTS	-0.55	0.38	-0.78		0.83	0.63	-0.4	GENTS
BMSTL	-0.63	0.52	-0.77	0.83		0.57	-0.43	BMSTL
QNBTR	-0.68	0.06	-0.39	0.63	0.57		-0.11	QNBTR
ICBCT	0.37	-0.4	0.8	-0.4	-0.43	-0.11		ICBCT
	EDATA	CRDFA	SODSN	GENTS	BMSTL	QNBTR	ICBCT

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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

BMSTL	+ 0.83	GENTS
ICBCT	+ 0.8	SODSN
QNBTR	+ 0.63	GENTS
QNBTR	+ 0.57	BMSTL
BMSTL	+ 0.52	CRDFA
SODSN	+ 0.5	EDATA

High negative correlations

GENTS	- 0.78	SODSN
BMSTL	- 0.77	SODSN
QNBTR	- 0.68	EDATA
BMSTL	- 0.63	EDATA
SODSN	- 0.58	CRDFA
GENTS	- 0.55	EDATA

Risk-Adjusted Indicators

There is a big difference between Borlease Stock performing well and Borlease Otomotiv 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 Borlease Otomotiv'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
EDATA	2.08	(0.20)	0.00	(0.49)	0.00	0.00	3.85	(3.88)	19.86
CRDFA	2.18	0.20	0.07	0.33	2.66	(2.53)	6.87	(3.72)	18.14
SODSN	1.52	(0.38)	0.00	4.24	0.00	0.00	3.09	(3.12)	11.02
GENTS	2.96	0.84	0.34	(0.87)	2.10	(3.96)	7.91	(4.18)	14.46
BMSTL	1.95	0.69	0.18	(1.07)	2.72	(2.26)	5.82	(2.33)	19.93
QNBTR	2.57	0.47	0.15	(4.57)	2.59	(3.58)	9.91	(3.56)	19.94
ICBCT	1.84	(0.11)	0.00	0.16	0.00	0.00	4.11	(2.49)	17.75

Borlease Otomotiv Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Borlease Otomotiv stock to make a market-neutral strategy. Peer analysis of Borlease Otomotiv could also be used in its relative valuation, which is a method of valuing Borlease Otomotiv by comparing valuation metrics with similar companies.

E Data Teknoloji Pazarlama Creditwest Faktoring AS Sodas Sodyum Sanayi Gentas Genel Metal Bms Birlesik Metal Qnb Finansbank AS ICBC Turkey Bank American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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