Birikim Varlik Correlations

BRKVY Stock

64.80 1.35 2.13%

The current 90-days correlation between Birikim Varlik Yonetim and Galatasaray Sportif Sinai is 0.09 (i.e., Significant diversification). The correlation of Birikim Varlik 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.

Birikim Varlik Correlation With Market

Significant diversification

The correlation between Birikim Varlik Yonetim and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Birikim Varlik Yonetim and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Birikim Stock

0.61	HEDEF	Hedef Holdings AS	Pair Corr
0.64	VAKBN	Turkiye Vakiflar Bankasi	Pair Corr
0.64	HALKB	Turkiye Halk Bankasi	Pair Corr
0.68	DCTTR	DCT TRADING DIS	Pair Corr
0.61	DGATE	Datagate Bilgisayar	Pair Corr

Moving against Birikim Stock

0.56	ISYAT	Is Yatirim Ortakligi	Pair Corr
0.51	GOZDE	Gozde Girisim Sermayesi	Pair Corr
0.46	YESIL	Yesil Yatirim Holding	Pair Corr
0.43	KCHOL	Koc Holding AS	Pair Corr
0.38	VERTU	Verusaturk Girisim	Pair Corr
0.38	UNLU	Unlu Yatirim Holding	Pair Corr
0.36	VERUS	Verusa Holding AS	Pair Corr
0.34	GSDHO	GSD Holding AS	Pair Corr
0.44	KENT	Kent Gida Maddeleri	Pair Corr

Related Correlations Analysis

	SKBNK	GSRAY	BMSTL	AKCNS	SODSN	KOCMT
SKBNK		0.78	-0.64	-0.3	0.86	0.56	SKBNK
GSRAY	0.78		-0.77	0.15	0.77	0.3	GSRAY
BMSTL	-0.64	-0.77		-0.21	-0.73	-0.36	BMSTL
AKCNS	-0.3	0.15	-0.21		-0.18	-0.48	AKCNS
SODSN	0.86	0.77	-0.73	-0.18		0.39	SODSN
KOCMT	0.56	0.3	-0.36	-0.48	0.39		KOCMT
	SKBNK	GSRAY	BMSTL	AKCNS	SODSN	KOCMT

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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

SODSN	+ 0.86	SKBNK
GSRAY	+ 0.78	SKBNK
SODSN	+ 0.77	GSRAY
KOCMT	+ 0.56	SKBNK
KOCMT	+ 0.39	SODSN
KOCMT	+ 0.3	GSRAY

High negative correlations

BMSTL	- 0.77	GSRAY
SODSN	- 0.73	BMSTL
BMSTL	- 0.64	SKBNK
KOCMT	- 0.48	AKCNS
KOCMT	- 0.36	BMSTL
AKCNS	- 0.3	SKBNK

Risk-Adjusted Indicators

There is a big difference between Birikim Stock performing well and Birikim Varlik 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 Birikim Varlik'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
SKBNK	1.61	(0.26)	0.00	0.46	0.00	0.00	2.87	(2.97)	15.55
GSRAY	1.48	(0.13)	0.00	(1.29)	0.00	0.00	3.68	(2.90)	8.61
BMSTL	1.86	0.60	0.25	(2.93)	2.20	(2.36)	5.82	(1.77)	19.93
AKCNS	1.67	0.11	0.07	0.23	2.58	(1.57)	3.43	(2.98)	16.30
SODSN	1.50	(0.22)	0.00	4.09	0.00	0.00	2.95	(3.08)	15.11
KOCMT	1.76	(0.34)	0.00	0.54	0.00	0.00	2.89	(9.78)	14.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Birikim Varlik 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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