Borusan Mannesmann Correlations
| BRSAN Stock | TRY 435.25 2.50 0.57% |
The current 90-days correlation between Borusan Mannesmann Boru and Cimsa Cimento Sanayi is 0.36 (i.e., Weak diversification). The correlation of Borusan Mannesmann 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.
Borusan Mannesmann Correlation With Market
Significant diversification
The correlation between Borusan Mannesmann Boru and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Borusan Mannesmann Boru and DJI in the same portfolio, assuming nothing else is changed.
Borusan |
The ability to find closely correlated positions to Borusan Mannesmann could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Borusan Mannesmann 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 Borusan Mannesmann - 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 Borusan Mannesmann Boru to buy it.
Moving together with Borusan Stock
Related Correlations Analysis
| 0.83 | 0.87 | 0.21 | 0.58 | CIMSA | ||
| 0.83 | 0.8 | 0.37 | 0.69 | AKSA | ||
| 0.87 | 0.8 | 0.49 | 0.57 | ECILC | ||
| 0.21 | 0.37 | 0.49 | 0.25 | KORDS | ||
| 0.58 | 0.69 | 0.57 | 0.25 | OTKAR | ||
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Risk-Adjusted Indicators
There is a big difference between Borusan Stock performing well and Borusan Mannesmann 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 Borusan Mannesmann'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIMSA | 2.01 | 0.34 | 0.14 | 2.69 | 2.01 | 5.23 | 15.01 | |||
| AKSA | 2.04 | 0.40 | 0.18 | 2.47 | 1.84 | 5.33 | 13.44 | |||
| ECILC | 1.65 | 0.02 | 0.00 | 0.06 | 2.71 | 3.08 | 10.47 | |||
| KORDS | 1.40 | (0.08) | 0.00 | (0.79) | 0.00 | 2.54 | 8.70 | |||
| OTKAR | 1.44 | 0.05 | 0.02 | 0.90 | 1.50 | 3.52 | 14.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Borusan Mannesmann 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.Did you try this?
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Borusan Mannesmann Corporate Management
Elected by the shareholders, the Borusan Mannesmann's board of directors comprises two types of representatives: Borusan Mannesmann inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Borusan. The board's role is to monitor Borusan Mannesmann's management team and ensure that shareholders' interests are well served. Borusan Mannesmann'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, Borusan Mannesmann's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ali Okyay | Member Segment | Profile | |
| Erkan Kafadar | Ex Board | Profile | |
| Nihan Alhan | Corp HR | Profile | |
| Anil Karaca | Member Operations | Profile | |
| Oguzhan Kuscuoglu | Member Segment | Profile |