Borusan Yatirim Correlations

BRYAT Stock

TRY 1,767 42.00 2.43%

The current 90-days correlation between Borusan Yatirim ve and Koza Anadolu Metal is 0.06 (i.e., Significant diversification). The correlation of Borusan Yatirim 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 Yatirim Correlation With Market

Average diversification

The correlation between Borusan Yatirim ve and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Borusan Yatirim ve and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Borusan Yatirim 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 Yatirim 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 Yatirim - 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 Yatirim ve to buy it.

Moving together with Borusan Stock

0.69	DESA	Desa Deri Sanayi Split	Pair Corr
0.72	IHGZT	Ihlas Gazetecilik	Pair Corr
0.61	BEYAZ	Beyaz Filo Oto	Pair Corr
0.91	NIBAS	Nigbas Nigde Beton	Pair Corr
0.9	RODRG	Rodrigo Tekstil Sanayi	Pair Corr

Moving against Borusan Stock

0.8	KUYAS	Kuyas Yatirim AS	Pair Corr
0.35	AKSA	Aksa Akrilik Kimya	Pair Corr

Related Correlations Analysis

	POLTK	CUSAN	KOCMT	DGATE	GENTS	KOZAA	CEOEM
POLTK		0.15	0.09	-0.67	-0.74	-0.07	0.03	POLTK
CUSAN	0.15		0.09	-0.39	-0.14	-0.18	-0.17	CUSAN
KOCMT	0.09	0.09		-0.55	-0.32	-0.3	0.17	KOCMT
DGATE	-0.67	-0.39	-0.55		0.86	0.47	-0.11	DGATE
GENTS	-0.74	-0.14	-0.32	0.86		0.44	-0.18	GENTS
KOZAA	-0.07	-0.18	-0.3	0.47	0.44		0.27	KOZAA
CEOEM	0.03	-0.17	0.17	-0.11	-0.18	0.27		CEOEM
	POLTK	CUSAN	KOCMT	DGATE	GENTS	KOZAA	CEOEM

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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

GENTS	+ 0.86	DGATE
KOZAA	+ 0.47	DGATE
KOZAA	+ 0.44	GENTS
CEOEM	+ 0.27	KOZAA
CEOEM	+ 0.17	KOCMT
CUSAN	+ 0.15	POLTK

High negative correlations

GENTS	- 0.74	POLTK
DGATE	- 0.67	POLTK
DGATE	- 0.55	KOCMT
DGATE	- 0.39	CUSAN
GENTS	- 0.32	KOCMT
KOZAA	- 0.3	KOCMT

Risk-Adjusted Indicators

There is a big difference between Borusan Stock performing well and Borusan Yatirim 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 Yatirim'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
POLTK	1.77	(0.24)	0.00	(1.80)	0.00	0.00	3.99	(3.59)	18.46
CUSAN	1.93	0.03	0.02	(0.08)	2.36	(2.17)	4.87	(3.72)	17.45
KOCMT	1.42	0.15	0.06	(0.26)	2.61	(1.33)	3.05	(1.86)	15.42
DGATE	2.63	0.44	0.13	(1.07)	3.19	(2.84)	5.27	(5.68)	18.67
GENTS	2.35	0.50	0.24	(0.48)	2.03	(3.03)	5.83	(3.41)	14.46
KOZAA	1.78	(0.05)	0.00	(0.13)	0.00	0.00	3.88	(4.12)	12.13
CEOEM	2.36	(0.12)	0.00	(0.23)	0.00	0.00	5.65	(5.04)	19.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in Borusan Yatirim 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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