Burcelik Bursa Correlations
| BURCE Stock | TRY 19.33 1.75 9.95% |
The current 90-days correlation between Burcelik Bursa Celik and Eregli Demir ve is 0.33 (i.e., Weak diversification). The correlation of Burcelik Bursa 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.
Burcelik Bursa Correlation With Market
Significant diversification
The correlation between Burcelik Bursa Celik and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burcelik Bursa Celik and DJI in the same portfolio, assuming nothing else is changed.
Burcelik |
The ability to find closely correlated positions to Burcelik Bursa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Burcelik Bursa 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 Burcelik Bursa - 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 Burcelik Bursa Celik to buy it.
Moving against Burcelik Stock
| 0.9 | EGEPO | Nasmed Ozel Saglik | PairCorr |
| 0.82 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.82 | MACKO | Mackolik Internet | PairCorr |
| 0.82 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.8 | GENTS | Gentas Genel Metal | PairCorr |
| 0.77 | RYSAS | Reysas Tasimacilik | PairCorr |
| 0.77 | KCAER | Kocaer Celik Sanayi Split | PairCorr |
| 0.75 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.75 | ENKAI | ENKA Insaat ve | PairCorr |
| 0.75 | ADESE | Adese Gayrimenkul Yatirim | PairCorr |
| 0.74 | BMSTL | Bms Birlesik Metal Split | PairCorr |
| 0.74 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.72 | KOZAA | Koza Anadolu Metal | PairCorr |
| 0.7 | GWIND | Galata Wind Enerji | PairCorr |
| 0.69 | ALFAS | Alfas Solar Enerji | PairCorr |
| 0.67 | LKMNH | Lokman Hekim Engurusag | PairCorr |
| 0.63 | SILVR | Silverline Endustri | PairCorr |
| 0.63 | KENT | Kent Gida Maddeleri | PairCorr |
| 0.63 | TRCAS | Turcas Petrol AS | PairCorr |
| 0.59 | AKBNK | Akbank TAS | PairCorr |
| 0.58 | YKBNK | Yapi ve Kredi | PairCorr |
| 0.53 | ISCTR | Turkiye Is Bankasi | PairCorr |
| 0.52 | KCHOL | Koc Holding AS | PairCorr |
| 0.5 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.47 | SAHOL | Haci Omer Sabanci | PairCorr |
| 0.4 | VAKBN | Turkiye Vakiflar Bankasi | PairCorr |
| 0.34 | HALKB | Turkiye Halk Bankasi | PairCorr |
Related Correlations Analysis
| 0.53 | 0.76 | 0.06 | 0.71 | EREGL | ||
| 0.53 | 0.39 | -0.38 | 0.4 | TUPRS | ||
| 0.76 | 0.39 | 0.35 | 0.72 | THYAO | ||
| 0.06 | -0.38 | 0.35 | 0.19 | FROTO | ||
| 0.71 | 0.4 | 0.72 | 0.19 | KCHOL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Burcelik Stock performing well and Burcelik Bursa 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 Burcelik Bursa'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 | 1.41 | 0.00 | (0.01) | 0.04 | 1.62 | 3.19 | 7.76 | |||
| TUPRS | 1.10 | (0.16) | 0.00 | (0.32) | 0.00 | 2.34 | 5.17 | |||
| THYAO | 1.29 | (0.07) | 0.00 | (0.10) | 0.00 | 2.65 | 8.43 | |||
| FROTO | 1.54 | 0.05 | 0.02 | 0.15 | 1.85 | 3.48 | 11.45 | |||
| KCHOL | 1.56 | (0.05) | 0.00 | (0.09) | 0.00 | 3.02 | 7.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Burcelik Bursa 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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Burcelik Bursa Corporate Management
Elected by the shareholders, the Burcelik Bursa's board of directors comprises two types of representatives: Burcelik Bursa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Burcelik. The board's role is to monitor Burcelik Bursa's management team and ensure that shareholders' interests are well served. Burcelik Bursa'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, Burcelik Bursa's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cemsit Erkmen | Independent Member of the Board | Profile | |
| Oktar Kizilsencer | Independent Member of the Board | Profile | |
| Canan MBA | Ex Director | Profile | |
| Renan Komurcuoglu | Member of the Board | Profile | |
| Canan Zihnioglu | Executive Member of the Board | Profile | |
| Meryem Atilgan | Investor Leader | Profile |