CEO Event Correlations

CEOEM Stock

28.98 1.04 3.46%

The current 90-days correlation between CEO Event Medya and Prizma Pres Matbaacilik is 0.35 (i.e., Weak diversification). The correlation of CEO Event 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.

CEO Event Correlation With Market

Significant diversification

The correlation between CEO Event Medya and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CEO Event Medya and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CEO Stock

0.62

PRZMA

Prizma Pres Matbaacilik Split

Pair Corr

Moving against CEO Stock

0.82	KCHOL	Koc Holding AS	Pair Corr
0.8	KOZAA	Koza Anadolu Metal	Pair Corr
0.78	GENTS	Gentas Genel Metal	Pair Corr
0.66	ISCTR	Turkiye Is Bankasi	Pair Corr
0.66	YKBNK	Yapi ve Kredi	Pair Corr
0.62	AKBNK	Akbank TAS	Pair Corr
0.52	GARAN	Turkiye Garanti Bankasi	Pair Corr
0.51	SILVR	Silverline Endustri	Pair Corr

Related Correlations Analysis

	CEOEM	PRZMA	DGGYO	IZENR	LOGO	KENT	BJKAS	EUYO	YUNSA
CEOEM		0.62	-0.86	-0.45	-0.64	-0.29	0.38	0.12	-0.16	CEOEM
PRZMA	0.62		-0.5	-0.06	-0.41	-0.26	0.16	-0.01	-0.14	PRZMA
DGGYO	-0.86	-0.5		0.51	0.79	0.05	-0.6	-0.35	-0.04	DGGYO
IZENR	-0.45	-0.06	0.51		0.58	0.14	-0.32	-0.12	0.29	IZENR
LOGO	-0.64	-0.41	0.79	0.58		-0.23	-0.75	-0.44	-0.12	LOGO
KENT	-0.29	-0.26	0.05	0.14	-0.23		0.57	0.49	0.74	KENT
BJKAS	0.38	0.16	-0.6	-0.32	-0.75	0.57		0.68	0.66	BJKAS
EUYO	0.12	-0.01	-0.35	-0.12	-0.44	0.49	0.68		0.56	EUYO
YUNSA	-0.16	-0.14	-0.04	0.29	-0.12	0.74	0.66	0.56		YUNSA
	CEOEM	PRZMA	DGGYO	IZENR	LOGO	KENT	BJKAS	EUYO	YUNSA

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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

LOGO	+ 0.79	DGGYO
YUNSA	+ 0.74	KENT
EUYO	+ 0.68	BJKAS
YUNSA	+ 0.66	BJKAS
PRZMA	+ 0.62	CEOEM
LOGO	+ 0.58	IZENR

High negative correlations

DGGYO	- 0.86	CEOEM
BJKAS	- 0.75	LOGO
LOGO	- 0.64	CEOEM
BJKAS	- 0.6	DGGYO
DGGYO	- 0.5	PRZMA
IZENR	- 0.45	CEOEM

Risk-Adjusted Indicators

There is a big difference between CEO Stock performing well and CEO Event 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 CEO Event'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
CEOEM	3.62	(0.63)	0.00	(1.24)	0.00	0.00	9.76	(9.96)	19.96
PRZMA	2.57	(0.52)	0.00	(1.84)	0.00	0.00	4.22	(6.09)	16.46
DGGYO	2.53	0.61	0.19	(2.90)	2.26	(3.17)	6.48	(4.28)	17.28
IZENR	2.00	0.18	0.03	(24.47)	2.60	(2.32)	6.54	(4.47)	18.06
LOGO	2.05	0.29	0.11	0.78	1.98	(2.39)	4.49	(3.73)	10.87
KENT	2.52	0.23	0.03	(0.47)	2.41	(3.17)	9.74	(4.15)	13.10
BJKAS	1.93	(0.63)	0.00	(3.19)	0.00	0.00	2.57	(3.88)	10.70
EUYO	1.95	(0.21)	0.00	(0.52)	0.00	0.00	3.96	(3.89)	11.70
YUNSA	1.64	(0.15)	0.00	(0.62)	0.00	0.00	2.72	(3.33)	9.87

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