Commercial International Correlations

CIBEY Stock

USD 1.51 0.04 2.58%

The current 90-days correlation between Commercial International and Turkiye Garanti Bankasi is 0.11 (i.e., Average diversification). The correlation of Commercial International 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Commercial International Correlation With Market

Average diversification

The correlation between Commercial International Bank and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commercial International Bank and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Commercial OTC Stock

0.64	HDB	HDFC Bank Limited	Pair Corr
0.62	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.61	T	ATT Inc Sell-off Trend	Pair Corr

Moving against Commercial OTC Stock

0.61	PBCRF	PT Bank Central	Pair Corr
0.54	PBCRY	Bank Central Asia	Pair Corr
0.47	PANL	Pangaea Logistic	Pair Corr
0.42	KB	KB Financial Group	Pair Corr
0.37	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.34	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.34	BKRKY	Bank Rakyat Normal Trading	Pair Corr
0.5	HPQ	HP Inc	Pair Corr
0.39	AA	Alcoa Corp	Pair Corr
0.36	MSFT	Microsoft	Pair Corr
0.35	BAC	Bank of America	Pair Corr
0.34	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	PPERY	TKGBY	BHKLY	HSNGY	KPCPY	AKBTY	PBCRF	BKRKF	ILPMY	JPPHY
PPERY		0.28	-0.81	-0.84	0.33	0.04	0.75	0.23	-0.13	-0.32	PPERY
TKGBY	0.28		-0.29	-0.18	-0.4	0.78	0.5	0.08	0.11	-0.7	TKGBY
BHKLY	-0.81	-0.29		0.91	-0.3	-0.02	-0.78	-0.37	0.16	0.51	BHKLY
HSNGY	-0.84	-0.18	0.91		-0.28	0.04	-0.76	-0.28	0.26	0.35	HSNGY
KPCPY	0.33	-0.4	-0.3	-0.28		-0.52	0.09	0.05	-0.06	0.24	KPCPY
AKBTY	0.04	0.78	-0.02	0.04	-0.52		0.26	-0.01	0.03	-0.73	AKBTY
PBCRF	0.75	0.5	-0.78	-0.76	0.09	0.26		0.26	-0.17	-0.58	PBCRF
BKRKF	0.23	0.08	-0.37	-0.28	0.05	-0.01	0.26		-0.09	-0.31	BKRKF
ILPMY	-0.13	0.11	0.16	0.26	-0.06	0.03	-0.17	-0.09		0.04	ILPMY
JPPHY	-0.32	-0.7	0.51	0.35	0.24	-0.73	-0.58	-0.31	0.04		JPPHY
	PPERY	TKGBY	BHKLY	HSNGY	KPCPY	AKBTY	PBCRF	BKRKF	ILPMY	JPPHY

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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

HSNGY	+ 0.91	BHKLY
AKBTY	+ 0.78	TKGBY
PBCRF	+ 0.75	PPERY
JPPHY	+ 0.51	BHKLY
PBCRF	+ 0.5	TKGBY
JPPHY	+ 0.35	HSNGY

High negative correlations

HSNGY	- 0.84	PPERY
BHKLY	- 0.81	PPERY
PBCRF	- 0.78	BHKLY
PBCRF	- 0.76	HSNGY
JPPHY	- 0.73	AKBTY
JPPHY	- 0.7	TKGBY

Risk-Adjusted Indicators

There is a big difference between Commercial OTC Stock performing well and Commercial International OTC Stock 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 Commercial International'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
PPERY	2.04	(0.11)	0.00	(0.21)	0.00	0.00	4.95	(5.01)	13.63
TKGBY	2.37	(0.07)	0.00	(0.13)	0.00	0.00	4.34	(6.61)	21.28
BHKLY	1.27	0.34	0.34	(0.93)	0.87	(1.56)	2.98	(1.71)	7.13
HSNGY	1.38	0.27	0.19	2.31	1.42	(1.50)	3.63	(1.91)	9.62
KPCPY	3.15	0.16	0.04	0.05	3.19	(3.80)	6.57	(5.28)	15.96
AKBTY	3.32	(0.24)	0.00	0.38	0.00	0.00	5.47	(6.27)	23.78
PBCRF	3.32	(0.08)	0.00	(0.18)	0.00	0.00	7.84	(7.69)	30.94
BKRKF	5.37	0.04	0.01	(0.07)	7.43	(11.98)	15.00	(20.00)	61.36
ILPMY	1.38	0.41	0.00	1.36	0.00	0.00	6.25	(1.73)	25.48
JPPHY	0.75	0.21	0.00	0.34	0.00	0.00	1.15	(0.59)	14.98

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Our tools can tell you how much better you can do entering a position in Commercial International 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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Commercial International Corporate Management

Elected by the shareholders, the Commercial International's board of directors comprises two types of representatives: Commercial International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Commercial. The board's role is to monitor Commercial International's management team and ensure that shareholders' interests are well served. Commercial International'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, Commercial International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Talha Karim	Chief Officer	Profile
Mohamed Sultan	Chief Officer	Profile
Yasmine Hemeda	Head Relations	Profile
Nelly Zeneiny	IR Officer	Profile
Amr ElGanainy	Chief Banking	Profile

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