Cimentas Izmir Correlations

CMENT Stock

TRY 370.00 1.75 0.47%

The current 90-days correlation between Cimentas Izmir Cimento and Koza Anadolu Metal is 0.13 (i.e., Average diversification). The correlation of Cimentas Izmir 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.

Cimentas Izmir Correlation With Market

Significant diversification

The correlation between Cimentas Izmir Cimento 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 Cimentas Izmir Cimento and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cimentas Stock

0.88	VESTL	Vestel Elektronik Sanayi	Pair Corr
0.76	EREGL	Eregli Demir ve	Pair Corr
0.86	ISDMR	Iskenderun Demir	Pair Corr
0.85	TBORG	Turk Tuborg Bira	Pair Corr
0.88	PSDTC	Pergamon Status Dis	Pair Corr

Moving against Cimentas Stock

0.67	TTKOM	Turk Telekomunikasyon	Pair Corr
0.65	CRDFA	Creditwest Faktoring	Pair Corr

Related Correlations Analysis

	QNBTR	AKBNK	BMSTL	KOZAA	GENTS	SILVR	AKCNS
QNBTR		0.03	-0.39	-0.35	-0.46	0.67	-0.49	QNBTR
AKBNK	0.03		0.36	0.37	0.48	-0.36	0.27	AKBNK
BMSTL	-0.39	0.36		0.11	0.66	-0.73	0.14	BMSTL
KOZAA	-0.35	0.37	0.11		0.44	-0.25	0.32	KOZAA
GENTS	-0.46	0.48	0.66	0.44		-0.82	0.38	GENTS
SILVR	0.67	-0.36	-0.73	-0.25	-0.82		-0.42	SILVR
AKCNS	-0.49	0.27	0.14	0.32	0.38	-0.42		AKCNS
	QNBTR	AKBNK	BMSTL	KOZAA	GENTS	SILVR	AKCNS

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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

SILVR	+ 0.67	QNBTR
GENTS	+ 0.66	BMSTL
GENTS	+ 0.48	AKBNK
GENTS	+ 0.44	KOZAA
AKCNS	+ 0.38	GENTS
KOZAA	+ 0.37	AKBNK

High negative correlations

SILVR	- 0.82	GENTS
SILVR	- 0.73	BMSTL
AKCNS	- 0.49	QNBTR
GENTS	- 0.46	QNBTR
AKCNS	- 0.42	SILVR
BMSTL	- 0.39	QNBTR

Risk-Adjusted Indicators

There is a big difference between Cimentas Stock performing well and Cimentas Izmir 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 Cimentas Izmir'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
QNBTR	1.63	0.04	0.03	(0.43)	1.66	(2.29)	4.28	(3.13)	13.10
AKBNK	1.53	0.21	0.13	0.27	1.44	(1.83)	2.98	(2.48)	11.04
BMSTL	1.79	0.50	0.18	2.79	2.24	(2.24)	5.12	(1.77)	19.93
KOZAA	1.77	0.00	0.00	(0.03)	0.00	0.00	3.88	(4.12)	12.13
GENTS	2.35	0.57	0.27	(0.69)	2.02	(3.02)	5.83	(3.41)	14.46
SILVR	1.29	(0.20)	0.00	(0.48)	0.00	0.00	3.30	(2.46)	8.10
AKCNS	1.86	0.11	0.04	0.19	2.65	(1.86)	3.45	(3.15)	19.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cimentas Izmir 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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Cimentas Izmir Corporate Management

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

Ali zgrman	Chief Officer	Profile
Ismail zinn	Head Export	Profile
Vedat zer	Accounting Director	Profile
Taner Ayka	Chief Officer	Profile
Kayhan Karabayir	Legal Affairs and Investor Affairs Manager	Profile

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