Deva Holding Correlations
| DEVA Stock | TRY 74.20 0.50 0.67% |
The current 90-days correlation between Deva Holding AS and Alkim Alkali Kimya is 0.38 (i.e., Weak diversification). The correlation of Deva Holding 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.
Deva Holding Correlation With Market
Average diversification
The correlation between Deva Holding AS and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deva Holding AS and DJI in the same portfolio, assuming nothing else is changed.
Deva |
The ability to find closely correlated positions to Deva Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deva Holding 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 Deva Holding - 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 Deva Holding AS to buy it.
Moving together with Deva Stock
| 0.76 | ISFIN | Is Finansal Kiralama | PairCorr |
| 0.63 | AYEN | Ayen Enerji AS | PairCorr |
| 0.76 | DGGYO | Dogus Gayrimenkul Yatirim | PairCorr |
| 0.85 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.81 | GENTS | Gentas Genel Metal | PairCorr |
| 0.73 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.61 | ALFAS | Alfas Solar Enerji | PairCorr |
| 0.64 | ADESE | Adese Gayrimenkul Yatirim | PairCorr |
| 0.81 | MACKO | Mackolik Internet | PairCorr |
| 0.63 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.65 | ALKIM | Alkim Alkali Kimya Split | PairCorr |
| 0.74 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.84 | RYSAS | Reysas Tasimacilik | PairCorr |
| 0.77 | EGEPO | Nasmed Ozel Saglik | PairCorr |
| 0.72 | KUYAS | Kuyas Yatirim AS Split | PairCorr |
| 0.92 | BORLS | Borlease Otomotiv | PairCorr |
| 0.72 | TRCAS | Turcas Petrol AS | PairCorr |
| 0.77 | KCAER | Kocaer Celik Sanayi Split | PairCorr |
| 0.81 | BMSTL | Bms Birlesik Metal Split | PairCorr |
| 0.78 | ENKAI | ENKA Insaat ve | PairCorr |
Moving against Deva Stock
Related Correlations Analysis
| 0.75 | 0.46 | 0.67 | 0.75 | ALKIM | ||
| 0.75 | 0.59 | 0.64 | 0.79 | ECILC | ||
| 0.46 | 0.59 | 0.56 | 0.8 | ARCLK | ||
| 0.67 | 0.64 | 0.56 | 0.73 | BIMAS | ||
| 0.75 | 0.79 | 0.8 | 0.73 | VESTL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Deva Stock performing well and Deva Holding 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 Deva Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALKIM | 1.54 | 0.03 | 0.00 | (0.22) | 1.80 | 3.18 | 10.91 | |||
| ECILC | 1.65 | 0.02 | 0.00 | 0.06 | 2.71 | 3.08 | 10.47 | |||
| ARCLK | 1.54 | (0.03) | 0.00 | (0.03) | 0.00 | 3.04 | 8.38 | |||
| BIMAS | 1.97 | (0.27) | 0.00 | (0.77) | 0.00 | 3.31 | 11.14 | |||
| VESTL | 1.89 | 0.01 | 0.00 | 0.03 | 2.36 | 3.79 | 12.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Deva Holding 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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Deva Holding Corporate Management
Elected by the shareholders, the Deva Holding's board of directors comprises two types of representatives: Deva Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deva. The board's role is to monitor Deva Holding's management team and ensure that shareholders' interests are well served. Deva Holding'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, Deva Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dogan Varinlioglu | Deputy General Manager of Marketing, Sales and Trade | Profile | |
| Mesut etin | Deputy CFO | Profile | |
| Tuncay Akkus | Independent Member of the Board | Profile | |
| Tijen Kavlak | Marketing Director | Profile |