Nasmed Ozel Correlations

EGEPO Stock

26.30 0.82 3.02%

The current 90-days correlation between Nasmed Ozel Saglik and SASA Polyester Sanayi is -0.08 (i.e., Good diversification). The correlation of Nasmed Ozel 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.

Nasmed Ozel Correlation With Market

Good diversification

The correlation between Nasmed Ozel Saglik and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasmed Ozel Saglik and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Nasmed Stock

0.73	THYAO	Turkish Airlines	Pair Corr
0.72	KCHOL	Koc Holding AS	Pair Corr
0.72	ENKAI	ENKA Insaat ve	Pair Corr
0.72	EREGL	Eregli Demir ve Split	Pair Corr
0.83	ASELS	Aselsan Elektronik Sanayi	Pair Corr
0.65	ISCTR	Turkiye Is Bankasi	Pair Corr
0.66	GARAN	Turkiye Garanti Bankasi	Pair Corr
0.71	AKBNK	Akbank TAS	Pair Corr
0.69	YKBNK	Yapi ve Kredi	Pair Corr
0.78	KOZAA	Koza Anadolu Metal	Pair Corr
0.9	GENTS	Gentas Genel Metal	Pair Corr
0.61	SILVR	Silverline Endustri	Pair Corr

Related Correlations Analysis

	SASA	THYAO	KCHOL	FROTO	ENKAI	TUPRS	EREGL	ASELS
SASA		0.7	0.74	-0.29	0.14	0.77	0.63	0.22	SASA
THYAO	0.7		0.71	0.29	0.66	0.45	0.72	0.64	THYAO
KCHOL	0.74	0.71		0.17	0.49	0.4	0.71	0.61	KCHOL
FROTO	-0.29	0.29	0.17		0.76	-0.45	0.07	0.64	FROTO
ENKAI	0.14	0.66	0.49	0.76		-0.2	0.51	0.91	ENKAI
TUPRS	0.77	0.45	0.4	-0.45	-0.2		0.51	-0.19	TUPRS
EREGL	0.63	0.72	0.71	0.07	0.51	0.51		0.53	EREGL
ASELS	0.22	0.64	0.61	0.64	0.91	-0.19	0.53		ASELS
	SASA	THYAO	KCHOL	FROTO	ENKAI	TUPRS	EREGL	ASELS

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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

ASELS	+ 0.91	ENKAI
TUPRS	+ 0.77	SASA
ENKAI	+ 0.76	FROTO
KCHOL	+ 0.74	SASA
EREGL	+ 0.72	THYAO
KCHOL	+ 0.71	THYAO

High negative correlations

TUPRS	- 0.45	FROTO
FROTO	- 0.29	SASA
TUPRS	- 0.2	ENKAI
ASELS	- 0.19	TUPRS

Risk-Adjusted Indicators

There is a big difference between Nasmed Stock performing well and Nasmed Ozel 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 Nasmed Ozel'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
SASA	1.72	(0.10)	0.00	(0.17)	0.00	0.00	3.48	(3.48)	10.13
THYAO	1.29	(0.07)	0.00	(0.10)	0.00	0.00	2.65	(2.55)	8.43
KCHOL	1.55	(0.03)	0.00	(0.06)	0.00	0.00	3.02	(3.02)	7.98
FROTO	1.54	0.06	0.03	0.16	1.80	(1.83)	3.48	(3.31)	11.45
ENKAI	1.98	0.07	0.02	0.22	2.35	(2.07)	4.75	(3.81)	13.49
TUPRS	1.13	(0.13)	0.00	(0.25)	0.00	0.00	2.34	(2.08)	5.17
EREGL	1.42	0.02	0.00	0.07	1.64	(1.60)	3.19	(2.92)	7.76
ASELS	1.62	0.28	0.13	(2.16)	1.61	(1.90)	4.55	(3.11)	9.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nasmed Ozel 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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