Enerjisa Enerji Correlations

ENJSA Stock  TRY 55.05  3.60  6.14%   
The current 90-days correlation between Enerjisa Enerji AS and Eregli Demir ve is 0.65 (i.e., Poor diversification). The correlation of Enerjisa Enerji 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.

Enerjisa Enerji Correlation With Market

Significant diversification

The correlation between Enerjisa Enerji AS and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enerjisa Enerji AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Enerjisa Enerji could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerjisa Enerji 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 Enerjisa Enerji - 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 Enerjisa Enerji AS to buy it.

Moving together with Enerjisa Stock

  0.84GARAN Turkiye Garanti BankasiPairCorr
  0.74ISCTR Turkiye Is BankasiPairCorr
  0.83AKBNK Akbank TASPairCorr
  0.76YKBNK Yapi ve KrediPairCorr
  0.88SAHOL Haci Omer SabanciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Enerjisa Stock performing well and Enerjisa Enerji 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 Enerjisa Enerji'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Enerjisa Enerji 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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Enerjisa Enerji Corporate Management

Elected by the shareholders, the Enerjisa Enerji's board of directors comprises two types of representatives: Enerjisa Enerji inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enerjisa. The board's role is to monitor Enerjisa Enerji's management team and ensure that shareholders' interests are well served. Enerjisa Enerji'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, Enerjisa Enerji's outside directors are responsible for providing unbiased perspectives on the board's policies.
Micheal MoserChief OfficerProfile
Suleyman SamsaHead UnitProfile
Baris OranBoard MemberProfile
Ilkay DemirdagHead RelationsProfile
Manfred PaaschBoard MemberProfile
Johan MornstamBoard MemberProfile
Murat PinarGeneral Manager - Distribution Business UnitProfile