Enerjisa Enerji Correlations
| ENJSA Stock | TRY 58.05 1.15 1.94% |
The current 90-days correlation between Enerjisa Enerji AS and Eregli Demir ve is -0.05 (i.e., Good 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 0.09 (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.
Enerjisa |
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 against Enerjisa Stock
Related Correlations Analysis
| 0.82 | -0.48 | 0.79 | -0.18 | EREGL | ||
| 0.82 | -0.31 | 0.7 | -0.05 | SISE | ||
| -0.48 | -0.31 | -0.22 | 0.46 | TOASO | ||
| 0.79 | 0.7 | -0.22 | -0.06 | FROTO | ||
| -0.18 | -0.05 | 0.46 | -0.06 | SAHOL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EREGL | 1.21 | (0.17) | 0.00 | (0.32) | 0.00 | 2.73 | 7.80 | |||
| SISE | 1.21 | (0.19) | 0.00 | (5.03) | 0.00 | 2.06 | 6.74 | |||
| TOASO | 1.82 | 0.00 | 0.01 | (0.03) | 2.03 | 3.46 | 10.80 | |||
| FROTO | 0.99 | (0.15) | 0.00 | (0.43) | 0.00 | 1.90 | 7.97 | |||
| SAHOL | 1.79 | 0.14 | 0.07 | 0.26 | 1.99 | 3.78 | 9.09 |
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.Did you try this?
Run Fundamentals Comparison Now
Fundamentals ComparisonCompare fundamentals across multiple equities to find investing opportunities |
| All Next | Launch Module |
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 Moser | Chief Officer | Profile | |
| Suleyman Samsa | Head Unit | Profile | |
| Baris Oran | Board Member | Profile | |
| Ilkay Demirdag | Head Relations | Profile | |
| Manfred Paasch | Board Member | Profile | |
| Johan Mornstam | Board Member | Profile | |
| Murat Pinar | General Manager - Distribution Business Unit | Profile |