Escort Teknoloji Correlations

ESCOM Stock

TRY 2.48 0.03 1.22%

The current 90-days correlation between Escort Teknoloji Yatirim and Turkiye Garanti Bankasi is 0.47 (i.e., Very weak diversification). The correlation of Escort Teknoloji 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.

Escort Teknoloji Correlation With Market

Significant diversification

The correlation between Escort Teknoloji Yatirim and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Escort Teknoloji Yatirim and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Escort Stock

0.8	MANAS	Manas Enerji Yonetimi	Pair Corr
0.74	GIPTA	Gipta Ofis Kirtasiye	Pair Corr
0.54	THYAO	Turkish Airlines	Pair Corr

Related Correlations Analysis

	GARAN	YKBNK	AKBNK	ISCTR	ISBTR	VAKBN	KCHOL	HALKB	SAHOL
GARAN		0.85	0.92	0.87	0.11	0.71	0.32	0.34	0.91	GARAN
YKBNK	0.85		0.82	0.68	0.23	0.54	0.6	0.05	0.86	YKBNK
AKBNK	0.92	0.82		0.94	0.08	0.75	0.2	0.4	0.87	AKBNK
ISCTR	0.87	0.68	0.94		-0.04	0.79	0.04	0.55	0.79	ISCTR
ISBTR	0.11	0.23	0.08	-0.04		0.23	-0.06	-0.09	0.09	ISBTR
VAKBN	0.71	0.54	0.75	0.79	0.23		-0.1	0.78	0.59	VAKBN
KCHOL	0.32	0.6	0.2	0.04	-0.06	-0.1		-0.28	0.37	KCHOL
HALKB	0.34	0.05	0.4	0.55	-0.09	0.78	-0.28		0.17	HALKB
SAHOL	0.91	0.86	0.87	0.79	0.09	0.59	0.37	0.17		SAHOL
	GARAN	YKBNK	AKBNK	ISCTR	ISBTR	VAKBN	KCHOL	HALKB	SAHOL

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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

ISCTR	+ 0.94	AKBNK
AKBNK	+ 0.92	GARAN
SAHOL	+ 0.91	GARAN
ISCTR	+ 0.87	GARAN
SAHOL	+ 0.87	AKBNK
SAHOL	+ 0.86	YKBNK

High negative correlations

HALKB	- 0.28	KCHOL
KCHOL	- 0.1	VAKBN
HALKB	- 0.09	ISBTR
KCHOL	- 0.06	ISBTR
ISBTR	- 0.04	ISCTR

Risk-Adjusted Indicators

There is a big difference between Escort Stock performing well and Escort Teknoloji 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 Escort Teknoloji'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
GARAN	1.93	(0.06)	0.00	(0.26)	0.00	0.00	5.05	(3.27)	16.82
YKBNK	2.07	(0.17)	0.00	(15.04)	0.00	0.00	4.75	(5.21)	18.37
AKBNK	1.99	(0.10)	0.00	2.93	0.00	0.00	3.62	(3.06)	18.44
ISCTR	1.86	0.00	0.00	(0.05)	3.19	(1.87)	4.61	(3.60)	15.06
ISBTR	1.18	(0.04)	0.00	(0.33)	0.00	0.00	3.03	(3.62)	8.75
VAKBN	1.98	0.11	0.03	0.41	2.97	(1.98)	3.96	(4.94)	14.90
KCHOL	1.76	(0.10)	0.00	(15.85)	0.00	0.00	4.80	(3.78)	16.32
HALKB	2.03	0.47	0.14	4.72	2.95	(2.19)	4.27	(3.75)	16.10
SAHOL	2.10	(0.14)	0.00	1.59	0.00	0.00	3.85	(4.20)	14.76

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Our tools can tell you how much better you can do entering a position in Escort Teknoloji 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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