Ihlas Holding Correlations
| IHLAS Stock | TRY 3.42 0.31 9.97% |
The current 90-days correlation between Ihlas Holding AS and Eregli Demir ve is 0.25 (i.e., Modest diversification). The correlation of Ihlas 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.
Ihlas Holding Correlation With Market
Modest diversification
The correlation between Ihlas Holding AS and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ihlas Holding AS and DJI in the same portfolio, assuming nothing else is changed.
Ihlas |
The ability to find closely correlated positions to Ihlas 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 Ihlas 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 Ihlas 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 Ihlas Holding AS to buy it.
Moving together with Ihlas Stock
| 0.66 | AKBNK | Akbank TAS | PairCorr |
| 0.61 | ISCTR | Turkiye Is Bankasi | PairCorr |
| 0.79 | KCHOL | Koc Holding AS | PairCorr |
| 0.65 | YKBNK | Yapi ve Kredi | PairCorr |
| 0.62 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.94 | BMSTL | Bms Birlesik Metal Split | PairCorr |
| 0.65 | GWIND | Galata Wind Enerji | PairCorr |
| 0.89 | RYSAS | Reysas Tasimacilik | PairCorr |
| 0.85 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.83 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.71 | KOZAA | Koza Anadolu Metal | PairCorr |
| 0.85 | KCAER | Kocaer Celik Sanayi Split | PairCorr |
| 0.87 | GENTS | Gentas Genel Metal | PairCorr |
| 0.76 | ENKAI | ENKA Insaat ve | PairCorr |
| 0.96 | MACKO | Mackolik Internet | PairCorr |
| 0.85 | ADESE | Adese Gayrimenkul Yatirim | PairCorr |
| 0.86 | EGEPO | Nasmed Ozel Saglik | PairCorr |
| 0.9 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.85 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.64 | TRCAS | Turcas Petrol AS | PairCorr |
Moving against Ihlas Stock
Related Correlations Analysis
| 0.51 | 0.72 | 0.07 | 0.71 | EREGL | ||
| 0.51 | 0.45 | -0.45 | 0.4 | TUPRS | ||
| 0.72 | 0.45 | 0.29 | 0.71 | THYAO | ||
| 0.07 | -0.45 | 0.29 | 0.17 | FROTO | ||
| 0.71 | 0.4 | 0.71 | 0.17 | KCHOL | ||
| 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 Ihlas Stock performing well and Ihlas 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 Ihlas 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EREGL | 1.42 | 0.02 | 0.00 | 0.07 | 1.64 | 3.19 | 7.76 | |||
| TUPRS | 1.13 | (0.13) | 0.00 | (0.25) | 0.00 | 2.34 | 5.17 | |||
| THYAO | 1.29 | (0.07) | 0.00 | (0.10) | 0.00 | 2.65 | 8.43 | |||
| FROTO | 1.54 | 0.06 | 0.03 | 0.16 | 1.80 | 3.48 | 11.45 | |||
| KCHOL | 1.55 | (0.03) | 0.00 | (0.06) | 0.00 | 3.02 | 7.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ihlas 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?
Run Portfolio Center Now
Portfolio CenterAll portfolio management and optimization tools to improve performance of your portfolios |
| All Next | Launch Module |
Ihlas Holding Corporate Management
Elected by the shareholders, the Ihlas Holding's board of directors comprises two types of representatives: Ihlas Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ihlas. The board's role is to monitor Ihlas Holding's management team and ensure that shareholders' interests are well served. Ihlas 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, Ihlas Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erol Doganer | Deputy Purchasing | Profile | |
| Bulent Gencer | Non-Executive Member of the Board | Profile | |
| Selim Duzgun | Vice General Manager - Human Resources and Organizational Development | Profile | |
| Muslim Sakal | Independent Member of the Board | Profile | |
| Mehmet Karakebelioglu | Accounting Director | Profile | |
| Nuh Albayrak | Editor Newspaper | Profile |