| INDES Stock | | | TRY 7.33 0.11 1.48% |
The current 90-days correlation between Indeks Bilgisayar and Tekfen Holding AS is 0.21 (i.e., Modest diversification). The correlation of Indeks Bilgisayar 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.
Indeks Bilgisayar Correlation With Market
Average diversification
The correlation between Indeks Bilgisayar Sistemleri and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Indeks Bilgisayar Sistemleri and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Indeks Bilgisayar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Indeks Bilgisayar 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 Indeks Bilgisayar - 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 Indeks Bilgisayar Sistemleri to buy it.
Moving together with Indeks Stock
Related Correlations Analysis
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 | AKSA | | TOASO | | AKSA | | TKFEN | | VESBE | | TOASO | | VESBE | | AKSA |
| | High negative correlations |
Risk-Adjusted IndicatorsThere is a big difference between Indeks Stock performing well and Indeks Bilgisayar 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 Indeks Bilgisayar'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.
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