Turkiye Is Correlations

ISBTR Stock

TRY 561,000 29,000 4.92%

The correlation of Turkiye Is 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.

Turkiye Is Correlation With Market

Significant diversification

The correlation between Turkiye Is Bankasi 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 Turkiye Is Bankasi and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	AKBNK	QNBTR	CUSAN	BORLS	ICBCT	KLNMA	KOZAA	GSRAY
AKBNK		0.16	0.77	0.32	0.53	0.43	0.75	0.19	AKBNK
QNBTR	0.16		0.31	-0.58	-0.24	0.83	-0.02	0.47	QNBTR
CUSAN	0.77	0.31		0.19	0.64	0.61	0.85	0.6	CUSAN
BORLS	0.32	-0.58	0.19		0.73	-0.35	0.45	-0.24	BORLS
ICBCT	0.53	-0.24	0.64	0.73		0.06	0.73	0.17	ICBCT
KLNMA	0.43	0.83	0.61	-0.35	0.06		0.26	0.58	KLNMA
KOZAA	0.75	-0.02	0.85	0.45	0.73	0.26		0.42	KOZAA
GSRAY	0.19	0.47	0.6	-0.24	0.17	0.58	0.42		GSRAY
	AKBNK	QNBTR	CUSAN	BORLS	ICBCT	KLNMA	KOZAA	GSRAY

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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

KOZAA	+ 0.85	CUSAN
KLNMA	+ 0.83	QNBTR
CUSAN	+ 0.77	AKBNK
KOZAA	+ 0.75	AKBNK
ICBCT	+ 0.73	BORLS
KOZAA	+ 0.73	ICBCT

High negative correlations

BORLS	- 0.58	QNBTR
KLNMA	- 0.35	BORLS
GSRAY	- 0.24	BORLS
ICBCT	- 0.24	QNBTR
KOZAA	- 0.02	QNBTR

Risk-Adjusted Indicators

There is a big difference between Turkiye Stock performing well and Turkiye Is 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 Turkiye Is' 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
AKBNK	2.29	0.12	0.03	0.27	2.98	(2.32)	5.43	(5.82)	13.11
QNBTR	1.60	(0.38)	0.00	4.28	0.00	0.00	3.61	(3.23)	10.68
CUSAN	1.59	0.05	(0.04)	(0.19)	2.17	(1.59)	4.04	(3.17)	11.54
BORLS	2.18	0.50	0.12	1.14	2.92	(2.23)	4.73	(4.20)	12.52
ICBCT	1.72	0.19	0.05	0.94	1.61	(2.11)	3.58	(2.70)	9.04
KLNMA	1.34	(0.19)	0.00	(2.99)	0.00	0.00	3.12	(2.53)	9.44
KOZAA	2.27	0.18	0.05	0.33	3.03	(2.31)	5.60	(5.03)	15.14
GSRAY	1.65	(0.14)	0.00	(3.35)	0.00	0.00	3.05	(2.86)	11.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in Turkiye Is 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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Turkiye Is Corporate Management

Elected by the shareholders, the Turkiye Is' board of directors comprises two types of representatives: Turkiye Is inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Turkiye. The board's role is to monitor Turkiye Is' management team and ensure that shareholders' interests are well served. Turkiye Is' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Turkiye Is' outside directors are responsible for providing unbiased perspectives on the board's policies.

Suat Sozen	Deputy Exec	Profile
Nese Sozdinler	Head Division	Profile
Ali Unal	Head Division	Profile
Muzaffer Okay	Chairman Inspectors	Profile
Hamit Togay	Head Inspectors	Profile
Yalcin Sezen	Vice General Manager - Marketing, Sales and Product Management of Personal and Private Banking	Profile
Nevzat Seyrek	Deputy Chief Executive	Profile

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