Iskenderun Demir Correlations
| ISDMR Stock | TRY 37.00 1.30 3.64% |
The current 90-days correlation between Iskenderun Demir and Koza Anadolu Metal is 0.53 (i.e., Very weak diversification). The correlation of Iskenderun Demir 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.
Iskenderun Demir Correlation With Market
Significant diversification
The correlation between Iskenderun Demir ve and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iskenderun Demir ve and DJI in the same portfolio, assuming nothing else is changed.
Iskenderun |
The ability to find closely correlated positions to Iskenderun Demir could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iskenderun Demir 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 Iskenderun Demir - 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 Iskenderun Demir ve to buy it.
Moving together with Iskenderun Stock
Moving against Iskenderun Stock
Related Correlations Analysis
| 0.03 | 0.52 | 0.04 | -0.17 | -0.27 | KOZAA | ||
| 0.03 | -0.48 | 0.44 | 0.71 | 0.31 | TSPOR | ||
| 0.52 | -0.48 | -0.27 | -0.7 | -0.57 | BMSTL | ||
| 0.04 | 0.44 | -0.27 | 0.25 | -0.02 | AKCNS | ||
| -0.17 | 0.71 | -0.7 | 0.25 | 0.78 | GSRAY | ||
| -0.27 | 0.31 | -0.57 | -0.02 | 0.78 | MEGMT | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Iskenderun Stock performing well and Iskenderun Demir 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 Iskenderun Demir'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KOZAA | 1.93 | 0.23 | 0.09 | 4.45 | 2.66 | 4.03 | 12.13 | |||
| TSPOR | 2.28 | 0.16 | 0.06 | (0.66) | 2.58 | 6.38 | 19.17 | |||
| BMSTL | 1.99 | 0.63 | 0.18 | (1.48) | 2.74 | 5.82 | 19.93 | |||
| AKCNS | 1.79 | 0.00 | 0.01 | (0.06) | 3.04 | 3.45 | 16.30 | |||
| GSRAY | 1.77 | (0.06) | 0.00 | (0.90) | 0.00 | 3.81 | 15.19 | |||
| MEGMT | 1.58 | (0.19) | 0.00 | (0.72) | 0.00 | 3.48 | 16.68 |
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Iskenderun Demir Corporate Management
Elected by the shareholders, the Iskenderun Demir's board of directors comprises two types of representatives: Iskenderun Demir inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Iskenderun. The board's role is to monitor Iskenderun Demir's management team and ensure that shareholders' interests are well served. Iskenderun Demir'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, Iskenderun Demir's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bugra Sener | Assistant Operations | Profile | |
| Emrah Silav | Group Officer | Profile | |
| Aslihan Doger | Deputy Chairman | Profile | |
| Gurtan Damar | Ex Director | Profile | |
| Salih Oral | G Mang | Profile | |
| Mehmet Pehlivan | Ex Purchasing | Profile |