Kardemir Karabuk Correlations
| KRDMA Stock | TRY 28.40 1.60 5.33% |
The current 90-days correlation between Kardemir Karabuk Demir and Borusan Yatirim ve is 0.15 (i.e., Average diversification). The correlation of Kardemir Karabuk 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.
Kardemir |
The ability to find closely correlated positions to Kardemir Karabuk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kardemir Karabuk 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 Kardemir Karabuk - 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 Kardemir Karabuk Demir to buy it.
Moving together with Kardemir Stock
| 0.84 | ISDMR | Iskenderun Demir | PairCorr |
| 0.77 | BRYAT | Borusan Yatirim ve | PairCorr |
| 0.98 | KRDMB | Kardemir Karabuk Demir | PairCorr |
| 0.83 | KRDMD | Kardemir Karabuk Demir | PairCorr |
| 0.89 | NUHCM | Nuh Cimento Sanayi | PairCorr |
| 0.65 | TBORG | Turk Tuborg Bira | PairCorr |
| 0.93 | RYSAS | Reysas Tasimacilik | PairCorr |
| 0.91 | GENTS | Gentas Genel Metal | PairCorr |
| 0.66 | KCHOL | Koc Holding AS | PairCorr |
| 0.74 | GWIND | Galata Wind Enerji | PairCorr |
| 0.78 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.69 | TRCAS | Turcas Petrol AS | PairCorr |
| 0.85 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.93 | MACKO | Mackolik Internet | PairCorr |
| 0.77 | ENKAI | ENKA Insaat ve | PairCorr |
| 0.63 | KOZAA | Koza Anadolu Metal | PairCorr |
| 0.83 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.91 | BMSTL | Bms Birlesik Metal Split | PairCorr |
| 0.84 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.79 | ADESE | Adese Gayrimenkul Yatirim | PairCorr |
Moving against Kardemir Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Kardemir Stock performing well and Kardemir Karabuk 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 Kardemir Karabuk'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 | |||
| ISDMR | 1.47 | 0.23 | 0.13 | 0.92 | 1.38 | 3.69 | 11.96 | |||
| BRYAT | 1.90 | 0.08 | 0.03 | 0.18 | 2.32 | 3.85 | 8.70 | |||
| KRDMA | 2.22 | 0.77 | 0.32 | (55.84) | 1.67 | 5.65 | 14.79 | |||
| KRDMB | 1.89 | 0.55 | 0.24 | 13.62 | 1.77 | 4.93 | 14.93 | |||
| KRDMD | 1.93 | 0.18 | 0.07 | 0.34 | 2.32 | 4.03 | 10.84 | |||
| BRSAN | 1.88 | (0.22) | 0.00 | (1.11) | 0.00 | 3.52 | 15.73 | |||
| IZMDC | 1.49 | 0.04 | 0.01 | 0.14 | 2.01 | 3.47 | 13.93 | |||
| CEMTS | 1.22 | (0.12) | 0.00 | (0.29) | 0.00 | 2.53 | 5.81 | |||
| YKSLN | 1.82 | (0.20) | 0.00 | (0.84) | 0.00 | 3.31 | 10.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kardemir Karabuk 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?
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Kardemir Karabuk Corporate Management
Elected by the shareholders, the Kardemir Karabuk's board of directors comprises two types of representatives: Kardemir Karabuk inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kardemir. The board's role is to monitor Kardemir Karabuk's management team and ensure that shareholders' interests are well served. Kardemir Karabuk'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, Kardemir Karabuk's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mehmet Nalcabasmaz | Deputy Investments | Profile | |
| Arslan Narin | Deputy Law | Profile | |
| Yusuf Demirtas | Ex Marketing | Profile | |
| Furkan nal | Deputy EVP | Profile | |
| Burcay Yavuz | Investor Relations Manager | Profile |