Kardemir Karabuk Correlations

KRDMB Stock

TRY 24.00 0.10 0.41%

The current 90-days correlation between Kardemir Karabuk Demir and Borusan Yatirim ve is 0.17 (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 Karabuk Correlation With Market

Significant diversification

The correlation between Kardemir Karabuk Demir and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kardemir Karabuk Demir and DJI in the same portfolio, assuming nothing else is changed.

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

0.87	ISDMR	Iskenderun Demir	Pair Corr
0.74	BRYAT	Borusan Yatirim ve	Pair Corr
0.98	KRDMA	Kardemir Karabuk Demir	Pair Corr
0.87	KRDMD	Kardemir Karabuk Demir	Pair Corr
0.89	NUHCM	Nuh Cimento Sanayi	Pair Corr
0.68	TBORG	Turk Tuborg Bira	Pair Corr
0.93	RYSAS	Reysas Tasimacilik	Pair Corr
0.92	GENTS	Gentas Genel Metal	Pair Corr
0.65	KCHOL	Koc Holding AS	Pair Corr
0.75	GWIND	Galata Wind Enerji	Pair Corr
0.79	EKGYO	Emlak Konut Gayrimenkul	Pair Corr
0.71	TRCAS	Turcas Petrol AS	Pair Corr
0.87	GLBMD	Global Menkul Degerler	Pair Corr
0.92	MACKO	Mackolik Internet	Pair Corr
0.75	ENKAI	ENKA Insaat ve	Pair Corr
0.66	KOZAA	Koza Anadolu Metal	Pair Corr
0.86	PENGD	Penguen Gida Sanayi	Pair Corr
0.91	BMSTL	Bms Birlesik Metal Split	Pair Corr
0.84	PLTUR	Platform Turizm Tasi	Pair Corr
0.78	ADESE	Adese Gayrimenkul Yatirim	Pair Corr

Related Correlations Analysis

	EREGL	ISDMR	BRYAT	KRDMA	KRDMB	KRDMD	BRSAN	IZMDC	CEMTS	YKSLN
EREGL		0.73	0.61	0.55	0.6	0.77	0.02	0.56	0.71	0.32	EREGL
ISDMR	0.73		0.69	0.84	0.87	0.86	-0.08	0.66	0.57	-0.03	ISDMR
BRYAT	0.61	0.69		0.77	0.74	0.61	0.36	0.55	0.76	0.01	BRYAT
KRDMA	0.55	0.84	0.77		0.98	0.83	-0.1	0.33	0.5	-0.34	KRDMA
KRDMB	0.6	0.87	0.74	0.98		0.87	-0.11	0.39	0.53	-0.29	KRDMB
KRDMD	0.77	0.86	0.61	0.83	0.87		-0.2	0.51	0.56	0.04	KRDMD
BRSAN	0.02	-0.08	0.36	-0.1	-0.11	-0.2		0.4	0.31	0.3	BRSAN
IZMDC	0.56	0.66	0.55	0.33	0.39	0.51	0.4		0.65	0.49	IZMDC
CEMTS	0.71	0.57	0.76	0.5	0.53	0.56	0.31	0.65		0.42	CEMTS
YKSLN	0.32	-0.03	0.01	-0.34	-0.29	0.04	0.3	0.49	0.42		YKSLN
	EREGL	ISDMR	BRYAT	KRDMA	KRDMB	KRDMD	BRSAN	IZMDC	CEMTS	YKSLN

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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

KRDMB	+ 0.98	KRDMA
KRDMB	+ 0.87	ISDMR
KRDMD	+ 0.87	KRDMB
KRDMD	+ 0.86	ISDMR
KRDMA	+ 0.84	ISDMR
KRDMD	+ 0.83	KRDMA

High negative correlations

YKSLN	- 0.34	KRDMA
YKSLN	- 0.29	KRDMB
BRSAN	- 0.2	KRDMD
BRSAN	- 0.11	KRDMB
BRSAN	- 0.1	KRDMA
BRSAN	- 0.08	ISDMR

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	(1.60)	3.19	(2.92)	7.76
ISDMR	1.47	0.23	0.13	0.92	1.38	(1.70)	3.69	(2.32)	11.96
BRYAT	1.90	0.08	0.03	0.18	2.32	(1.90)	3.85	(3.74)	8.70
KRDMA	2.22	0.77	0.32	(55.84)	1.67	(2.56)	5.65	(3.27)	14.79
KRDMB	1.89	0.55	0.24	13.62	1.77	(2.17)	4.93	(3.67)	14.93
KRDMD	1.93	0.18	0.07	0.34	2.32	(1.97)	4.03	(3.72)	10.84
BRSAN	1.88	(0.22)	0.00	(1.11)	0.00	0.00	3.52	(4.07)	15.73
IZMDC	1.49	0.04	0.01	0.14	2.01	(1.46)	3.47	(3.60)	13.93
CEMTS	1.22	(0.12)	0.00	(0.29)	0.00	0.00	2.53	(2.97)	5.81
YKSLN	1.82	(0.20)	0.00	(0.84)	0.00	0.00	3.31	(4.34)	10.46

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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.

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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.

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