Platform Turizm Correlations

PLTUR Stock

31.10 0.30 0.97%

The current 90-days correlation between Platform Turizm Tasi and Beyaz Filo Oto is 0.04 (i.e., Significant diversification). The correlation of Platform Turizm 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.

Platform Turizm Correlation With Market

Good diversification

The correlation between Platform Turizm Tasimacilik and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Platform Turizm Tasimacilik and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Platform Stock

0.76	UFUK	Ufuk Yatirim Yonetim	Pair Corr
0.82	BEYAZ	Beyaz Filo Oto	Pair Corr
0.69	VAKFN	Vakif Finansal Kiralama	Pair Corr
0.92	PENGD	Penguen Gida Sanayi	Pair Corr
0.82	GWIND	Galata Wind Enerji	Pair Corr
0.75	GARAN	Turkiye Garanti Bankasi	Pair Corr
0.89	GENTS	Gentas Genel Metal	Pair Corr
0.9	MACKO	Mackolik Internet	Pair Corr
0.79	KCHOL	Koc Holding AS	Pair Corr
0.81	AKBNK	Akbank TAS	Pair Corr
0.67	ENKAI	ENKA Insaat ve	Pair Corr
0.92	EKGYO	Emlak Konut Gayrimenkul	Pair Corr
0.79	KOZAA	Koza Anadolu Metal	Pair Corr
0.77	TRCAS	Turcas Petrol AS	Pair Corr
0.86	GLBMD	Global Menkul Degerler	Pair Corr
0.83	ADESE	Adese Gayrimenkul Yatirim	Pair Corr
0.87	BMSTL	Bms Birlesik Metal Split	Pair Corr
0.74	LKMNH	Lokman Hekim Engurusag	Pair Corr
0.88	KCAER	Kocaer Celik Sanayi Split	Pair Corr
0.91	EGEPO	Nasmed Ozel Saglik	Pair Corr
0.86	RYSAS	Reysas Tasimacilik	Pair Corr

Related Correlations Analysis

	BEYAZ	DGGYO	IZENR	LOGO	PRZMA	KENT	BJKAS	EUYO	YUNSA	YATAS
BEYAZ		0.81	0.49	0.56	-0.49	0.62	-0.22	0.37	0.46	0.75	BEYAZ
DGGYO	0.81		0.55	0.81	-0.62	0.46	-0.56	0.08	0.3	0.66	DGGYO
IZENR	0.49	0.55		0.63	-0.19	0.28	-0.42	0.05	0.46	0.28	IZENR
LOGO	0.56	0.81	0.63		-0.54	0.27	-0.74	-0.07	0.24	0.42	LOGO
PRZMA	-0.49	-0.62	-0.19	-0.54		-0.65	0.26	-0.38	-0.28	-0.6	PRZMA
KENT	0.62	0.46	0.28	0.27	-0.65		0.08	0.58	0.51	0.59	KENT
BJKAS	-0.22	-0.56	-0.42	-0.74	0.26	0.08		0.28	0.34	0.08	BJKAS
EUYO	0.37	0.08	0.05	-0.07	-0.38	0.58	0.28		0.31	0.31	EUYO
YUNSA	0.46	0.3	0.46	0.24	-0.28	0.51	0.34	0.31		0.71	YUNSA
YATAS	0.75	0.66	0.28	0.42	-0.6	0.59	0.08	0.31	0.71		YATAS
	BEYAZ	DGGYO	IZENR	LOGO	PRZMA	KENT	BJKAS	EUYO	YUNSA	YATAS

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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

DGGYO	+ 0.81	BEYAZ
LOGO	+ 0.81	DGGYO
YATAS	+ 0.75	BEYAZ
YATAS	+ 0.71	YUNSA
YATAS	+ 0.66	DGGYO
LOGO	+ 0.63	IZENR

High negative correlations

BJKAS	- 0.74	LOGO
KENT	- 0.65	PRZMA
PRZMA	- 0.62	DGGYO
YATAS	- 0.6	PRZMA
BJKAS	- 0.56	DGGYO
PRZMA	- 0.54	LOGO

Risk-Adjusted Indicators

There is a big difference between Platform Stock performing well and Platform Turizm 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 Platform Turizm'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
BEYAZ	2.12	0.21	0.06	(0.28)	2.70	(2.20)	3.85	(3.92)	15.33
DGGYO	2.31	0.38	0.15	(1.78)	2.25	(2.92)	6.28	(4.28)	14.92
IZENR	1.85	0.09	0.02	1.83	2.53	(2.07)	4.76	(4.47)	18.06
LOGO	2.10	0.18	0.07	0.38	2.36	(2.37)	4.49	(4.04)	13.05
PRZMA	2.54	(0.58)	0.00	(2.13)	0.00	0.00	4.22	(6.09)	16.46
KENT	2.77	0.17	0.05	(0.22)	2.63	(3.68)	9.75	(4.54)	15.93
BJKAS	1.94	(0.48)	0.00	(6.40)	0.00	0.00	4.55	(3.86)	10.70
EUYO	2.21	0.30	0.13	(0.50)	1.88	(2.90)	7.65	(3.52)	11.70
YUNSA	1.59	(0.25)	0.00	(1.40)	0.00	0.00	2.67	(3.33)	8.59
YATAS	1.51	(0.09)	0.00	(0.41)	0.00	0.00	3.63	(3.76)	14.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in Platform Turizm 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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