Turkcell Iletisim Correlations

TKC Stock

USD 6.61 0.06 0.90%

The current 90-days correlation between Turkcell Iletisim and Telefonica Brasil SA is 0.05 (i.e., Significant diversification). The correlation of Turkcell Iletisim 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.

Turkcell Iletisim Correlation With Market

Modest diversification

The correlation between Turkcell Iletisim Hizmetleri and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turkcell Iletisim Hizmetleri and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Turkcell Iletisim Hizmetleri. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Turkcell Stock

0.61	CHT	Chunghwa Telecom	Pair Corr
0.64	ATEX	Anterix	Pair Corr

Moving against Turkcell Stock

0.54	IRDM	Iridium Communications	Pair Corr
0.52	IDT	IDT Corporation Earnings Call This Week	Pair Corr
0.48	VEON	VEON	Pair Corr
0.43	T	ATT Inc Aggressive Push	Pair Corr
0.33	USM	United States Cellular	Pair Corr
0.32	OOMA	Ooma Inc Earnings Call This Week	Pair Corr
0.74	CCOI	Cogent Communications	Pair Corr
0.64	SY	So Young International	Pair Corr
0.64	TV	Grupo Televisa SAB	Pair Corr
0.64	WB	Weibo Corp	Pair Corr
0.6	CNSL	Consolidated Communications	Pair Corr
0.57	BZ	Kanzhun Ltd ADR	Pair Corr
0.56	CURIW	CuriosityStream	Pair Corr
0.56	IQ	iQIYI Inc Buyout Trend	Pair Corr
0.48	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	VIV	TIMB	TLK	PHI	LBRDA	SKM	KT	TEF	ORAN	AMX
VIV		0.91	0.83	0.81	-0.56	0.79	-0.39	0.82	0.79	0.61	VIV
TIMB	0.91		0.88	0.9	-0.74	0.8	-0.54	0.74	0.86	0.63	TIMB
TLK	0.83	0.88		0.88	-0.8	0.85	-0.39	0.8	0.92	0.75	TLK
PHI	0.81	0.9	0.88		-0.68	0.66	-0.58	0.78	0.76	0.77	PHI
LBRDA	-0.56	-0.74	-0.8	-0.68		-0.74	0.46	-0.46	-0.84	-0.55	LBRDA
SKM	0.79	0.8	0.85	0.66	-0.74		-0.13	0.67	0.88	0.53	SKM
KT	-0.39	-0.54	-0.39	-0.58	0.46	-0.13		-0.21	-0.41	-0.37	KT
TEF	0.82	0.74	0.8	0.78	-0.46	0.67	-0.21		0.65	0.61	TEF
ORAN	0.79	0.86	0.92	0.76	-0.84	0.88	-0.41	0.65		0.61	ORAN
AMX	0.61	0.63	0.75	0.77	-0.55	0.53	-0.37	0.61	0.61		AMX
	VIV	TIMB	TLK	PHI	LBRDA	SKM	KT	TEF	ORAN	AMX

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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

ORAN	+ 0.92	TLK
TIMB	+ 0.91	VIV
PHI	+ 0.9	TIMB
TLK	+ 0.88	TIMB
PHI	+ 0.88	TLK
ORAN	+ 0.88	SKM

High negative correlations

ORAN	- 0.84	LBRDA
LBRDA	- 0.8	TLK
SKM	- 0.74	LBRDA
LBRDA	- 0.74	TIMB
LBRDA	- 0.68	PHI
KT	- 0.58	PHI

Risk-Adjusted Indicators

There is a big difference between Turkcell Stock performing well and Turkcell Iletisim 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 Turkcell Iletisim'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
VIV	1.15	(0.11)	0.00	(0.91)	0.00	0.00	2.33	(3.00)	6.67
TIMB	1.17	(0.18)	0.00	0.52	0.00	0.00	2.28	(2.76)	8.18
TLK	1.27	(0.23)	0.00	(0.93)	0.00	0.00	2.61	(3.19)	7.40
PHI	1.11	(0.40)	0.00	(1.04)	0.00	0.00	1.83	(2.67)	6.56
LBRDA	2.16	0.39	0.23	0.41	1.49	(2.77)	4.70	(3.19)	33.07
SKM	0.86	(0.02)	0.00	(0.91)	0.00	0.00	2.04	(1.71)	5.40
KT	1.25	0.20	0.07	0.56	1.56	(1.39)	3.58	(2.09)	11.99
TEF	0.80	0.00	0.00	0.12	0.00	0.00	2.12	(1.77)	6.16
ORAN	0.85	(0.15)	0.00	(0.95)	0.00	0.00	1.40	(1.92)	5.67
AMX	1.17	(0.27)	0.00	(0.33)	0.00	0.00	2.26	(2.88)	7.18

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