Tekfen Holding Correlations
| TKFEN Stock | TRY 82.00 4.70 6.08% |
The current 90-days correlation between Tekfen Holding AS and Turkiye Petrol Rafinerileri is 0.1 (i.e., Average diversification). The correlation of Tekfen Holding 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.
Tekfen Holding Correlation With Market
Significant diversification
The correlation between Tekfen Holding AS 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 Tekfen Holding AS and DJI in the same portfolio, assuming nothing else is changed.
Tekfen |
The ability to find closely correlated positions to Tekfen Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tekfen Holding 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 Tekfen Holding - 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 Tekfen Holding AS to buy it.
Moving together with Tekfen Stock
Moving against Tekfen Stock
Related Correlations Analysis
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Tekfen Holding Corporate Management
Elected by the shareholders, the Tekfen Holding's board of directors comprises two types of representatives: Tekfen Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tekfen. The board's role is to monitor Tekfen Holding's management team and ensure that shareholders' interests are well served. Tekfen Holding'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, Tekfen Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hakan MSc | VP Group | Profile | |
| Hakan Dndar | Deputy Officer | Profile | |
| Ali Pandir | President | Profile | |
| Erhan Hersek | VP HR | Profile |