Turkiye Garanti Correlations
| TKGZYDelisted Stock | USD 0.56 0.00 0.00% |
The current 90-days correlation between Turkiye Garanti Bankasi and Banco del Bajo is 0.05 (i.e., Significant diversification). The correlation of Turkiye Garanti 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Turkiye Garanti Correlation With Market
Good diversification
The correlation between Turkiye Garanti Bankasi and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turkiye Garanti Bankasi and DJI in the same portfolio, assuming nothing else is changed.
Turkiye |
The ability to find closely correlated positions to Turkiye Garanti could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turkiye Garanti 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 Turkiye Garanti - 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 Turkiye Garanti Bankasi to buy it.
Moving together with Turkiye Pink Sheet
Moving against Turkiye Pink Sheet
| 0.64 | CIHKY | China Merchants Bank | PairCorr |
| 0.63 | HYMTF | Hyundai Motor | PairCorr |
| 0.62 | PKX | POSCO Holdings | PairCorr |
| 0.56 | BBAS3 | Banco do Brasil | PairCorr |
| 0.38 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.37 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.36 | FITBP | Fifth Third Bancorp | PairCorr |
| 0.34 | CIHHF | China Merchants Bank | PairCorr |
| 0.33 | BNPQF | BNP Paribas SA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Turkiye Pink Sheet performing well and Turkiye Garanti 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 Turkiye Garanti'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ILPMY | 0.70 | (0.13) | 0.00 | (6.48) | 0.00 | 0.00 | 17.57 | |||
| BBAJF | 3.54 | (0.65) | 0.00 | 0.34 | 0.00 | 6.67 | 25.58 | |||
| BORT | 0.38 | 0.03 | 0.01 | 0.32 | 0.54 | 0.75 | 5.62 | |||
| CAIXY | 1.51 | 0.00 | (0.01) | (0.01) | 2.03 | 2.82 | 8.76 | |||
| HSNGY | 1.35 | (0.11) | 0.00 | 0.68 | 0.00 | 2.52 | 8.77 | |||
| CIBEY | 1.22 | (0.22) | 0.00 | 4.12 | 0.00 | 2.63 | 8.30 | |||
| BKRKF | 3.84 | (0.21) | 0.00 | 2.01 | 0.00 | 13.04 | 38.46 | |||
| RVSB | 0.96 | 0.30 | 0.24 | 1.26 | 0.76 | 2.36 | 9.76 | |||
| AGRPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOZOF | 2.52 | (1.24) | 0.00 | 0.36 | 0.00 | 0.00 | 42.84 |
View Turkiye Garanti Related Equities
| Risk & Return | Correlation |
Turkiye Garanti Corporate Management
| Handan Saygin | Sr. VP of Investor Relations, Member of Assets and Liabilities Committee, Member of Sustainability Committee and Member of Corporate Governance Committee | Profile | |
| Ebru Edin | Investment Corp | Profile | |
| Metin Kilic | VP Management | Profile | |
| Ali Temel | Chief Credit Risk Officer | Profile | |
| Fulya Goyenc | Sr Coordination | Profile | |
| Recep Bastug | Vice General Manager - Commercial Banking | Profile | |
| Osman Turgut | Head of Internal Audit | Profile |
Still Interested in Turkiye Garanti Bankasi?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.