Trabzon Liman Correlations
| TLMAN Stock | TRY 86.70 0.55 0.63% |
The current 90-days correlation between Trabzon Liman Isletm and Cuhadaroglu Metal Sanayi is -0.17 (i.e., Good diversification). The correlation of Trabzon Liman 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.
Trabzon Liman Correlation With Market
Average diversification
The correlation between Trabzon Liman Isletmeciligi and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trabzon Liman Isletmeciligi and DJI in the same portfolio, assuming nothing else is changed.
Trabzon |
The ability to find closely correlated positions to Trabzon Liman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trabzon Liman 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 Trabzon Liman - 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 Trabzon Liman Isletmeciligi to buy it.
Moving together with Trabzon Stock
| 0.69 | PAMEL | Pamel Yenilenebilir | PairCorr |
| 0.74 | PKENT | Petrokent Turizm | PairCorr |
| 0.61 | YESIL | Yesil Yatirim Holding | PairCorr |
| 0.77 | KENT | Kent Gida Maddeleri | PairCorr |
| 0.78 | BURVA | Burcelik Vana Sanayi | PairCorr |
Moving against Trabzon Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Trabzon Stock performing well and Trabzon Liman 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 Trabzon Liman'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GSRAY | 1.79 | (0.06) | 0.00 | (3.18) | 0.00 | 3.81 | 15.19 | |||
| DCTTR | 3.27 | 0.56 | 0.15 | 0.62 | 3.29 | 7.21 | 17.71 | |||
| BMSTL | 1.82 | 0.50 | 0.15 | (0.66) | 2.83 | 5.15 | 16.79 | |||
| KOZAA | 1.99 | 0.29 | 0.11 | 2.14 | 2.61 | 4.18 | 12.13 | |||
| KOCMT | 1.96 | (0.41) | 0.00 | 0.39 | 0.00 | 3.13 | 14.70 | |||
| MEGMT | 1.56 | (0.24) | 0.00 | (0.62) | 0.00 | 3.48 | 16.68 | |||
| CUSAN | 2.03 | (0.38) | 0.00 | 1.03 | 0.00 | 3.88 | 16.09 | |||
| TSPOR | 2.32 | 0.18 | 0.07 | (0.60) | 2.61 | 6.38 | 19.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Trabzon Liman 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.Did you try this?
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