Correlation Between AK Sigorta and Atlas Menkul

Can any of the company-specific risk be diversified away by investing in both AK Sigorta and Atlas Menkul at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining AK Sigorta and Atlas Menkul into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between AK Sigorta AS and Atlas Menkul Kiymetler, you can compare the effects of market volatilities on AK Sigorta and Atlas Menkul and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in AK Sigorta with a short position of Atlas Menkul. Check out your portfolio center. Please also check ongoing floating volatility patterns of AK Sigorta and Atlas Menkul.

Diversification Opportunities for AK Sigorta and Atlas Menkul

0.0

Correlation Coefficient

AK Sigorta  Atlas Menkul

Pay attention - limited upside

The 3 months correlation between AKGRT and Atlas is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding AK Sigorta AS and Atlas Menkul Kiymetler in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Atlas Menkul Kiymetler and AK Sigorta is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on AK Sigorta AS are associated (or correlated) with Atlas Menkul. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Atlas Menkul Kiymetler has no effect on the direction of AK Sigorta i.e., AK Sigorta and Atlas Menkul go up and down completely randomly.

Pair Corralation between AK Sigorta and Atlas Menkul

If you would invest (100.00) in AK Sigorta AS on December 28, 2024 and sell it today you would earn a total of  100.00  from holding AK Sigorta AS or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

AK Sigorta AS  vs.  Atlas Menkul Kiymetler

AK Sigorta AS

Risk-Adjusted Performance

Very Weak

Over the last 90 days AK Sigorta AS has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong forward indicators, AK Sigorta is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.

Atlas Menkul Kiymetler

Risk-Adjusted Performance

Very Weak

Over the last 90 days Atlas Menkul Kiymetler has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's forward indicators remain fairly strong which may send shares a bit higher in April 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Pair Trading with AK Sigorta and Atlas Menkul

The main advantage of trading using opposite AK Sigorta and Atlas Menkul positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AK Sigorta position performs unexpectedly, Atlas Menkul can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atlas Menkul will offset losses from the drop in Atlas Menkul's long position.

The idea behind AK Sigorta AS and Atlas Menkul Kiymetler pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.