Correlation Between Atlantis Yatirim and E Data

Can any of the company-specific risk be diversified away by investing in both Atlantis Yatirim and E Data 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 Atlantis Yatirim and E Data into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Atlantis Yatirim Holding and E Data Teknoloji Pazarlama, you can compare the effects of market volatilities on Atlantis Yatirim and E Data 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 Atlantis Yatirim with a short position of E Data. Check out your portfolio center. Please also check ongoing floating volatility patterns of Atlantis Yatirim and E Data.

Diversification Opportunities for Atlantis Yatirim and E Data

0.18

Correlation Coefficient

Atlantis Yatirim  E Data

Average diversification

The 3 months correlation between Atlantis and EDATA is 0.18. Overlapping area represents the amount of risk that can be diversified away by holding Atlantis Yatirim Holding and E Data Teknoloji Pazarlama in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on E Data Teknoloji and Atlantis Yatirim 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 Atlantis Yatirim Holding are associated (or correlated) with E Data. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of E Data Teknoloji has no effect on the direction of Atlantis Yatirim i.e., Atlantis Yatirim and E Data go up and down completely randomly.

Pair Corralation between Atlantis Yatirim and E Data

Assuming the 90 days trading horizon Atlantis Yatirim Holding is expected to under-perform the E Data. In addition to that, Atlantis Yatirim is 1.3 times more volatile than E Data Teknoloji Pazarlama. It trades about 0.0 of its total potential returns per unit of risk. E Data Teknoloji Pazarlama is currently generating about 0.05 per unit of volatility. If you would invest  721.00  in E Data Teknoloji Pazarlama on October 10, 2024 and sell it today you would earn a total of  591.00  from holding E Data Teknoloji Pazarlama or generate 81.97% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Atlantis Yatirim Holding  vs.  E Data Teknoloji Pazarlama

Atlantis Yatirim Holding

Risk-Adjusted Performance

0 of 100

Very Weak

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

E Data Teknoloji

Risk-Adjusted Performance

0 of 100

Very Weak

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

Pair Trading with Atlantis Yatirim and E Data

The main advantage of trading using opposite Atlantis Yatirim and E Data positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Atlantis Yatirim position performs unexpectedly, E Data 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 E Data will offset losses from the drop in E Data's long position.

The idea behind Atlantis Yatirim Holding and E Data Teknoloji Pazarlama 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.

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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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.