Correlation Between Birikim Varlik and Peker Gayrimenkul

Can any of the company-specific risk be diversified away by investing in both Birikim Varlik and Peker Gayrimenkul 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 Birikim Varlik and Peker Gayrimenkul into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Birikim Varlik Yonetim and Peker Gayrimenkul Yatirim, you can compare the effects of market volatilities on Birikim Varlik and Peker Gayrimenkul 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 Birikim Varlik with a short position of Peker Gayrimenkul. Check out your portfolio center. Please also check ongoing floating volatility patterns of Birikim Varlik and Peker Gayrimenkul.

Diversification Opportunities for Birikim Varlik and Peker Gayrimenkul

0.0

Correlation Coefficient

Birikim Varlik  Peker Gayrimenkul

Pay attention - limited upside

The 3 months correlation between Birikim and Peker is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Birikim Varlik Yonetim and Peker Gayrimenkul Yatirim in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Peker Gayrimenkul Yatirim and Birikim Varlik 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 Birikim Varlik Yonetim are associated (or correlated) with Peker Gayrimenkul. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Peker Gayrimenkul Yatirim has no effect on the direction of Birikim Varlik i.e., Birikim Varlik and Peker Gayrimenkul go up and down completely randomly.

Pair Corralation between Birikim Varlik and Peker Gayrimenkul

Assuming the 90 days trading horizon Birikim Varlik Yonetim is expected to generate 1.11 times more return on investment than Peker Gayrimenkul. However, Birikim Varlik is 1.11 times more volatile than Peker Gayrimenkul Yatirim. It trades about 0.04 of its potential returns per unit of risk. Peker Gayrimenkul Yatirim is currently generating about -0.03 per unit of risk. If you would invest  4,896  in Birikim Varlik Yonetim on December 24, 2024 and sell it today you would earn a total of  229.00  from holding Birikim Varlik Yonetim or generate 4.68% return on investment over 90 days.

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

Birikim Varlik Yonetim  vs.  Peker Gayrimenkul Yatirim

Birikim Varlik Yonetim

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Birikim Varlik Yonetim are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite fairly inconsistent forward indicators, Birikim Varlik may actually be approaching a critical reversion point that can send shares even higher in April 2025.

Peker Gayrimenkul Yatirim

Risk-Adjusted Performance

Very Weak

Over the last 90 days Peker Gayrimenkul Yatirim has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest inconsistent performance, the Stock's forward indicators remain strong and the recent confusion on Wall Street may also be a sign of long-lasting gains for the firm traders.

Pair Trading with Birikim Varlik and Peker Gayrimenkul

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

The idea behind Birikim Varlik Yonetim and Peker Gayrimenkul Yatirim 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.