Correlation Between Galatasaray Sportif and Yukselen Celik

Can any of the company-specific risk be diversified away by investing in both Galatasaray Sportif and Yukselen Celik 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 Galatasaray Sportif and Yukselen Celik into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Galatasaray Sportif Sinai and Yukselen Celik As, you can compare the effects of market volatilities on Galatasaray Sportif and Yukselen Celik 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 Galatasaray Sportif with a short position of Yukselen Celik. Check out your portfolio center. Please also check ongoing floating volatility patterns of Galatasaray Sportif and Yukselen Celik.

Diversification Opportunities for Galatasaray Sportif and Yukselen Celik

-0.33

Correlation Coefficient

Galatasaray Sportif  Yukselen Celik

Very good diversification

The 3 months correlation between Galatasaray and Yukselen is -0.33. Overlapping area represents the amount of risk that can be diversified away by holding Galatasaray Sportif Sinai and Yukselen Celik As in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Yukselen Celik As and Galatasaray Sportif 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 Galatasaray Sportif Sinai are associated (or correlated) with Yukselen Celik. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yukselen Celik As has no effect on the direction of Galatasaray Sportif i.e., Galatasaray Sportif and Yukselen Celik go up and down completely randomly.

Pair Corralation between Galatasaray Sportif and Yukselen Celik

Assuming the 90 days trading horizon Galatasaray Sportif is expected to generate 91.65 times less return on investment than Yukselen Celik. In addition to that, Galatasaray Sportif is 1.25 times more volatile than Yukselen Celik As. It trades about 0.0 of its total potential returns per unit of risk. Yukselen Celik As is currently generating about 0.15 per unit of volatility. If you would invest  745.00  in Yukselen Celik As on October 12, 2024 and sell it today you would earn a total of  43.00  from holding Yukselen Celik As or generate 5.77% return on investment over 90 days.

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

Galatasaray Sportif Sinai  vs.  Yukselen Celik As

Galatasaray Sportif Sinai

Risk-Adjusted Performance

2 of 100

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Galatasaray Sportif Sinai are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite fairly strong forward indicators, Galatasaray Sportif is not utilizing all of its potentials. The recent stock price confusion, may contribute to short-horizon losses for the traders.

Yukselen Celik As

Risk-Adjusted Performance

4 of 100

Very Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Yukselen Celik As are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite fairly inconsistent forward indicators, Yukselen Celik may actually be approaching a critical reversion point that can send shares even higher in February 2025.

Pair Trading with Galatasaray Sportif and Yukselen Celik

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

The idea behind Galatasaray Sportif Sinai and Yukselen Celik As 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 CEOs Directory module to screen CEOs from public companies around the world.