Correlation Between Kontrolmatik Teknoloji and Dogan Sirketler

Can any of the company-specific risk be diversified away by investing in both Kontrolmatik Teknoloji and Dogan Sirketler 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 Kontrolmatik Teknoloji and Dogan Sirketler into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Kontrolmatik Teknoloji Enerji and Dogan Sirketler Grubu, you can compare the effects of market volatilities on Kontrolmatik Teknoloji and Dogan Sirketler 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 Kontrolmatik Teknoloji with a short position of Dogan Sirketler. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kontrolmatik Teknoloji and Dogan Sirketler.

Diversification Opportunities for Kontrolmatik Teknoloji and Dogan Sirketler

0.27

Correlation Coefficient

Kontrolmatik Teknoloji  Dogan Sirketler

Modest diversification

The 3 months correlation between Kontrolmatik and Dogan is 0.27. Overlapping area represents the amount of risk that can be diversified away by holding Kontrolmatik Teknoloji Enerji and Dogan Sirketler Grubu in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dogan Sirketler Grubu and Kontrolmatik Teknoloji 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 Kontrolmatik Teknoloji Enerji are associated (or correlated) with Dogan Sirketler. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dogan Sirketler Grubu has no effect on the direction of Kontrolmatik Teknoloji i.e., Kontrolmatik Teknoloji and Dogan Sirketler go up and down completely randomly.

Pair Corralation between Kontrolmatik Teknoloji and Dogan Sirketler

Assuming the 90 days trading horizon Kontrolmatik Teknoloji Enerji is expected to under-perform the Dogan Sirketler. In addition to that, Kontrolmatik Teknoloji is 1.28 times more volatile than Dogan Sirketler Grubu. It trades about -0.13 of its total potential returns per unit of risk. Dogan Sirketler Grubu is currently generating about 0.06 per unit of volatility. If you would invest  1,467  in Dogan Sirketler Grubu on December 30, 2024 and sell it today you would earn a total of  124.00  from holding Dogan Sirketler Grubu or generate 8.45% return on investment over 90 days.

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

Kontrolmatik Teknoloji Enerji  vs.  Dogan Sirketler Grubu

Kontrolmatik Teknoloji

Risk-Adjusted Performance

Very Weak

Over the last 90 days Kontrolmatik Teknoloji Enerji has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain 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.

Dogan Sirketler Grubu

Risk-Adjusted Performance

Insignificant

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

Pair Trading with Kontrolmatik Teknoloji and Dogan Sirketler

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

The idea behind Kontrolmatik Teknoloji Enerji and Dogan Sirketler Grubu 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.