Correlation Between Peker Gayrimenkul and Kuyas Yatirim
Can any of the company-specific risk be diversified away by investing in both Peker Gayrimenkul and Kuyas Yatirim 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 Peker Gayrimenkul and Kuyas Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Peker Gayrimenkul Yatirim and Kuyas Yatirim AS, you can compare the effects of market volatilities on Peker Gayrimenkul and Kuyas Yatirim 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 Peker Gayrimenkul with a short position of Kuyas Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Peker Gayrimenkul and Kuyas Yatirim.
Diversification Opportunities for Peker Gayrimenkul and Kuyas Yatirim
0.64 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Peker and Kuyas is 0.64. Overlapping area represents the amount of risk that can be diversified away by holding Peker Gayrimenkul Yatirim and Kuyas Yatirim AS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kuyas Yatirim AS and Peker Gayrimenkul 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 Peker Gayrimenkul Yatirim are associated (or correlated) with Kuyas Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kuyas Yatirim AS has no effect on the direction of Peker Gayrimenkul i.e., Peker Gayrimenkul and Kuyas Yatirim go up and down completely randomly.
Pair Corralation between Peker Gayrimenkul and Kuyas Yatirim
Assuming the 90 days trading horizon Peker Gayrimenkul Yatirim is expected to under-perform the Kuyas Yatirim. In addition to that, Peker Gayrimenkul is 1.13 times more volatile than Kuyas Yatirim AS. It trades about -0.06 of its total potential returns per unit of risk. Kuyas Yatirim AS is currently generating about 0.33 per unit of volatility. If you would invest 1,674 in Kuyas Yatirim AS on October 6, 2024 and sell it today you would earn a total of 442.00 from holding Kuyas Yatirim AS or generate 26.4% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Significant |
Accuracy | 100.0% |
Values | Daily Returns |
Peker Gayrimenkul Yatirim vs. Kuyas Yatirim AS
Performance |
Timeline |
Peker Gayrimenkul Yatirim |
Kuyas Yatirim AS |
Peker Gayrimenkul and Kuyas Yatirim Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Peker Gayrimenkul and Kuyas Yatirim
The main advantage of trading using opposite Peker Gayrimenkul and Kuyas Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Peker Gayrimenkul position performs unexpectedly, Kuyas Yatirim 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 Kuyas Yatirim will offset losses from the drop in Kuyas Yatirim's long position.Peker Gayrimenkul vs. Cuhadaroglu Metal Sanayi | Peker Gayrimenkul vs. Gentas Genel Metal | Peker Gayrimenkul vs. Mackolik Internet Hizmetleri | Peker Gayrimenkul vs. Bms Birlesik Metal |
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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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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