Correlation Between Sekerbank TAS and Flap Kongre

Can any of the company-specific risk be diversified away by investing in both Sekerbank TAS and Flap Kongre 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 Sekerbank TAS and Flap Kongre into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Sekerbank TAS and Flap Kongre Toplanti, you can compare the effects of market volatilities on Sekerbank TAS and Flap Kongre 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 Sekerbank TAS with a short position of Flap Kongre. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sekerbank TAS and Flap Kongre.

Diversification Opportunities for Sekerbank TAS and Flap Kongre

0.0

Correlation Coefficient

Sekerbank TAS  Flap Kongre

Pay attention - limited upside

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

Pair Corralation between Sekerbank TAS and Flap Kongre

If you would invest  395.00  in Sekerbank TAS on October 4, 2024 and sell it today you would earn a total of  86.00  from holding Sekerbank TAS or generate 21.77% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.59%
Values	Daily Returns

Sekerbank TAS  vs.  Flap Kongre Toplanti

Sekerbank TAS

Risk-Adjusted Performance

11 of 100

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Sekerbank TAS are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak forward indicators, Sekerbank TAS demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Flap Kongre Toplanti

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Flap Kongre Toplanti has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Flap Kongre is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Sekerbank TAS and Flap Kongre

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

The idea behind Sekerbank TAS and Flap Kongre Toplanti 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.