Correlation Between Unlu Yatirim and Marka Yatirim

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

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

Diversification Opportunities for Unlu Yatirim and Marka Yatirim

0.0

Correlation Coefficient

Unlu Yatirim  Marka Yatirim

Pay attention - limited upside

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

Pair Corralation between Unlu Yatirim and Marka Yatirim

If you would invest  389.00  in Marka Yatirim Holding on October 4, 2024 and sell it today you would earn a total of  4,901  from holding Marka Yatirim Holding or generate 1259.9% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.2%
Values	Daily Returns

Unlu Yatirim Holding  vs.  Marka Yatirim Holding

Unlu Yatirim Holding

Risk-Adjusted Performance

0 of 100

Good

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

Marka Yatirim Holding

Risk-Adjusted Performance

7 of 100

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Marka Yatirim Holding are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak forward indicators, Marka Yatirim demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Unlu Yatirim and Marka Yatirim

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

The idea behind Unlu Yatirim Holding and Marka Yatirim Holding 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.