Correlation Between Yatas Yatak and Beyaz Filo

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

By analyzing existing cross correlation between Yatas Yatak ve and Beyaz Filo Oto, you can compare the effects of market volatilities on Yatas Yatak and Beyaz Filo 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 Yatas Yatak with a short position of Beyaz Filo. Check out your portfolio center. Please also check ongoing floating volatility patterns of Yatas Yatak and Beyaz Filo.

Diversification Opportunities for Yatas Yatak and Beyaz Filo

0.47

Correlation Coefficient

Yatas Yatak  Beyaz Filo

Very weak diversification

The 3 months correlation between Yatas and Beyaz is 0.47. Overlapping area represents the amount of risk that can be diversified away by holding Yatas Yatak ve and Beyaz Filo Oto in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Beyaz Filo Oto and Yatas Yatak 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 Yatas Yatak ve are associated (or correlated) with Beyaz Filo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Beyaz Filo Oto has no effect on the direction of Yatas Yatak i.e., Yatas Yatak and Beyaz Filo go up and down completely randomly.

Pair Corralation between Yatas Yatak and Beyaz Filo

Assuming the 90 days trading horizon Yatas Yatak ve is expected to generate 1.15 times more return on investment than Beyaz Filo. However, Yatas Yatak is 1.15 times more volatile than Beyaz Filo Oto. It trades about -0.01 of its potential returns per unit of risk. Beyaz Filo Oto is currently generating about -0.12 per unit of risk. If you would invest  2,776  in Yatas Yatak ve on December 28, 2024 and sell it today you would lose (132.00) from holding Yatas Yatak ve or give up 4.76% of portfolio value over 90 days.

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

Yatas Yatak ve  vs.  Beyaz Filo Oto

Yatas Yatak ve

Risk-Adjusted Performance

Very Weak

Over the last 90 days Yatas Yatak ve has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong forward indicators, Yatas Yatak is not utilizing all of its potentials. The newest stock price confusion, may contribute to short-horizon losses for the traders.

Beyaz Filo Oto

Risk-Adjusted Performance

Very Weak

Over the last 90 days Beyaz Filo Oto has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent 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.

Pair Trading with Yatas Yatak and Beyaz Filo

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

The idea behind Yatas Yatak ve and Beyaz Filo Oto 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.