Correlation Between Yesil Gayrimenkul and E Data

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

By analyzing existing cross correlation between Yesil Gayrimenkul Yatirim and E Data Teknoloji Pazarlama, you can compare the effects of market volatilities on Yesil Gayrimenkul and E Data 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 Yesil Gayrimenkul with a short position of E Data. Check out your portfolio center. Please also check ongoing floating volatility patterns of Yesil Gayrimenkul and E Data.

Diversification Opportunities for Yesil Gayrimenkul and E Data

0.14

Correlation Coefficient

Yesil Gayrimenkul  E Data

Average diversification

The 3 months correlation between Yesil and EDATA is 0.14. Overlapping area represents the amount of risk that can be diversified away by holding Yesil Gayrimenkul Yatirim and E Data Teknoloji Pazarlama in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on E Data Teknoloji and Yesil 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 Yesil Gayrimenkul Yatirim are associated (or correlated) with E Data. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of E Data Teknoloji has no effect on the direction of Yesil Gayrimenkul i.e., Yesil Gayrimenkul and E Data go up and down completely randomly.

Pair Corralation between Yesil Gayrimenkul and E Data

Assuming the 90 days trading horizon Yesil Gayrimenkul is expected to generate 1.03 times less return on investment than E Data. But when comparing it to its historical volatility, Yesil Gayrimenkul Yatirim is 2.27 times less risky than E Data. It trades about 0.1 of its potential returns per unit of risk. E Data Teknoloji Pazarlama is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest  731.00  in E Data Teknoloji Pazarlama on October 5, 2024 and sell it today you would earn a total of  536.00  from holding E Data Teknoloji Pazarlama or generate 73.32% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	99.19%
Values	Daily Returns

Yesil Gayrimenkul Yatirim  vs.  E Data Teknoloji Pazarlama

Yesil Gayrimenkul Yatirim

Risk-Adjusted Performance

7 of 100

Modest

Compared to the overall equity markets, risk-adjusted returns on investments in Yesil Gayrimenkul Yatirim are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively inconsistent basic indicators, Yesil Gayrimenkul unveiled solid returns over the last few months and may actually be approaching a breakup point.

E Data Teknoloji

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days E Data Teknoloji Pazarlama has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest inconsistent performance, the Stock's forward indicators remain strong and the recent confusion on Wall Street may also be a sign of long-lasting gains for the firm traders.

Pair Trading with Yesil Gayrimenkul and E Data

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

The idea behind Yesil Gayrimenkul Yatirim and E Data Teknoloji Pazarlama 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.