Turkiye Is Correlations
| ISCTR Stock | TRY 12.86 0.59 4.81% |
The correlation of Turkiye Is is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Turkiye Is moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turkiye Is Bankasi moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Turkiye Is Bankasi and NYA is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turkiye Is Bankasi and NYA in the same portfolio, assuming nothing else is changed.
Turkiye |
The ability to find closely correlated positions to Turkiye Is could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turkiye Is when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Turkiye Is - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Turkiye Is Bankasi to buy it.
Moving together with Turkiye Stock
| 0.89 | KCHOL | Koc Holding AS | PairCorr |
| 0.62 | ARCLK | Arcelik AS | PairCorr |
| 0.68 | TCELL | Turkcell Iletisim | PairCorr |
| 0.8 | AEFES | Anadolu Efes Biracilik | PairCorr |
| 0.78 | TSKB | Turkiye Sinai Kalkinma | PairCorr |
Moving against Turkiye Stock
Related Correlations Analysis
| 0.96 | 0.97 | -0.3 | 0.9 | GARAN | ||
| 0.96 | 0.98 | -0.41 | 0.91 | AKBNK | ||
| 0.97 | 0.98 | -0.37 | 0.95 | YKBNK | ||
| -0.3 | -0.41 | -0.37 | -0.42 | SISE | ||
| 0.9 | 0.91 | 0.95 | -0.42 | KCHOL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Turkiye Stock performing well and Turkiye Is Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Turkiye Is' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GARAN | 1.62 | 0.26 | 0.09 | (1.14) | 1.84 | 4.08 | 11.21 | |||
| AKBNK | 2.14 | 0.57 | 0.21 | (2.13) | 1.93 | 5.82 | 10.78 | |||
| YKBNK | 1.98 | 0.60 | 0.22 | (2.25) | 1.91 | 5.59 | 12.26 | |||
| SISE | 1.29 | (0.03) | 0.00 | 0.23 | 0.00 | 2.84 | 8.04 | |||
| KCHOL | 1.62 | 0.50 | 0.27 | (0.55) | 1.07 | 5.02 | 9.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Turkiye Is without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Turkiye Is Corporate Management
Elected by the shareholders, the Turkiye Is' board of directors comprises two types of representatives: Turkiye Is inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Turkiye. The board's role is to monitor Turkiye Is' management team and ensure that shareholders' interests are well served. Turkiye Is' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Turkiye Is' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hamit Togay | Head Inspectors | Profile | |
| Huseyin Yalcin | Member of the Board | Profile | |
| Feray Demir | Member of the Board | Profile | |
| Ilhami Koc | Vice General Manager - Subsidiaries and Cross-Border Banking | Profile | |
| Senar Akkus | Vice General Manager - Corporate Communication and Treasury Management | Profile | |
| Ebru Ozsuca | Deputy Chief Executive | Profile | |
| Levent Korba | Vice General Manager - Banking Operations, Support Services, Purchasing, Construction and Real Estate | Profile |
Already Invested in Turkiye Is Bankasi?
The danger of trading Turkiye Is Bankasi is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Turkiye Is is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Turkiye Is. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Turkiye Is Bankasi is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turkiye Is Bankasi. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Turkiye Stock analysis
When running Turkiye Is' price analysis, check to measure Turkiye Is' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turkiye Is is operating at the current time. Most of Turkiye Is' value examination focuses on studying past and present price action to predict the probability of Turkiye Is' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turkiye Is' price. Additionally, you may evaluate how the addition of Turkiye Is to your portfolios can decrease your overall portfolio volatility.
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