Korfez Gayrimenkul Correlations

KRGYO Stock

TRY 25.62 0.36 1.39%

The current 90-days correlation between Korfez Gayrimenkul and Turkiye Garanti Bankasi is 0.1 (i.e., Average diversification). The correlation of Korfez Gayrimenkul 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Korfez Gayrimenkul Correlation With Market

Significant diversification

The correlation between Korfez Gayrimenkul Yatirim and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korfez Gayrimenkul Yatirim and NYA in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Korfez Gayrimenkul could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korfez Gayrimenkul 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 Korfez Gayrimenkul - 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 Korfez Gayrimenkul Yatirim to buy it.

Moving together with Korfez Stock

0.65	DOCO	DO AG	Pair Corr
0.64	OTKAR	Otokar Otomotiv ve	Pair Corr
0.65	BIMAS	BIM Birlesik Magazalar	Pair Corr

Related Correlations Analysis

	GARAN	ISATR	ISBTR	ISCTR	AKBNK	KCHOL	YKBNK	SAHOL	HALKB
GARAN		0.89	0.71	0.99	0.9	0.83	0.87	0.91	0.94	GARAN
ISATR	0.89		0.7	0.88	0.68	0.58	0.64	0.72	0.82	ISATR
ISBTR	0.71	0.7		0.7	0.52	0.45	0.5	0.58	0.73	ISBTR
ISCTR	0.99	0.88	0.7		0.92	0.83	0.89	0.9	0.96	ISCTR
AKBNK	0.9	0.68	0.52	0.92		0.91	0.97	0.89	0.87	AKBNK
KCHOL	0.83	0.58	0.45	0.83	0.91		0.93	0.96	0.83	KCHOL
YKBNK	0.87	0.64	0.5	0.89	0.97	0.93		0.89	0.86	YKBNK
SAHOL	0.91	0.72	0.58	0.9	0.89	0.96	0.89		0.91	SAHOL
HALKB	0.94	0.82	0.73	0.96	0.87	0.83	0.86	0.91		HALKB
	GARAN	ISATR	ISBTR	ISCTR	AKBNK	KCHOL	YKBNK	SAHOL	HALKB

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Risk-Adjusted Indicators

There is a big difference between Korfez Stock performing well and Korfez Gayrimenkul 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 Korfez Gayrimenkul's 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	1.99	0.85	0.42	(3.11)	1.31	(2.47)	5.69	(2.86)	11.21
ISATR	3.47	1.59	0.00	2.10	0.00	0.00	10.00	(2.75)	20.00
ISBTR	3.54	0.70	0.14	(1.71)	3.81	(4.65)	10.00	(8.52)	20.00
ISCTR	2.05	0.67	0.30	(0.64)	1.75	(2.30)	4.65	(2.97)	11.72
AKBNK	2.39	0.68	0.23	(0.56)	2.28	(2.65)	6.20	(4.53)	12.19
KCHOL	1.91	0.41	0.21	10.28	1.60	(2.14)	5.02	(2.78)	11.64
YKBNK	2.38	0.63	0.22	(0.77)	2.39	(2.67)	5.59	(4.56)	15.52
SAHOL	1.89	0.33	0.16	(1.65)	1.89	(2.12)	4.00	(2.95)	9.99
HALKB	2.53	0.56	0.20	(0.33)	2.35	(2.99)	7.60	(4.87)	16.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Korfez Gayrimenkul 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.

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Korfez Gayrimenkul Corporate Management

Elected by the shareholders, the Korfez Gayrimenkul's board of directors comprises two types of representatives: Korfez Gayrimenkul inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Korfez. The board's role is to monitor Korfez Gayrimenkul's management team and ensure that shareholders' interests are well served. Korfez Gayrimenkul's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Korfez Gayrimenkul's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ibrahim Mutlu	Member of the Board	Profile
Erhan Aydin	Investor Mang	Profile
Ibrahim Topu	Planning Mang	Profile
Osman Baydogan	Independent Member of the Board	Profile
Isa Sahin	Accounting Mang	Profile

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