Turkiye Garanti Correlations
TKGBY Stock | USD 1.86 0.01 0.53% |
The correlation of Turkiye Garanti is a statistical measure of how it moves in relation to other equities. 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 Garanti moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turkiye Garanti 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.
Significant diversification
The correlation between Turkiye Garanti Bankasi and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turkiye Garanti Bankasi and NYA in the same portfolio, assuming nothing else is changed.
Turkiye |
The ability to find closely correlated positions to Turkiye Garanti 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 Garanti 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 Garanti - 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 Garanti Bankasi to buy it.
Moving against Turkiye OTC Stock
0.47 | BAC | Bank Of America Fiscal Quarter End 31st of March 2024 | PairCorr |
Related Correlations Analysis
IBN | HDB | BBDC4 | USB-PH | BBAS3 | FITBP | BNPQY | ||
IBN | -0.48 | -0.65 | 0.57 | 0.72 | 0.47 | -0.45 | IBN | |
HDB | -0.48 | 0.87 | -0.81 | -0.83 | -0.89 | 0.77 | HDB | |
BBDC4 | -0.65 | 0.87 | -0.78 | -0.86 | -0.79 | 0.8 | BBDC4 | |
USB-PH | 0.57 | -0.81 | -0.78 | 0.74 | 0.87 | -0.45 | USB-PH | |
BBAS3 | 0.72 | -0.83 | -0.86 | 0.74 | 0.77 | -0.78 | BBAS3 | |
FITBP | 0.47 | -0.89 | -0.79 | 0.87 | 0.77 | -0.56 | FITBP | |
BNPQY | -0.45 | 0.77 | 0.8 | -0.45 | -0.78 | -0.56 | BNPQY | |
IBN | HDB | BBDC4 | USB-PH | BBAS3 | FITBP | BNPQY |
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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
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Risk-Adjusted Indicators
There is a big difference between Turkiye OTC Stock performing well and Turkiye Garanti OTC Stock 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 Garanti'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
IBN | 1.00 | (0.01) | (0.03) | 0.12 | 1.21 | 2.59 | 6.86 | |||
HDB | 1.33 | (0.42) | 0.00 | (0.13) | 0.00 | 2.11 | 11.10 | |||
BBDC4 | 1.26 | (0.22) | 0.00 | (0.75) | 0.00 | 2.18 | 22.14 | |||
USB-PH | 0.46 | 0.08 | (0.05) | 0.55 | 0.41 | 0.95 | 3.73 | |||
BBAS3 | 0.98 | 0.16 | (0.03) | (0.22) | 1.15 | 2.15 | 5.55 | |||
FITBP | 0.53 | 0.06 | (0.08) | 0.57 | 0.51 | 1.47 | 3.74 | |||
BNPQY | 1.10 | 0.04 | (0.06) | (0.20) | 1.81 | 2.26 | 11.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Turkiye Garanti 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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Turkiye Garanti Corporate Directors
Turkiye Garanti corporate directors refer to members of a Turkiye Garanti board of directors. The board of directors generally takes responsibility for the Turkiye Garanti's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Turkiye Garanti's board members must vote for the resolution. The Turkiye Garanti board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Rafael Lecea | Member of the Board of Directors | Profile | |
Ricardo Barredo | Member of the Board of Directors | Profile | |
Semra Kuran | Director, Market Risk and Credit Risk Control | Profile | |
Beyza Yapici | Director, Internal Capital and Operational Risk | Profile |
Already Invested in Turkiye Garanti Bankasi?
The danger of trading Turkiye Garanti Bankasi is mainly related to its market volatility and OTC Stock 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 Garanti 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 Garanti. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Turkiye Garanti 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Turkiye Garanti Bankasi. Also, note that the market value of any OTC Stock could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Turkiye Garanti Bankasi information on this page should be used as a complementary analysis to other Turkiye Garanti's statistical models used 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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Turkiye OTC Stock analysis
When running Turkiye Garanti's price analysis, check to measure Turkiye Garanti's 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 Garanti is operating at the current time. Most of Turkiye Garanti's value examination focuses on studying past and present price action to predict the probability of Turkiye Garanti's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turkiye Garanti's price. Additionally, you may evaluate how the addition of Turkiye Garanti to your portfolios can decrease your overall portfolio volatility.
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