Alpha Services Correlations

ALBKF Stock

USD 3.60 0.35 10.77%

The current 90-days correlation between Alpha Services and Akbank Turk Anonim is 0.03 (i.e., Significant diversification). The correlation of Alpha Services 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.

Alpha Services Correlation With Market

Average diversification

The correlation between Alpha Services and and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Services and and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Alpha Pink Sheet

0.8	HDB	HDFC Bank Limited Earnings Call Today	Pair Corr
0.88	CIHKY	China Merchants Bank	Pair Corr
0.93	CIHHF	China Merchants Bank	Pair Corr
0.9	BBDC4	Banco Bradesco SA	Pair Corr
0.75	BNPQY	BNP Paribas SA Earnings Call This Week	Pair Corr
0.7	BNPQF	BNP Paribas SA Earnings Call This Week	Pair Corr
0.86	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.77	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.84	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.72	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.95	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.93	MFG	Mizuho Financial	Pair Corr
0.61	MZHOF	Mizuho Financial	Pair Corr
0.93	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.78	MMM	3M Company	Pair Corr
0.9	IBM	International Business Earnings Call This Week	Pair Corr
0.93	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.84	AA	Alcoa Corp	Pair Corr
0.77	DD	Dupont De Nemours	Pair Corr
0.86	BA	Boeing	Pair Corr
0.93	CSCO	Cisco Systems	Pair Corr
0.87	AXP	American Express	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.91	MSFT	Microsoft	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr

Moving against Alpha Pink Sheet

0.94	BBAS3	Banco do Brasil	Pair Corr
0.6	USB-PH	US Bancorp	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.5	KO	Coca Cola Earnings Call This Week	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	AKBTY	BBAJF	BKNIY	BPIRY	CIBEY	EGFEF	EGFEY	JPPTY	JPSTF	KGFHF
AKBTY		-0.22	0.66	0.82	0.81	0.83	0.88	0.0	0.3	0.08	AKBTY
BBAJF	-0.22		-0.67	-0.45	-0.32	-0.24	-0.39	0.0	-0.31	-0.45	BBAJF
BKNIY	0.66	-0.67		0.87	0.8	0.77	0.83	0.0	0.42	0.52	BKNIY
BPIRY	0.82	-0.45	0.87		0.9	0.91	0.92	0.0	0.33	0.32	BPIRY
CIBEY	0.81	-0.32	0.8	0.9		0.93	0.94	0.0	0.34	0.28	CIBEY
EGFEF	0.83	-0.24	0.77	0.91	0.93		0.92	0.0	0.3	0.23	EGFEF
EGFEY	0.88	-0.39	0.83	0.92	0.94	0.92		0.0	0.3	0.26	EGFEY
JPPTY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	JPPTY
JPSTF	0.3	-0.31	0.42	0.33	0.34	0.3	0.3	0.0		0.23	JPSTF
KGFHF	0.08	-0.45	0.52	0.32	0.28	0.23	0.26	0.0	0.23		KGFHF
	AKBTY	BBAJF	BKNIY	BPIRY	CIBEY	EGFEF	EGFEY	JPPTY	JPSTF	KGFHF

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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

EGFEY	+ 0.94	CIBEY
EGFEF	+ 0.93	CIBEY
EGFEY	+ 0.92	BPIRY
EGFEY	+ 0.92	EGFEF
EGFEF	+ 0.91	BPIRY
CIBEY	+ 0.9	BPIRY

High negative correlations

BKNIY	- 0.67	BBAJF
KGFHF	- 0.45	BBAJF
BPIRY	- 0.45	BBAJF
EGFEY	- 0.39	BBAJF
CIBEY	- 0.32	BBAJF
JPSTF	- 0.31	BBAJF

Risk-Adjusted Indicators

There is a big difference between Alpha Pink Sheet performing well and Alpha Services 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 Alpha Services' 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
AKBTY	3.63	0.44	0.08	(23.35)	3.68	(4.43)	8.53	(6.32)	21.06
BBAJF	3.69	(0.19)	0.00	0.43	0.00	0.00	8.33	(9.29)	24.04
BKNIY	1.33	0.27	0.09	(2.40)	1.21	(1.64)	3.17	(2.09)	7.57
BPIRY	1.98	0.57	0.21	3.99	1.83	(2.27)	4.09	(2.96)	10.72
CIBEY	1.35	0.37	0.15	1.35	1.32	(1.77)	3.01	(2.56)	7.95
EGFEF	1.31	0.58	0.00	(2.25)	0.00	0.00	4.29	(0.85)	19.24
EGFEY	1.94	0.53	0.15	2.63	2.15	(2.50)	5.33	(3.85)	15.94
JPPTY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPSTF	2.77	0.34	0.03	2.70	3.55	(8.70)	10.00	(9.71)	32.25
KGFHF	2.20	0.21	0.03	0.42	2.86	(6.37)	7.41	(5.64)	34.25

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Our tools can tell you how much better you can do entering a position in Alpha Services 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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Alpha Services Corporate Management

SergiuBogdan Oprescu	Gen Network	Profile
Lazaros Papagaryfallou	Executive General Manager	Profile
Stefanos Mytilinaios	GM COO	Profile
Marianna Antoniou	Accounting Manager	Profile
Kyriaki Inempolidi	Ma Division	Profile

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