Cimsa Cimento Correlations
| CIMSA Stock | TRY 32.38 0.44 1.38% |
The correlation of Cimsa Cimento 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 Cimsa Cimento moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cimsa Cimento Sanayi 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 Cimsa Cimento Sanayi 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 Cimsa Cimento Sanayi and NYA in the same portfolio, assuming nothing else is changed.
Cimsa |
The ability to find closely correlated positions to Cimsa Cimento could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cimsa Cimento 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 Cimsa Cimento - 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 Cimsa Cimento Sanayi to buy it.
Moving together with Cimsa Stock
Moving against Cimsa Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cimsa Stock performing well and Cimsa Cimento 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 Cimsa Cimento'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VESTL | 3.73 | 0.92 | 0.28 | 1.38 | 2.89 | 9.99 | 16.04 | |||
| CRDFA | 4.09 | 0.92 | 0.16 | (1.94) | 4.33 | 9.94 | 19.98 | |||
| ANGEN | 1.57 | 0.01 | (0.02) | (0.17) | 1.93 | 2.95 | 9.90 | |||
| UMPAS | 4.82 | 0.80 | 0.15 | 1.26 | 4.54 | 9.99 | 19.99 | |||
| TBORG | 1.93 | 0.45 | 0.15 | (0.74) | 2.11 | 3.55 | 15.04 | |||
| PSDTC | 3.72 | 1.27 | 0.31 | (0.55) | 3.18 | 9.96 | 18.61 | |||
| TTKOM | 2.34 | 0.49 | 0.18 | (0.64) | 2.04 | 5.38 | 13.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cimsa Cimento 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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Cimsa Cimento Corporate Management
Elected by the shareholders, the Cimsa Cimento's board of directors comprises two types of representatives: Cimsa Cimento inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cimsa. The board's role is to monitor Cimsa Cimento's management team and ensure that shareholders' interests are well served. Cimsa Cimento'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, Cimsa Cimento's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nevra Ozhatay | General Manager, Member of the Board | Profile | |
| Ulku Ozcan | Vice General Manager - White Cement and Exclusive Products | Profile | |
| Onder Kirca | Vice General Manager - Ready-Mixed Concrete | Profile | |
| Gurol Ozer | Vice General Manager - Technical | Profile | |
| Tugba rtelekoglu | VP Sustainability | Profile | |
| Mutlu Dogruoz | General Manager - Afyon Cimento TAS | Profile |
Already Invested in Cimsa Cimento Sanayi?
The danger of trading Cimsa Cimento Sanayi 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 Cimsa Cimento 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 Cimsa Cimento. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cimsa Cimento Sanayi 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cimsa Cimento Sanayi. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Cimsa Cimento Sanayi information on this page should be used as a complementary analysis to other Cimsa Cimento'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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Cimsa Stock analysis
When running Cimsa Cimento's price analysis, check to measure Cimsa Cimento'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 Cimsa Cimento is operating at the current time. Most of Cimsa Cimento's value examination focuses on studying past and present price action to predict the probability of Cimsa Cimento's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cimsa Cimento's price. Additionally, you may evaluate how the addition of Cimsa Cimento to your portfolios can decrease your overall portfolio volatility.
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