EMEK Elektrik Correlations
| EMKEL Stock | TRY 15.04 0.43 2.78% |
The correlation of EMEK Elektrik 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 EMEK Elektrik moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMEK Elektrik Endustrisi 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 EMEK Elektrik Endustrisi 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 EMEK Elektrik Endustrisi and NYA in the same portfolio, assuming nothing else is changed.
EMEK |
The ability to find closely correlated positions to EMEK Elektrik could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMEK Elektrik 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 EMEK Elektrik - 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 EMEK Elektrik Endustrisi to buy it.
Moving against EMEK Stock
| 0.73 | KCHOL | Koc Holding AS | PairCorr |
| 0.67 | AKBNK | Akbank TAS | PairCorr |
| 0.65 | YKBNK | Yapi ve Kredi | PairCorr |
| 0.65 | ISATR | Turkiye Is Bankasi | PairCorr |
| 0.59 | ISCTR | Turkiye Is Bankasi Split | PairCorr |
| 0.58 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.54 | SAHOL | Haci Omer Sabanci | PairCorr |
| 0.41 | VAKBN | Turkiye Vakiflar Bankasi | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in EMEK Elektrik 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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EMEK Elektrik Corporate Management
Elected by the shareholders, the EMEK Elektrik's board of directors comprises two types of representatives: EMEK Elektrik inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EMEK. The board's role is to monitor EMEK Elektrik's management team and ensure that shareholders' interests are well served. EMEK Elektrik'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, EMEK Elektrik's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Adnan Bber | Chief Staff | Profile | |
| Zeynep Gunel | Member of the Board, Administrative and Financial Affairs Manager | Profile | |
| Zafer Arabul | General Manager, Member of the Board | Profile | |
| Erol Soyal | Assistant Accounting Manager | Profile |
Already Invested in EMEK Elektrik Endustrisi?
The danger of trading EMEK Elektrik Endustrisi 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 EMEK Elektrik 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 EMEK Elektrik. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EMEK Elektrik Endustrisi 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMEK Elektrik Endustrisi. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for EMEK Stock analysis
When running EMEK Elektrik's price analysis, check to measure EMEK Elektrik'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 EMEK Elektrik is operating at the current time. Most of EMEK Elektrik's value examination focuses on studying past and present price action to predict the probability of EMEK Elektrik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMEK Elektrik's price. Additionally, you may evaluate how the addition of EMEK Elektrik to your portfolios can decrease your overall portfolio volatility.
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