Eregli Demir Correlations
| EREGL Stock | TRY 43.06 0.82 1.87% |
The correlation of Eregli Demir 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 Eregli Demir moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eregli Demir ve 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 Eregli Demir ve and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eregli Demir ve and NYA in the same portfolio, assuming nothing else is changed.
Eregli |
The ability to find closely correlated positions to Eregli Demir could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eregli Demir 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 Eregli Demir - 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 Eregli Demir ve to buy it.
Moving together with Eregli Stock
| 0.7 | INVEO | Inveo Yatirim Holding | PairCorr |
| 0.71 | ALKA | Alkim Kagit Sanayi | PairCorr |
| 0.82 | CEMTS | Cemtas Celik Makina | PairCorr |
Moving against Eregli Stock
| 0.52 | KARTN | Kartonsan Karton Sanayi Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Eregli Stock performing well and Eregli Demir 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 Eregli Demir'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Eregli Demir 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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Eregli Demir Corporate Directors
Eregli Demir corporate directors refer to members of an Eregli Demir board of directors. The board of directors generally takes responsibility for the Eregli Demir'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 Eregli Demir's board members must vote for the resolution. The Eregli Demir board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ali Kaban | Member of the Board - Representative of Prime Ministry Directorate of Privatization | Profile | |
| Atilla Yelboga | Human Resources Director | Profile | |
| Berk Onay | Purchasing Director | Profile | |
| Aslihan Doger | Member of the Board of Directors as Representative of OMSAN Lojistik A.S. | Profile |
Already Invested in Eregli Demir ve?
The danger of trading Eregli Demir ve 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 Eregli Demir 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 Eregli Demir. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eregli Demir ve 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 Eregli Demir ve. 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Eregli Stock analysis
When running Eregli Demir's price analysis, check to measure Eregli Demir'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 Eregli Demir is operating at the current time. Most of Eregli Demir's value examination focuses on studying past and present price action to predict the probability of Eregli Demir's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eregli Demir's price. Additionally, you may evaluate how the addition of Eregli Demir to your portfolios can decrease your overall portfolio volatility.
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