Kartonsan Karton Correlations

KARTN Stock

TRY 84.70 3.65 4.50%

The current 90-days correlation between Kartonsan Karton Sanayi and Galatasaray Sportif Sinai is 0.03 (i.e., Significant diversification). The correlation of Kartonsan Karton 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.

Kartonsan Karton Correlation With Market

Significant diversification

The correlation between Kartonsan Karton Sanayi and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kartonsan Karton Sanayi and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kartonsan Stock

0.69	SISE	Turkiye Sise ve	Pair Corr
0.75	AGHOL	AG Anadolu Group	Pair Corr

Related Correlations Analysis

	GSRAY	GENTS	DGATE	ICBCT	EDATA	CUSAN	SKBNK	POLTK
GSRAY		-0.4	-0.16	-0.7	0.32	0.68	-0.09	0.43	GSRAY
GENTS	-0.4		0.69	0.47	0.34	-0.42	0.45	-0.33	GENTS
DGATE	-0.16	0.69		0.61	0.44	-0.62	0.25	-0.42	DGATE
ICBCT	-0.7	0.47	0.61		0.08	-0.8	0.14	-0.5	ICBCT
EDATA	0.32	0.34	0.44	0.08		0.17	0.15	0.16	EDATA
CUSAN	0.68	-0.42	-0.62	-0.8	0.17		0.0	0.56	CUSAN
SKBNK	-0.09	0.45	0.25	0.14	0.15	0.0		0.14	SKBNK
POLTK	0.43	-0.33	-0.42	-0.5	0.16	0.56	0.14		POLTK
	GSRAY	GENTS	DGATE	ICBCT	EDATA	CUSAN	SKBNK	POLTK

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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

DGATE	+ 0.69	GENTS
CUSAN	+ 0.68	GSRAY
ICBCT	+ 0.61	DGATE
POLTK	+ 0.56	CUSAN
ICBCT	+ 0.47	GENTS
SKBNK	+ 0.45	GENTS

High negative correlations

CUSAN	- 0.8	ICBCT
ICBCT	- 0.7	GSRAY
CUSAN	- 0.62	DGATE
POLTK	- 0.5	ICBCT
POLTK	- 0.42	DGATE
CUSAN	- 0.42	GENTS

Risk-Adjusted Indicators

There is a big difference between Kartonsan Stock performing well and Kartonsan Karton 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 Kartonsan Karton'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
GSRAY	2.02	(0.17)	0.00	(2.30)	0.00	0.00	3.94	(3.79)	18.56
GENTS	3.95	0.80	0.20	9.24	3.20	(5.43)	9.08	(5.78)	18.24
DGATE	3.23	0.62	0.15	1.60	3.17	(3.59)	7.81	(4.80)	18.31
ICBCT	2.57	0.36	0.09	1.95	2.77	(2.94)	6.67	(4.09)	14.06
EDATA	2.12	0.24	0.05	(1.15)	2.34	(2.29)	4.74	(3.72)	13.33
CUSAN	1.78	0.05	(0.03)	(0.26)	2.40	(1.72)	4.31	(4.59)	11.92
SKBNK	2.64	0.91	0.30	2.97	2.24	(3.32)	7.03	(4.40)	16.95
POLTK	2.10	0.23	0.04	(0.45)	1.95	(2.66)	8.18	(3.44)	15.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kartonsan Karton 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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Kartonsan Karton Corporate Management

Elected by the shareholders, the Kartonsan Karton's board of directors comprises two types of representatives: Kartonsan Karton inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kartonsan. The board's role is to monitor Kartonsan Karton's management team and ensure that shareholders' interests are well served. Kartonsan Karton'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, Kartonsan Karton's outside directors are responsible for providing unbiased perspectives on the board's policies.

Rasit Ozkirim	Marketing Manager	Profile
Hatice Imregun	Member of the Board	Profile
Mehmet Imregun	Member of the Board	Profile
Sinan Gulcur	Member of the Board	Profile
Naci Bodur	Technical Services Manager	Profile
Umit Ozkan	Production Manager	Profile

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