Luks Kadife Correlations

LUKSK Stock  TRY 127.80  11.60  9.98%   
The correlation of Luks Kadife 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 Luks Kadife moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luks Kadife Ticaret 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 Luks Kadife Ticaret and NYA is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Luks Kadife Ticaret and NYA in the same portfolio, assuming nothing else is changed.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luks Kadife Ticaret. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
  
The ability to find closely correlated positions to Luks Kadife could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luks Kadife 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 Luks Kadife - 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 Luks Kadife Ticaret to buy it.

Moving together with Luks Stock

  0.76TUPRS Turkiye Petrol RafinPairCorr
  0.62KCHOL Koc Holding ASPairCorr
  0.74ARCLK Arcelik ASPairCorr
  0.78AGHOL AG Anadolu GroupPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Luks Stock performing well and Luks Kadife 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 Luks Kadife'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KCHOL  1.65  0.61  0.33 (2.40) 1.03 
 5.02 
 9.41 
THYAO  1.58  0.40  0.17 (0.93) 1.36 
 4.50 
 9.42 
GARAN  1.74  0.51  0.19 (1.01) 1.56 
 4.53 
 11.21 
TUPRS  1.57  0.61  0.36 (0.98) 0.95 
 4.25 
 8.63 
YKBNK  2.18  0.65  0.20 (1.10) 2.16 
 5.59 
 12.26 
SAHOL  1.90  0.50  0.20 (0.65) 1.62 
 4.20 
 9.98 
AKBNK  2.28  0.75  0.23 (0.88) 2.14 
 5.88 
 11.47 
QNBFB  3.11  0.17  0.04  0.34  3.32 
 9.89 
 19.95 
TCELL  1.62  0.32  0.11 (13.67) 1.90 
 3.73 
 11.79 
TTKOM  2.31  0.58  0.19 (0.61) 2.03 
 5.38 
 13.04 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Luks Kadife 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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Luks Kadife Corporate Management

Elected by the shareholders, the Luks Kadife's board of directors comprises two types of representatives: Luks Kadife inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Luks. The board's role is to monitor Luks Kadife's management team and ensure that shareholders' interests are well served. Luks Kadife'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, Luks Kadife's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mehmet MulayimIR Contact OfficerProfile
Ali HasogluMember of the BoardProfile
Recep KiryolcuMember of the BoardProfile
Erdal KesreliogluIndependent Member of the BoardProfile
Mehmet MlayimAccounting MangProfile

Already Invested in Luks Kadife Ticaret?

The danger of trading Luks Kadife Ticaret 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 Luks Kadife 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 Luks Kadife. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Luks Kadife Ticaret 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luks Kadife Ticaret. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Luks Kadife's price analysis, check to measure Luks Kadife'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 Luks Kadife is operating at the current time. Most of Luks Kadife's value examination focuses on studying past and present price action to predict the probability of Luks Kadife's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luks Kadife's price. Additionally, you may evaluate how the addition of Luks Kadife to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Luks Kadife's value and its price as these two are different measures arrived at by different means. Investors typically determine if Luks Kadife is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luks Kadife's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.