Trabzon Liman Correlations
| TLMAN Stock | TRY 128.50 3.20 2.43% |
The correlation of Trabzon Liman 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 Trabzon Liman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trabzon Liman Isletmeciligi 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 Trabzon Liman Isletmeciligi and NYA is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trabzon Liman Isletmeciligi and NYA in the same portfolio, assuming nothing else is changed.
Trabzon |
The ability to find closely correlated positions to Trabzon Liman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trabzon Liman 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 Trabzon Liman - 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 Trabzon Liman Isletmeciligi to buy it.
Moving together with Trabzon Stock
| 0.83 | TAVHL | TAV Havalimanlari Holding | PairCorr |
| 0.84 | EGEEN | Ege Endustri ve | PairCorr |
| 0.8 | TUPRS | Turkiye Petrol Rafin | PairCorr |
| 0.78 | CLEBI | Celebi Hava Servisi | PairCorr |
| 0.86 | FROTO | Ford Otomotiv Sanayi | PairCorr |
| 0.85 | TTRAK | Turk Traktor ve | PairCorr |
| 0.81 | DOCO | DO AG | PairCorr |
| 0.75 | DOAS | Dogus Otomotiv Servis | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Trabzon Liman 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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Already Invested in Trabzon Liman Isletmeciligi?
The danger of trading Trabzon Liman Isletmeciligi 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 Trabzon Liman 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 Trabzon Liman. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Trabzon Liman Isletm 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Trabzon Liman Isletmeciligi. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Trabzon Stock analysis
When running Trabzon Liman's price analysis, check to measure Trabzon Liman'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 Trabzon Liman is operating at the current time. Most of Trabzon Liman's value examination focuses on studying past and present price action to predict the probability of Trabzon Liman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trabzon Liman's price. Additionally, you may evaluate how the addition of Trabzon Liman to your portfolios can decrease your overall portfolio volatility.
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