Correlation Between Datagate Bilgisayar and Gozde Girisim

Can any of the company-specific risk be diversified away by investing in both Datagate Bilgisayar and Gozde Girisim at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Datagate Bilgisayar and Gozde Girisim into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Datagate Bilgisayar Malzemeleri and Gozde Girisim Sermayesi, you can compare the effects of market volatilities on Datagate Bilgisayar and Gozde Girisim and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Datagate Bilgisayar with a short position of Gozde Girisim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Datagate Bilgisayar and Gozde Girisim.

Diversification Opportunities for Datagate Bilgisayar and Gozde Girisim

-0.26

Correlation Coefficient

Datagate Bilgisayar  Gozde Girisim

Very good diversification

The 3 months correlation between Datagate and Gozde is -0.26. Overlapping area represents the amount of risk that can be diversified away by holding Datagate Bilgisayar Malzemeler and Gozde Girisim Sermayesi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gozde Girisim Sermayesi and Datagate Bilgisayar is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Datagate Bilgisayar Malzemeleri are associated (or correlated) with Gozde Girisim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gozde Girisim Sermayesi has no effect on the direction of Datagate Bilgisayar i.e., Datagate Bilgisayar and Gozde Girisim go up and down completely randomly.

Pair Corralation between Datagate Bilgisayar and Gozde Girisim

Assuming the 90 days trading horizon Datagate Bilgisayar Malzemeleri is expected to generate 1.78 times more return on investment than Gozde Girisim. However, Datagate Bilgisayar is 1.78 times more volatile than Gozde Girisim Sermayesi. It trades about 0.19 of its potential returns per unit of risk. Gozde Girisim Sermayesi is currently generating about 0.1 per unit of risk. If you would invest  4,930  in Datagate Bilgisayar Malzemeleri on April 22, 2025 and sell it today you would earn a total of  2,585  from holding Datagate Bilgisayar Malzemeleri or generate 52.43% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Datagate Bilgisayar Malzemeler  vs.  Gozde Girisim Sermayesi

Datagate Bilgisayar

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Datagate Bilgisayar Malzemeleri are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite fairly inconsistent forward indicators, Datagate Bilgisayar demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Gozde Girisim Sermayesi

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Gozde Girisim Sermayesi are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak forward indicators, Gozde Girisim demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Datagate Bilgisayar and Gozde Girisim

The main advantage of trading using opposite Datagate Bilgisayar and Gozde Girisim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Datagate Bilgisayar position performs unexpectedly, Gozde Girisim can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gozde Girisim will offset losses from the drop in Gozde Girisim's long position.

The idea behind Datagate Bilgisayar Malzemeleri and Gozde Girisim Sermayesi pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.