Correlation Between Escort Teknoloji and TSKB Gayrimenkul

Can any of the company-specific risk be diversified away by investing in both Escort Teknoloji and TSKB Gayrimenkul 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 Escort Teknoloji and TSKB Gayrimenkul into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Escort Teknoloji Yatirim and TSKB Gayrimenkul Yatirim, you can compare the effects of market volatilities on Escort Teknoloji and TSKB Gayrimenkul 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 Escort Teknoloji with a short position of TSKB Gayrimenkul. Check out your portfolio center. Please also check ongoing floating volatility patterns of Escort Teknoloji and TSKB Gayrimenkul.

Diversification Opportunities for Escort Teknoloji and TSKB Gayrimenkul

0.33

Correlation Coefficient

Escort Teknoloji  TSKB Gayrimenkul

Weak diversification

The 3 months correlation between Escort and TSKB is 0.33. Overlapping area represents the amount of risk that can be diversified away by holding Escort Teknoloji Yatirim and TSKB Gayrimenkul Yatirim in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TSKB Gayrimenkul Yatirim and Escort Teknoloji 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 Escort Teknoloji Yatirim are associated (or correlated) with TSKB Gayrimenkul. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TSKB Gayrimenkul Yatirim has no effect on the direction of Escort Teknoloji i.e., Escort Teknoloji and TSKB Gayrimenkul go up and down completely randomly.

Pair Corralation between Escort Teknoloji and TSKB Gayrimenkul

Assuming the 90 days trading horizon Escort Teknoloji Yatirim is expected to generate 1.45 times more return on investment than TSKB Gayrimenkul. However, Escort Teknoloji is 1.45 times more volatile than TSKB Gayrimenkul Yatirim. It trades about 0.16 of its potential returns per unit of risk. TSKB Gayrimenkul Yatirim is currently generating about 0.11 per unit of risk. If you would invest  255.00  in Escort Teknoloji Yatirim on April 22, 2025 and sell it today you would earn a total of  88.00  from holding Escort Teknoloji Yatirim or generate 34.51% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

Escort Teknoloji Yatirim  vs.  TSKB Gayrimenkul Yatirim

Escort Teknoloji Yatirim

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Escort Teknoloji Yatirim are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite fairly inconsistent forward indicators, Escort Teknoloji demonstrated solid returns over the last few months and may actually be approaching a breakup point.

TSKB Gayrimenkul Yatirim

Risk-Adjusted Performance

OK

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

Pair Trading with Escort Teknoloji and TSKB Gayrimenkul

The main advantage of trading using opposite Escort Teknoloji and TSKB Gayrimenkul positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Escort Teknoloji position performs unexpectedly, TSKB Gayrimenkul 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 TSKB Gayrimenkul will offset losses from the drop in TSKB Gayrimenkul's long position.

The idea behind Escort Teknoloji Yatirim and TSKB Gayrimenkul Yatirim 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.