Correlation Between TSKB Gayrimenkul and Inveo Yatirim

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

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

Diversification Opportunities for TSKB Gayrimenkul and Inveo Yatirim

0.4

Correlation Coefficient

TSKB Gayrimenkul  Inveo Yatirim

Very weak diversification

The 3 months correlation between TSKB and Inveo is 0.4. Overlapping area represents the amount of risk that can be diversified away by holding TSKB Gayrimenkul Yatirim and Inveo Yatirim Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Inveo Yatirim Holding and TSKB Gayrimenkul 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 TSKB Gayrimenkul Yatirim are associated (or correlated) with Inveo Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Inveo Yatirim Holding has no effect on the direction of TSKB Gayrimenkul i.e., TSKB Gayrimenkul and Inveo Yatirim go up and down completely randomly.

Pair Corralation between TSKB Gayrimenkul and Inveo Yatirim

Assuming the 90 days trading horizon TSKB Gayrimenkul is expected to generate 3.18 times less return on investment than Inveo Yatirim. But when comparing it to its historical volatility, TSKB Gayrimenkul Yatirim is 1.83 times less risky than Inveo Yatirim. It trades about 0.1 of its potential returns per unit of risk. Inveo Yatirim Holding is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest  621.00  in Inveo Yatirim Holding on April 24, 2025 and sell it today you would earn a total of  316.00  from holding Inveo Yatirim Holding or generate 50.89% return on investment over 90 days.

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

TSKB Gayrimenkul Yatirim  vs.  Inveo Yatirim Holding

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 7 (%) 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.

Inveo Yatirim Holding

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Inveo Yatirim Holding are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite fairly uncertain forward indicators, Inveo Yatirim demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with TSKB Gayrimenkul and Inveo Yatirim

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

The idea behind TSKB Gayrimenkul Yatirim and Inveo Yatirim Holding 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.