Correlation Between Yesil Yapi and Oba Makarnaclk

Can any of the company-specific risk be diversified away by investing in both Yesil Yapi and Oba Makarnaclk 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 Yesil Yapi and Oba Makarnaclk into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Yesil Yapi Endustrisi and Oba Makarnaclk San, you can compare the effects of market volatilities on Yesil Yapi and Oba Makarnaclk 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 Yesil Yapi with a short position of Oba Makarnaclk. Check out your portfolio center. Please also check ongoing floating volatility patterns of Yesil Yapi and Oba Makarnaclk.

Diversification Opportunities for Yesil Yapi and Oba Makarnaclk

-0.53

Correlation Coefficient

Yesil Yapi  Oba Makarnaclk

Excellent diversification

The 3 months correlation between Yesil and Oba is -0.53. Overlapping area represents the amount of risk that can be diversified away by holding Yesil Yapi Endustrisi and Oba Makarnaclk San in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oba Makarnaclk San and Yesil Yapi 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 Yesil Yapi Endustrisi are associated (or correlated) with Oba Makarnaclk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oba Makarnaclk San has no effect on the direction of Yesil Yapi i.e., Yesil Yapi and Oba Makarnaclk go up and down completely randomly.

Pair Corralation between Yesil Yapi and Oba Makarnaclk

Assuming the 90 days trading horizon Yesil Yapi Endustrisi is expected to generate 0.93 times more return on investment than Oba Makarnaclk. However, Yesil Yapi Endustrisi is 1.08 times less risky than Oba Makarnaclk. It trades about 0.11 of its potential returns per unit of risk. Oba Makarnaclk San is currently generating about -0.07 per unit of risk. If you would invest  140.00  in Yesil Yapi Endustrisi on April 22, 2025 and sell it today you would earn a total of  31.00  from holding Yesil Yapi Endustrisi or generate 22.14% return on investment over 90 days.

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

Yesil Yapi Endustrisi  vs.  Oba Makarnaclk San

Yesil Yapi Endustrisi

Risk-Adjusted Performance

OK

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

Oba Makarnaclk San

Risk-Adjusted Performance

Very Weak

Over the last 90 days Oba Makarnaclk San has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's forward indicators remain fairly strong which may send shares a bit higher in August 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Pair Trading with Yesil Yapi and Oba Makarnaclk

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

The idea behind Yesil Yapi Endustrisi and Oba Makarnaclk San 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 Anywhere module to track or share privately all of your investments from the convenience of any device.