Aksa Enerji Correlations
| AKSEN Stock | TRY 35.88 0.32 0.90% |
The current 90-days correlation between Aksa Enerji Uretim and Aksa Akrilik Kimya is 0.46 (i.e., Very weak diversification). The correlation of Aksa Enerji 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Aksa Enerji Correlation With Market
Average diversification
The correlation between Aksa Enerji Uretim and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aksa Enerji Uretim and DJI in the same portfolio, assuming nothing else is changed.
Aksa |
The ability to find closely correlated positions to Aksa Enerji could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aksa Enerji 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 Aksa Enerji - 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 Aksa Enerji Uretim to buy it.
Moving together with Aksa Stock
Moving against Aksa Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aksa Stock performing well and Aksa Enerji Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aksa Enerji's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKSA | 1.85 | 0.18 | 0.07 | 0.43 | 1.75 | 3.60 | 13.44 | |||
| SISE | 1.53 | (0.17) | 0.00 | (0.15) | 0.00 | 2.49 | 7.48 | |||
| HEKTS | 2.30 | (0.05) | (0.03) | 0.06 | 2.71 | 4.72 | 17.58 | |||
| SASA | 1.94 | (0.27) | 0.00 | (0.28) | 0.00 | 4.44 | 10.59 | |||
| ALARK | 1.57 | (0.11) | (0.06) | 0.02 | 1.90 | 3.25 | 9.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aksa Enerji 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?
Run Instant Ratings Now
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Aksa Enerji Corporate Management
Elected by the shareholders, the Aksa Enerji's board of directors comprises two types of representatives: Aksa Enerji inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aksa. The board's role is to monitor Aksa Enerji's management team and ensure that shareholders' interests are well served. Aksa Enerji's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aksa Enerji's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tulay Kazanci | Member of the Board | Profile | |
| Selim Donmez | Investment Director | Profile | |
| Mustafa Kiziltunc | Investments and Engineering Director | Profile | |
| Omer Baktir | Board Member | Profile | |
| Ilhan Helvaci | Independent Board Member | Profile |