Bursa Cimento Correlations
| BUCIM Stock | TRY 8.12 0.06 0.73% |
The current 90-days correlation between Bursa Cimento Fabrikasi and Ege Endustri ve is 0.33 (i.e., Weak diversification). The correlation of Bursa Cimento 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.
Bursa Cimento Correlation With Market
Significant diversification
The correlation between Bursa Cimento Fabrikasi and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bursa Cimento Fabrikasi and DJI in the same portfolio, assuming nothing else is changed.
Bursa |
The ability to find closely correlated positions to Bursa Cimento could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bursa Cimento 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 Bursa Cimento - 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 Bursa Cimento Fabrikasi to buy it.
Moving together with Bursa Stock
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| 0.68 | KENT | Kent Gida Maddeleri | PairCorr |
| 0.73 | VKFYO | Vakif Menkul Kiymet | PairCorr |
| 0.87 | TRCAS | Turcas Petrol AS | PairCorr |
| 0.8 | KOZAA | Koza Anadolu Metal | PairCorr |
| 0.88 | GWIND | Galata Wind Enerji | PairCorr |
| 0.92 | ADESE | Adese Gayrimenkul Yatirim | PairCorr |
| 0.89 | AKBNK | Akbank TAS | PairCorr |
| 0.95 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.61 | ALFAS | Alfas Solar Enerji | PairCorr |
| 0.93 | KCAER | Kocaer Celik Sanayi Split | PairCorr |
| 0.9 | GENTS | Gentas Genel Metal | PairCorr |
| 0.62 | ENKAI | ENKA Insaat ve | PairCorr |
| 0.79 | BMSTL | Bms Birlesik Metal Split | PairCorr |
| 0.84 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.92 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.81 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.83 | MACKO | Mackolik Internet | PairCorr |
| 0.81 | KCHOL | Koc Holding AS | PairCorr |
| 0.88 | EGEPO | Nasmed Ozel Saglik | PairCorr |
| 0.94 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.73 | RYSAS | Reysas Tasimacilik | PairCorr |
| 0.77 | LKMNH | Lokman Hekim Engurusag | PairCorr |
Moving against Bursa Stock
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bursa Stock performing well and Bursa Cimento 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 Bursa Cimento'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EGEEN | 1.85 | (0.13) | 0.00 | (0.11) | 0.00 | 4.35 | 14.68 | |||
| BFREN | 1.63 | (0.11) | 0.00 | 0.36 | 0.00 | 4.81 | 13.56 | |||
| DOAS | 1.29 | (0.17) | 0.00 | (0.30) | 0.00 | 2.77 | 8.41 | |||
| NUHCM | 2.08 | 0.19 | 0.07 | (0.75) | 2.17 | 4.60 | 16.98 | |||
| FMIZP | 1.86 | (0.01) | (0.01) | (0.01) | 2.22 | 4.43 | 13.74 | |||
| EREGL | 1.42 | 0.02 | 0.00 | 0.07 | 1.64 | 3.19 | 7.76 | |||
| ISDMR | 1.47 | 0.23 | 0.13 | 0.92 | 1.38 | 3.69 | 11.96 | |||
| TBORG | 2.57 | 0.06 | 0.01 | 0.46 | 3.23 | 7.11 | 19.98 | |||
| CCOLA | 1.88 | (0.07) | 0.00 | (0.23) | 0.00 | 4.46 | 9.43 |
Be your own money manager
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Bursa Cimento Corporate Management
Elected by the shareholders, the Bursa Cimento's board of directors comprises two types of representatives: Bursa Cimento inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bursa. The board's role is to monitor Bursa Cimento's management team and ensure that shareholders' interests are well served. Bursa Cimento'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, Bursa Cimento's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Osman Nemli | G Mang | Profile | |
| Ferruh Sentepe | Account Manager | Profile | |
| Salih Seluk | Marketing Mang | Profile | |
| Ilhan Trkmen | HR Mang | Profile | |
| Fehmi Dayan | Investor Mang | Profile | |
| Levent Onat | Gen Technic | Profile |