Burcelik Vana Correlations
| BURVA Stock | TRY 108.50 1.50 1.36% |
The current 90-days correlation between Burcelik Vana Sanayi and Ege Endustri ve is -0.14 (i.e., Good diversification). The correlation of Burcelik Vana 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.
Burcelik Vana Correlation With Market
Significant diversification
The correlation between Burcelik Vana Sanayi 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 Burcelik Vana Sanayi and DJI in the same portfolio, assuming nothing else is changed.
Burcelik |
The ability to find closely correlated positions to Burcelik Vana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Burcelik Vana 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 Burcelik Vana - 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 Burcelik Vana Sanayi to buy it.
Moving against Burcelik Stock
| 0.86 | EGEPO | Nasmed Ozel Saglik | PairCorr |
| 0.85 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.8 | GENTS | Gentas Genel Metal | PairCorr |
| 0.8 | MACKO | Mackolik Internet | PairCorr |
| 0.78 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.77 | RYSAS | Reysas Tasimacilik | PairCorr |
| 0.77 | KCAER | Kocaer Celik Sanayi Split | PairCorr |
| 0.75 | BMSTL | Bms Birlesik Metal Split | PairCorr |
| 0.74 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.73 | LKMNH | Lokman Hekim Engurusag | PairCorr |
| 0.73 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.71 | ADESE | Adese Gayrimenkul Yatirim | PairCorr |
| 0.69 | GWIND | Galata Wind Enerji | PairCorr |
| 0.68 | ENKAI | ENKA Insaat ve | PairCorr |
| 0.64 | KOZAA | Koza Anadolu Metal | PairCorr |
| 0.64 | TRCAS | Turcas Petrol AS | PairCorr |
| 0.63 | AKBNK | Akbank TAS | PairCorr |
| 0.6 | ALFAS | Alfas Solar Enerji | PairCorr |
| 0.59 | SILVR | Silverline Endustri | PairCorr |
| 0.57 | KCHOL | Koc Holding AS | PairCorr |
| 0.57 | YKBNK | Yapi ve Kredi | PairCorr |
| 0.56 | KENT | Kent Gida Maddeleri | PairCorr |
| 0.54 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.53 | ISCTR | Turkiye Is Bankasi | PairCorr |
| 0.51 | SAHOL | Haci Omer Sabanci | PairCorr |
| 0.43 | VAKBN | Turkiye Vakiflar Bankasi | PairCorr |
| 0.37 | HALKB | Turkiye Halk Bankasi | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Burcelik Stock performing well and Burcelik Vana 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 Burcelik Vana'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 | |||
| TUPRS | 1.13 | (0.13) | 0.00 | (0.25) | 0.00 | 2.34 | 5.17 | |||
| GARAN | 1.86 | 0.11 | 0.05 | 0.16 | 2.04 | 4.18 | 9.49 | |||
| FROTO | 1.54 | 0.06 | 0.03 | 0.16 | 1.80 | 3.48 | 11.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Burcelik Vana 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 Money Managers Now
Money ManagersScreen money managers from public funds and ETFs managed around the world |
| All Next | Launch Module |