EIS Eczacibasi Correlations
| ECILC Stock | TRY 48.82 0.60 1.24% |
The current 90-days correlation between EIS Eczacibasi Ilac and Alkim Kagit Sanayi is 0.27 (i.e., Modest diversification). The correlation of EIS Eczacibasi 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.
EIS Eczacibasi Correlation With Market
Average diversification
The correlation between EIS Eczacibasi Ilac and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EIS Eczacibasi Ilac and DJI in the same portfolio, assuming nothing else is changed.
EIS |
The ability to find closely correlated positions to EIS Eczacibasi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EIS Eczacibasi 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 EIS Eczacibasi - 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 EIS Eczacibasi Ilac to buy it.
Moving together with EIS Stock
| 0.84 | ISCTR | Turkiye Is Bankasi | PairCorr |
| 0.86 | YKBNK | Yapi ve Kredi | PairCorr |
| 0.85 | AKBNK | Akbank TAS | PairCorr |
| 0.67 | HALKB | Turkiye Halk Bankasi | PairCorr |
| 0.73 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.94 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.64 | KENT | Kent Gida Maddeleri | PairCorr |
| 0.8 | KCHOL | Koc Holding AS | PairCorr |
| 0.86 | EGEPO | Nasmed Ozel Saglik | PairCorr |
| 0.85 | ADESE | Adese Gayrimenkul Yatirim | PairCorr |
| 0.88 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.86 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.68 | RYSAS | Reysas Tasimacilik | PairCorr |
| 0.8 | LKMNH | Lokman Hekim Engurusag | PairCorr |
| 0.8 | MACKO | Mackolik Internet | PairCorr |
| 0.82 | GENTS | Gentas Genel Metal | PairCorr |
| 0.68 | TRCAS | Turcas Petrol AS | PairCorr |
| 0.7 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.7 | BMSTL | Bms Birlesik Metal Split | PairCorr |
| 0.92 | KOZAA | Koza Anadolu Metal | PairCorr |
| 0.76 | GWIND | Galata Wind Enerji | PairCorr |
| 0.69 | SILVR | Silverline Endustri | PairCorr |
| 0.86 | KCAER | Kocaer Celik Sanayi Split | PairCorr |
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 EIS Stock performing well and EIS Eczacibasi 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 EIS Eczacibasi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TLMAN | 1.90 | (0.06) | 0.00 | (0.23) | 0.00 | 3.58 | 14.40 | |||
| BAYRK | 1.94 | (0.28) | 0.00 | 1.08 | 0.00 | 4.64 | 15.62 | |||
| ALKA | 1.89 | 0.29 | 0.11 | (1.04) | 2.06 | 6.12 | 12.54 | |||
| FMIZP | 1.86 | (0.01) | (0.01) | (0.01) | 2.22 | 4.43 | 13.74 | |||
| ATLAS | 1.92 | 0.35 | 0.16 | (4.81) | 1.70 | 4.24 | 14.14 | |||
| KARTN | 1.80 | (0.03) | 0.00 | (0.19) | 0.00 | 3.99 | 8.90 | |||
| CEMTS | 1.22 | (0.12) | 0.00 | (0.29) | 0.00 | 2.53 | 5.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in EIS Eczacibasi 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?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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EIS Eczacibasi Corporate Management
Elected by the shareholders, the EIS Eczacibasi's board of directors comprises two types of representatives: EIS Eczacibasi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EIS. The board's role is to monitor EIS Eczacibasi's management team and ensure that shareholders' interests are well served. EIS Eczacibasi'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, EIS Eczacibasi's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sedat Birol | Executive VP of Healthcare Division, General Manager and Health Group Pres | Profile | |
| Muge Satir | Acting Mang | Profile | |
| lk Taktak | VP HR | Profile | |
| Erdal Karamercan | Pres AS | Profile | |
| Simay Unal | Investor Mang | Profile | |
| Glnur Kartal | Capital Mang | Profile | |
| Levent Ersalman | President of Strategic Planning and Financing Group | Profile |