Kontrolmatik Teknoloji Correlations

KONTR Stock

TRY 40.00 2.10 4.99%

The current 90-days correlation between Kontrolmatik Teknoloji and Alarko Holding AS is 0.56 (i.e., Very weak diversification). The correlation of Kontrolmatik Teknoloji 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.

Kontrolmatik Teknoloji Correlation With Market

Significant diversification

The correlation between Kontrolmatik Teknoloji Enerji and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kontrolmatik Teknoloji Enerji and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kontrolmatik Teknoloji could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kontrolmatik Teknoloji 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 Kontrolmatik Teknoloji - 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 Kontrolmatik Teknoloji Enerji to buy it.

Moving together with Kontrolmatik Stock

0.7	ALARK	Alarko Holding AS	Pair Corr
0.69	ECZYT	Eczacibasi Yatirim	Pair Corr
0.74	EGEEN	Ege Endustri ve	Pair Corr
0.63	KOZAA	Koza Anadolu Metal	Pair Corr
0.61	MACKO	Mackolik Internet	Pair Corr
0.76	ENKAI	ENKA Insaat ve	Pair Corr
0.71	FROTO	Ford Otomotiv Sanayi	Pair Corr

Related Correlations Analysis

	KCHOL	ALARK	KONTR	DOHOL	ECZYT	BERA	ZEDUR	IHLAS	MZHLD
KCHOL		0.85	0.5	0.74	0.77	0.85	0.58	0.79	0.69	KCHOL
ALARK	0.85		0.7	0.78	0.86	0.87	0.77	0.81	0.83	ALARK
KONTR	0.5	0.7		0.31	0.69	0.45	0.59	0.52	0.47	KONTR
DOHOL	0.74	0.78	0.31		0.77	0.92	0.77	0.55	0.68	DOHOL
ECZYT	0.77	0.86	0.69	0.77		0.84	0.76	0.69	0.68	ECZYT
BERA	0.85	0.87	0.45	0.92	0.84		0.78	0.72	0.78	BERA
ZEDUR	0.58	0.77	0.59	0.77	0.76	0.78		0.44	0.71	ZEDUR
IHLAS	0.79	0.81	0.52	0.55	0.69	0.72	0.44		0.82	IHLAS
MZHLD	0.69	0.83	0.47	0.68	0.68	0.78	0.71	0.82		MZHLD
	KCHOL	ALARK	KONTR	DOHOL	ECZYT	BERA	ZEDUR	IHLAS	MZHLD

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Kontrolmatik Stock performing well and Kontrolmatik Teknoloji 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 Kontrolmatik Teknoloji'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
KCHOL	1.55	(0.03)	0.00	(0.06)	0.00	0.00	3.02	(3.02)	7.98
ALARK	1.53	(0.02)	(0.01)	0.00	1.89	(1.70)	3.24	(2.86)	9.93
KONTR	2.28	(0.13)	0.00	(0.35)	0.00	0.00	4.62	(3.58)	16.21
DOHOL	1.60	(0.01)	(0.01)	0.00	2.01	(1.66)	2.87	(3.30)	9.37
ECZYT	1.59	(0.01)	0.00	0.09	0.00	0.00	4.25	(3.62)	13.76
BERA	1.91	(0.09)	0.00	(0.17)	0.00	0.00	3.47	(4.15)	10.86
ZEDUR	1.69	(0.15)	0.00	(1.17)	0.00	0.00	3.33	(3.61)	10.37
IHLAS	4.76	1.82	0.36	1.04	3.63	(6.12)	9.93	(9.86)	19.92
MZHLD	1.86	(0.04)	0.00	(0.13)	0.00	0.00	2.90	(2.70)	12.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kontrolmatik Teknoloji 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.

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