Matriks Bilgi Correlations

MTRKS Stock

TRY 20.00 0.38 1.86%

The current 90-days correlation between Matriks Bilgi Dagitim and Turkiye Is Bankasi is -0.05 (i.e., Good diversification). The correlation of Matriks Bilgi 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.

Matriks Bilgi Correlation With Market

Average diversification

The correlation between Matriks Bilgi Dagitim and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matriks Bilgi Dagitim and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Matriks Stock

0.68	IHGZT	Ihlas Gazetecilik	Pair Corr
0.63	KUYAS	Kuyas Yatirim AS Split	Pair Corr
0.79	GENTS	Gentas Genel Metal	Pair Corr

Related Correlations Analysis

	ISBTR	EGEEN	TUPRS	OTKAR	FROTO	TTRAK	THYAO
ISBTR		0.38	0.31	-0.27	-0.01	-0.01	0.35	ISBTR
EGEEN	0.38		-0.02	-0.21	0.51	0.53	0.56	EGEEN
TUPRS	0.31	-0.02		0.22	-0.46	-0.18	0.47	TUPRS
OTKAR	-0.27	-0.21	0.22		0.17	0.49	0.47	OTKAR
FROTO	-0.01	0.51	-0.46	0.17		0.74	0.27	FROTO
TTRAK	-0.01	0.53	-0.18	0.49	0.74		0.64	TTRAK
THYAO	0.35	0.56	0.47	0.47	0.27	0.64		THYAO
	ISBTR	EGEEN	TUPRS	OTKAR	FROTO	TTRAK	THYAO

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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

TTRAK	+ 0.74	FROTO
THYAO	+ 0.64	TTRAK
THYAO	+ 0.56	EGEEN
TTRAK	+ 0.53	EGEEN
FROTO	+ 0.51	EGEEN
TTRAK	+ 0.49	OTKAR

High negative correlations

FROTO	- 0.46	TUPRS
OTKAR	- 0.27	ISBTR
OTKAR	- 0.21	EGEEN
TTRAK	- 0.18	TUPRS
TUPRS	- 0.02	EGEEN
TTRAK	- 0.01	ISBTR

Risk-Adjusted Indicators

There is a big difference between Matriks Stock performing well and Matriks Bilgi 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 Matriks Bilgi'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
ISBTR	1.90	(0.15)	0.00	(0.56)	0.00	0.00	7.09	(5.17)	17.23
EGEEN	1.87	(0.11)	0.00	(0.09)	0.00	0.00	4.35	(3.48)	14.68
TUPRS	1.15	(0.10)	0.00	(0.17)	0.00	0.00	2.49	(2.08)	5.19
OTKAR	1.45	0.11	0.05	0.66	1.47	(2.04)	3.52	(2.84)	14.65
FROTO	1.55	0.08	0.04	0.19	1.82	(1.80)	3.48	(3.31)	11.45
TTRAK	1.38	(0.02)	(0.02)	0.00	1.45	(1.63)	3.34	(2.62)	6.70
THYAO	1.34	(0.02)	(0.02)	(0.01)	1.56	(1.48)	3.23	(2.55)	8.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Matriks Bilgi 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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