Nuh Cimento Correlations

NUHCM Stock

TRY 297.50 4.00 1.33%

The current 90-days correlation between Nuh Cimento Sanayi and Ege Endustri ve is 0.25 (i.e., Modest diversification). The correlation of Nuh 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.

Nuh Cimento Correlation With Market

Good diversification

The correlation between Nuh Cimento Sanayi and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuh Cimento Sanayi and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Nuh 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 Nuh 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 Nuh 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 Nuh Cimento Sanayi to buy it.

Moving together with Nuh Stock

0.84	YESIL	Yesil Yatirim Holding	Pair Corr
0.73	VKFYO	Vakif Menkul Kiymet	Pair Corr
0.63	TRCAS	Turcas Petrol AS	Pair Corr
0.72	KOZAA	Koza Anadolu Metal	Pair Corr
0.65	GWIND	Galata Wind Enerji	Pair Corr
0.75	ADESE	Adese Gayrimenkul Yatirim	Pair Corr
0.77	EKGYO	Emlak Konut Gayrimenkul	Pair Corr
0.85	KCAER	Kocaer Celik Sanayi Split	Pair Corr
0.88	GENTS	Gentas Genel Metal	Pair Corr
0.78	ENKAI	ENKA Insaat ve	Pair Corr
0.89	BMSTL	Bms Birlesik Metal Split	Pair Corr
0.84	PLTUR	Platform Turizm Tasi	Pair Corr
0.89	GLBMD	Global Menkul Degerler	Pair Corr
0.9	MACKO	Mackolik Internet	Pair Corr
0.69	KCHOL	Koc Holding AS	Pair Corr
0.87	EGEPO	Nasmed Ozel Saglik	Pair Corr
0.86	PENGD	Penguen Gida Sanayi	Pair Corr
0.83	RYSAS	Reysas Tasimacilik	Pair Corr

Moving against Nuh Stock

0.75

BURVA

Burcelik Vana Sanayi

Pair Corr

Related Correlations Analysis

	EGEEN	BFREN	DOAS	NUHCM	FMIZP	EREGL	ISDMR	TBORG	CCOLA
EGEEN		0.55	0.14	0.39	0.74	0.27	0.17	0.36	-0.07	EGEEN
BFREN	0.55		0.03	-0.13	0.3	-0.4	-0.27	-0.15	-0.35	BFREN
DOAS	0.14	0.03		0.09	0.15	0.31	-0.06	0.11	0.38	DOAS
NUHCM	0.39	-0.13	0.09		0.36	0.58	0.75	0.72	0.42	NUHCM
FMIZP	0.74	0.3	0.15	0.36		0.41	0.3	0.5	0.35	FMIZP
EREGL	0.27	-0.4	0.31	0.58	0.41		0.73	0.55	0.58	EREGL
ISDMR	0.17	-0.27	-0.06	0.75	0.3	0.73		0.73	0.6	ISDMR
TBORG	0.36	-0.15	0.11	0.72	0.5	0.55	0.73		0.67	TBORG
CCOLA	-0.07	-0.35	0.38	0.42	0.35	0.58	0.6	0.67		CCOLA
	EGEEN	BFREN	DOAS	NUHCM	FMIZP	EREGL	ISDMR	TBORG	CCOLA

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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

ISDMR	+ 0.75	NUHCM
FMIZP	+ 0.74	EGEEN
ISDMR	+ 0.73	EREGL
TBORG	+ 0.73	ISDMR
TBORG	+ 0.72	NUHCM
CCOLA	+ 0.67	TBORG

High negative correlations

EREGL	- 0.4	BFREN
CCOLA	- 0.35	BFREN
ISDMR	- 0.27	BFREN
TBORG	- 0.15	BFREN
NUHCM	- 0.13	BFREN
CCOLA	- 0.07	EGEEN

Risk-Adjusted Indicators

There is a big difference between Nuh Stock performing well and Nuh 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 Nuh 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	0.00	4.35	(3.48)	14.68
BFREN	1.63	(0.11)	0.00	0.36	0.00	0.00	4.81	(3.03)	13.56
DOAS	1.29	(0.17)	0.00	(0.30)	0.00	0.00	2.77	(2.31)	8.41
NUHCM	2.08	0.19	0.07	(0.75)	2.17	(2.41)	4.60	(3.23)	16.98
FMIZP	1.86	(0.01)	(0.01)	(0.01)	2.22	(1.93)	4.43	(3.76)	13.74
EREGL	1.42	0.02	0.00	0.07	1.64	(1.60)	3.19	(2.92)	7.76
ISDMR	1.47	0.23	0.13	0.92	1.38	(1.70)	3.69	(2.32)	11.96
TBORG	2.57	0.06	0.01	0.46	3.23	(2.90)	7.11	(5.19)	19.98
CCOLA	1.88	(0.07)	0.00	(0.23)	0.00	0.00	4.46	(4.42)	9.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nuh Cimento 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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