ODAS Elektrik Correlations
| ODAS Stock | TRY 6.31 0.10 1.56% |
The current 90-days correlation between ODAS Elektrik Uretim and Turkiye Petrol Rafinerileri is 0.44 (i.e., Very weak diversification). The correlation of ODAS Elektrik 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. If the correlation is 0, the equities are not correlated; they are entirely random.
ODAS Elektrik Correlation With Market
Significant diversification
The correlation between ODAS Elektrik Uretim and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ODAS Elektrik Uretim and DJI in the same portfolio, assuming nothing else is changed.
ODAS |
The ability to find closely correlated positions to ODAS Elektrik could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ODAS Elektrik 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 ODAS Elektrik - 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 ODAS Elektrik Uretim to buy it.
Moving together with ODAS Stock
| 0.73 | BIMAS | BIM Birlesik Magazalar | PairCorr |
| 0.79 | SAHOL | Haci Omer Sabanci | PairCorr |
| 0.84 | AGHOL | AG Anadolu Group | PairCorr |
| 0.9 | MGROS | Migros Ticaret AS | PairCorr |
| 0.66 | ARCLK | Arcelik AS | PairCorr |
| 0.9 | THYAO | Turkish Airlines | PairCorr |
| 0.83 | SISE | Turkiye Sise ve | PairCorr |
| 0.72 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.69 | GENTS | Gentas Genel Metal | PairCorr |
| 0.83 | BEYAZ | Beyaz Filo Oto | PairCorr |
| 0.63 | MACKO | Mackolik Internet | PairCorr |
| 0.62 | GLBMD | Global Menkul Degerler | PairCorr |
| 0.62 | KENT | Kent Gida Maddeleri | PairCorr |
| 0.76 | KCHOL | Koc Holding AS | PairCorr |
| 0.82 | LKMNH | Lokman Hekim Engurusag | PairCorr |
| 0.66 | TRCAS | Turcas Petrol AS | PairCorr |
| 0.71 | ADESE | Adese Gayrimenkul Yatirim | PairCorr |
| 0.84 | KOZAA | Koza Anadolu Metal | PairCorr |
| 0.75 | PLTUR | Platform Turizm Tasi | PairCorr |
| 0.67 | DGGYO | Dogus Gayrimenkul Yatirim | PairCorr |
| 0.75 | EGEPO | Nasmed Ozel Saglik | PairCorr |
| 0.8 | PENGD | Penguen Gida Sanayi | PairCorr |
| 0.77 | KCAER | Kocaer Celik Sanayi Split | PairCorr |
| 0.72 | GWIND | Galata Wind Enerji | PairCorr |
| 0.72 | SILVR | Silverline Endustri | PairCorr |
| 0.87 | EKGYO | Emlak Konut Gayrimenkul | PairCorr |
| 0.68 | ALKIM | Alkim Alkali Kimya Split | PairCorr |
| 0.85 | AKBNK | Akbank TAS | PairCorr |
Moving against ODAS Stock
Related Correlations Analysis
| 0.23 | 0.6 | 0.77 | -0.45 | TUPRS | ||
| 0.23 | 0.62 | 0.17 | 0.11 | AKSA | ||
| 0.6 | 0.62 | 0.6 | -0.11 | ARCLK | ||
| 0.77 | 0.17 | 0.6 | -0.21 | TOASO | ||
| -0.45 | 0.11 | -0.11 | -0.21 | FROTO | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between ODAS Stock performing well and ODAS Elektrik 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 ODAS Elektrik'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TUPRS | 1.13 | (0.13) | 0.00 | (0.25) | 0.00 | 2.34 | 5.17 | |||
| AKSA | 2.04 | 0.40 | 0.18 | 2.47 | 1.84 | 5.33 | 13.44 | |||
| ARCLK | 1.54 | (0.03) | 0.00 | (0.03) | 0.00 | 3.04 | 8.38 | |||
| TOASO | 1.79 | (0.27) | 0.00 | (0.47) | 0.00 | 3.73 | 10.29 | |||
| 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 ODAS Elektrik 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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Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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ODAS Elektrik Corporate Management
Elected by the shareholders, the ODAS Elektrik's board of directors comprises two types of representatives: ODAS Elektrik inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ODAS. The board's role is to monitor ODAS Elektrik's management team and ensure that shareholders' interests are well served. ODAS Elektrik'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, ODAS Elektrik's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Melih Yceyurt | Director Relations | Profile | |
| Levent Yarali | Independent Member of the Board | Profile | |
| M Arpaciogullari | Chief Legal Counsel | Profile | |
| Hafize Dinc | Member of the Board | Profile | |
| M Tuncer | HR Director | Profile |