Pasifik Eurasia Correlations

PASEU Stock

29.54 0.54 1.86%

The current 90-days correlation between Pasifik Eurasia Lojistik and SASA Polyester Sanayi is 0.02 (i.e., Significant diversification). The correlation of Pasifik Eurasia 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.

Pasifik Eurasia Correlation With Market

Average diversification

The correlation between Pasifik Eurasia Lojistik and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pasifik Eurasia Lojistik and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pasifik Stock

0.61	THYAO	Turkish Airlines	Pair Corr
0.76	ENKAI	ENKA Insaat ve	Pair Corr
0.82	ASELS	Aselsan Elektronik Sanayi	Pair Corr
0.67	CUSAN	Cuhadaroglu Metal Sanayi	Pair Corr
0.82	PENGD	Penguen Gida Sanayi	Pair Corr
0.92	RYSAS	Reysas Tasimacilik	Pair Corr
0.83	EGEPO	Nasmed Ozel Saglik	Pair Corr
0.86	DGGYO	Dogus Gayrimenkul Yatirim	Pair Corr
0.89	GENTS	Gentas Genel Metal	Pair Corr
0.71	TRCAS	Turcas Petrol AS	Pair Corr
0.69	KUYAS	Kuyas Yatirim AS Split	Pair Corr
0.84	PLTUR	Platform Turizm Tasi	Pair Corr
0.96	BORLS	Borlease Otomotiv	Pair Corr
0.84	LOGO	Logo Yazilim Sanayi	Pair Corr
0.62	KOZAA	Koza Anadolu Metal	Pair Corr
0.85	GLBMD	Global Menkul Degerler	Pair Corr
0.89	BMSTL	Bms Birlesik Metal Split	Pair Corr
0.9	MACKO	Mackolik Internet	Pair Corr
0.67	BEYAZ	Beyaz Filo Oto	Pair Corr
0.82	KCAER	Kocaer Celik Sanayi Split	Pair Corr
0.76	GWIND	Galata Wind Enerji	Pair Corr
0.78	EKGYO	Emlak Konut Gayrimenkul	Pair Corr
0.79	ADESE	Adese Gayrimenkul Yatirim	Pair Corr
0.67	ALKIM	Alkim Alkali Kimya Split	Pair Corr

Moving against Pasifik Stock

0.33

ARASE

Dogu Aras Enerji

Pair Corr

Related Correlations Analysis

	SASA	THYAO	KCHOL	FROTO	ENKAI	TUPRS	EREGL	ASELS
SASA		0.6	0.0	-0.31	0.14	0.54	0.6	0.24	SASA
THYAO	0.6		0.0	0.38	0.69	0.15	0.76	0.72	THYAO
KCHOL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	KCHOL
FROTO	-0.31	0.38	0.0		0.72	-0.37	0.07	0.56	FROTO
ENKAI	0.14	0.69	0.0	0.72		-0.1	0.48	0.9	ENKAI
TUPRS	0.54	0.15	0.0	-0.37	-0.1		0.46	-0.1	TUPRS
EREGL	0.6	0.76	0.0	0.07	0.48	0.46		0.53	EREGL
ASELS	0.24	0.72	0.0	0.56	0.9	-0.1	0.53		ASELS
	SASA	THYAO	KCHOL	FROTO	ENKAI	TUPRS	EREGL	ASELS

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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

ASELS	+ 0.9	ENKAI
EREGL	+ 0.76	THYAO
ASELS	+ 0.72	THYAO
ENKAI	+ 0.72	FROTO
ENKAI	+ 0.69	THYAO
THYAO	+ 0.6	SASA

High negative correlations

TUPRS	- 0.37	FROTO
FROTO	- 0.31	SASA
ASELS	- 0.1	TUPRS
TUPRS	- 0.1	ENKAI
ASELS	- 0.0	KCHOL
EREGL	- 0.0	KCHOL

Risk-Adjusted Indicators

There is a big difference between Pasifik Stock performing well and Pasifik Eurasia 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 Pasifik Eurasia'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
SASA	1.69	(0.15)	0.00	(0.18)	0.00	0.00	3.48	(3.48)	10.13
THYAO	1.29	(0.07)	0.00	(0.10)	0.00	0.00	2.65	(2.55)	8.43
KCHOL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FROTO	1.55	0.05	0.02	0.16	1.86	(1.79)	3.48	(3.31)	11.45
ENKAI	1.95	0.10	0.03	0.24	2.31	(2.02)	4.75	(3.81)	13.49
TUPRS	1.11	(0.16)	0.00	(0.45)	0.00	0.00	2.34	(2.08)	5.17
EREGL	1.41	0.00	(0.01)	0.04	1.62	(1.63)	3.19	(2.92)	7.76
ASELS	1.66	0.32	0.14	(1.21)	1.58	(1.97)	4.55	(3.11)	9.31

Pasifik Eurasia Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pasifik Eurasia stock to make a market-neutral strategy. Peer analysis of Pasifik Eurasia could also be used in its relative valuation, which is a method of valuing Pasifik Eurasia by comparing valuation metrics with similar companies.

SASA Polyester Sanayi Turkish Airlines Koc Holding AS Ford Otomotiv Sanayi ENKA Insaat ve Turkiye Petrol Rafinerileri Eregli Demir ve Aselsan Elektronik Sanayi American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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