Petrokent Turizm Correlations
| PKENT Stock | TRY 243.00 3.90 1.63% |
The current 90-days correlation between Petrokent Turizm and Logo Yazilim Sanayi is 0.34 (i.e., Weak diversification). The correlation of Petrokent Turizm 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.
Petrokent Turizm Correlation With Market
Good diversification
The correlation between Petrokent Turizm AS and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Petrokent Turizm AS and DJI in the same portfolio, assuming nothing else is changed.
Petrokent |
The ability to find closely correlated positions to Petrokent Turizm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petrokent Turizm 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 Petrokent Turizm - 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 Petrokent Turizm AS to buy it.
Moving together with Petrokent Stock
| 0.61 | ALFAS | Alfas Solar Enerji | PairCorr |
| 0.74 | ENKAI | ENKA Insaat ve | PairCorr |
| 0.61 | MACKO | Mackolik Internet | PairCorr |
| 0.62 | FROTO | Ford Otomotiv Sanayi | PairCorr |
| 0.66 | RYSAS | Reysas Tasimacilik | PairCorr |
Moving against Petrokent Stock
| 0.59 | FLAP | Flap Kongre Toplanti | PairCorr |
| 0.37 | ANHYT | Anadolu Hayat Emeklilik | PairCorr |
| 0.37 | TUPRS | Turkiye Petrol Rafin | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Petrokent Stock performing well and Petrokent Turizm 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 Petrokent Turizm'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QNBFL | 2.86 | (0.77) | 0.00 | (1.01) | 0.00 | 9.95 | 60.35 | |||
| PAMEL | 1.57 | (0.11) | 0.00 | (1.84) | 0.00 | 3.62 | 7.85 | |||
| IZENR | 1.85 | 0.09 | 0.02 | 1.83 | 2.53 | 4.76 | 18.06 | |||
| LOGO | 2.10 | 0.18 | 0.07 | 0.38 | 2.36 | 4.49 | 13.05 | |||
| PRZMA | 2.54 | (0.58) | 0.00 | (2.13) | 0.00 | 4.22 | 16.46 | |||
| BJKAS | 1.94 | (0.48) | 0.00 | (6.40) | 0.00 | 4.55 | 10.70 | |||
| EUYO | 2.21 | 0.30 | 0.13 | (0.50) | 1.88 | 7.65 | 11.70 | |||
| YATAS | 1.51 | (0.09) | 0.00 | (0.41) | 0.00 | 3.63 | 14.46 | |||
| GEDIK | 1.51 | 0.30 | 0.12 | 0.70 | 1.98 | 3.67 | 17.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Petrokent Turizm 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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Petrokent Turizm Corporate Management
Elected by the shareholders, the Petrokent Turizm's board of directors comprises two types of representatives: Petrokent Turizm inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Petrokent. The board's role is to monitor Petrokent Turizm's management team and ensure that shareholders' interests are well served. Petrokent Turizm'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, Petrokent Turizm's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Osman Ozkan | Member of the Board | Profile | |
| Akin Okyay | Operations Manager, Investor Relations Department Manager | Profile | |
| Yasar Aysev | Member of the Board | Profile | |
| Sadettin Ozbezeyen | Member of the Board | Profile |