Vakif Menkul Correlations

VKFYO Stock

TRY 19.62 0.26 1.31%

The current 90-days correlation between Vakif Menkul Kiymet and Bosch Fren Sistemleri is 0.24 (i.e., Modest diversification). The correlation of Vakif Menkul 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.

Vakif Menkul Correlation With Market

Average diversification

The correlation between Vakif Menkul Kiymet and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vakif Menkul Kiymet and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vakif Stock

0.65	ISFIN	Is Finansal Kiralama	Pair Corr
0.72	YGYO	Yesil Gayrimenkul Yatirim	Pair Corr
0.85	ZOREN	Zorlu Enerji Elektrik	Pair Corr
0.85	AYEN	Ayen Enerji AS	Pair Corr
0.75	GENTS	Gentas Genel Metal	Pair Corr
0.81	PENGD	Penguen Gida Sanayi	Pair Corr
0.65	GWIND	Galata Wind Enerji	Pair Corr
0.8	EKGYO	Emlak Konut Gayrimenkul	Pair Corr
0.78	PLTUR	Platform Turizm Tasi	Pair Corr
0.71	BMSTL	Bms Birlesik Metal Split	Pair Corr
0.76	KCAER	Kocaer Celik Sanayi Split	Pair Corr
0.79	KOZAA	Koza Anadolu Metal	Pair Corr
0.68	RYSAS	Reysas Tasimacilik	Pair Corr
0.74	EGEPO	Nasmed Ozel Saglik	Pair Corr
0.66	KCHOL	Koc Holding AS	Pair Corr
0.78	MACKO	Mackolik Internet	Pair Corr
0.8	GLBMD	Global Menkul Degerler	Pair Corr
0.69	ENKAI	ENKA Insaat ve	Pair Corr

Moving against Vakif Stock

0.62	EMNIS	Eminis Ambalaj Sanayi	Pair Corr
0.31	KARSN	Karsan Otomotiv Sanayi	Pair Corr

Related Correlations Analysis

	PAMEL	BFREN	MARKA	DGGYO	IZENR	LOGO	PRZMA	BJKAS	YUNSA
PAMEL		-0.2	-0.38	0.15	0.14	-0.05	-0.24	0.58	0.76	PAMEL
BFREN	-0.2		0.68	-0.16	0.48	0.03	0.55	-0.15	0.03	BFREN
MARKA	-0.38	0.68		0.04	0.46	0.36	0.23	-0.47	-0.07	MARKA
DGGYO	0.15	-0.16	0.04		0.55	0.81	-0.62	-0.56	0.3	DGGYO
IZENR	0.14	0.48	0.46	0.55		0.63	-0.19	-0.42	0.46	IZENR
LOGO	-0.05	0.03	0.36	0.81	0.63		-0.54	-0.74	0.24	LOGO
PRZMA	-0.24	0.55	0.23	-0.62	-0.19	-0.54		0.26	-0.28	PRZMA
BJKAS	0.58	-0.15	-0.47	-0.56	-0.42	-0.74	0.26		0.34	BJKAS
YUNSA	0.76	0.03	-0.07	0.3	0.46	0.24	-0.28	0.34		YUNSA
	PAMEL	BFREN	MARKA	DGGYO	IZENR	LOGO	PRZMA	BJKAS	YUNSA

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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

LOGO	+ 0.81	DGGYO
YUNSA	+ 0.76	PAMEL
MARKA	+ 0.68	BFREN
LOGO	+ 0.63	IZENR
BJKAS	+ 0.58	PAMEL
PRZMA	+ 0.55	BFREN

High negative correlations

BJKAS	- 0.74	LOGO
PRZMA	- 0.62	DGGYO
BJKAS	- 0.56	DGGYO
PRZMA	- 0.54	LOGO
BJKAS	- 0.47	MARKA
BJKAS	- 0.42	IZENR

Risk-Adjusted Indicators

There is a big difference between Vakif Stock performing well and Vakif Menkul 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 Vakif Menkul'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
PAMEL	1.57	(0.11)	0.00	(1.84)	0.00	0.00	3.62	(3.38)	7.85
BFREN	1.63	(0.11)	0.00	0.36	0.00	0.00	4.81	(3.03)	13.56
MARKA	3.89	0.14	0.04	0.24	3.60	(5.30)	9.98	(5.97)	17.05
DGGYO	2.31	0.38	0.15	(1.78)	2.25	(2.92)	6.28	(4.28)	14.92
IZENR	1.85	0.09	0.02	1.83	2.53	(2.07)	4.76	(4.47)	18.06
LOGO	2.10	0.18	0.07	0.38	2.36	(2.37)	4.49	(4.04)	13.05
PRZMA	2.54	(0.58)	0.00	(2.13)	0.00	0.00	4.22	(6.09)	16.46
BJKAS	1.94	(0.48)	0.00	(6.40)	0.00	0.00	4.55	(3.86)	10.70
YUNSA	1.59	(0.25)	0.00	(1.40)	0.00	0.00	2.67	(3.33)	8.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vakif Menkul 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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