Zedur Enerji Correlations

ZEDUR Stock

7.88 0.03 0.38%

The current 90-days correlation between Zedur Enerji Elektrik and Ihlas Holding AS is 0.32 (i.e., Weak diversification). The correlation of Zedur Enerji 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.

Zedur Enerji Correlation With Market

Significant diversification

The correlation between Zedur Enerji Elektrik and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zedur Enerji Elektrik and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Zedur Stock

0.77	ALARK	Alarko Holding AS	Pair Corr
0.77	DOHOL	Dogan Sirketler Grubu	Pair Corr
0.76	ECZYT	Eczacibasi Yatirim	Pair Corr
0.78	BERA	Bera Holding AS	Pair Corr
0.71	MZHLD	Mazhar Zorlu Holding	Pair Corr
0.64	EGEEN	Ege Endustri ve	Pair Corr
0.76	FMIZP	Federal Mogul Izmit	Pair Corr
0.66	EREGL	Eregli Demir ve Split	Pair Corr
0.7	TBORG	Turk Tuborg Bira	Pair Corr
0.77	KOZAA	Koza Anadolu Metal	Pair Corr
0.69	PENGD	Penguen Gida Sanayi	Pair Corr
0.64	EGEPO	Nasmed Ozel Saglik	Pair Corr
0.68	KCAER	Kocaer Celik Sanayi Split	Pair Corr
0.73	EKGYO	Emlak Konut Gayrimenkul	Pair Corr
0.62	PLTUR	Platform Turizm Tasi	Pair Corr
0.74	SILVR	Silverline Endustri	Pair Corr
0.7	LKMNH	Lokman Hekim Engurusag	Pair Corr

Related Correlations Analysis

	KCHOL	ALARK	KONTR	DOHOL	ECZYT	BERA	ZEDUR	IHLAS	MZHLD
KCHOL		0.85	0.5	0.74	0.77	0.85	0.58	0.79	0.69	KCHOL
ALARK	0.85		0.7	0.78	0.86	0.87	0.77	0.81	0.83	ALARK
KONTR	0.5	0.7		0.31	0.69	0.45	0.59	0.52	0.47	KONTR
DOHOL	0.74	0.78	0.31		0.77	0.92	0.77	0.55	0.68	DOHOL
ECZYT	0.77	0.86	0.69	0.77		0.84	0.76	0.69	0.68	ECZYT
BERA	0.85	0.87	0.45	0.92	0.84		0.78	0.72	0.78	BERA
ZEDUR	0.58	0.77	0.59	0.77	0.76	0.78		0.44	0.71	ZEDUR
IHLAS	0.79	0.81	0.52	0.55	0.69	0.72	0.44		0.82	IHLAS
MZHLD	0.69	0.83	0.47	0.68	0.68	0.78	0.71	0.82		MZHLD
	KCHOL	ALARK	KONTR	DOHOL	ECZYT	BERA	ZEDUR	IHLAS	MZHLD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Zedur Stock performing well and Zedur Enerji 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 Zedur Enerji'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
KCHOL	1.55	(0.03)	0.00	(0.06)	0.00	0.00	3.02	(3.02)	7.98
ALARK	1.53	(0.02)	(0.01)	0.00	1.89	(1.70)	3.24	(2.86)	9.93
KONTR	2.28	(0.13)	0.00	(0.35)	0.00	0.00	4.62	(3.58)	16.21
DOHOL	1.60	(0.01)	(0.01)	0.00	2.01	(1.66)	2.87	(3.30)	9.37
ECZYT	1.59	(0.01)	0.00	0.09	0.00	0.00	4.25	(3.62)	13.76
BERA	1.91	(0.09)	0.00	(0.17)	0.00	0.00	3.47	(4.15)	10.86
ZEDUR	1.69	(0.15)	0.00	(1.17)	0.00	0.00	3.33	(3.61)	10.37
IHLAS	4.76	1.82	0.36	1.04	3.63	(6.12)	9.93	(9.86)	19.92
MZHLD	1.86	(0.04)	0.00	(0.13)	0.00	0.00	2.90	(2.70)	12.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zedur Enerji 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?

Run ETFs Now

ETFs

Find actively traded Exchange Traded Funds (ETF) from around the world

All Next

Launch Module

Zedur Enerji Corporate Management

Elected by the shareholders, the Zedur Enerji's board of directors comprises two types of representatives: Zedur Enerji inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zedur. The board's role is to monitor Zedur Enerji's management team and ensure that shareholders' interests are well served. Zedur Enerji'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, Zedur Enerji's outside directors are responsible for providing unbiased perspectives on the board's policies.

Cengiz Aksoyer	G Mang	Profile
Elvan Altuntas	Accounting Mang	Profile
Zuhal Lk	F Mang	Profile
Onan eltik	Investor Mang	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC