Correlation Between PLDT and Turkcell Iletisim

Can any of the company-specific risk be diversified away by investing in both PLDT and Turkcell Iletisim at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining PLDT and Turkcell Iletisim into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between PLDT Inc ADR and Turkcell Iletisim Hizmetleri, you can compare the effects of market volatilities on PLDT and Turkcell Iletisim and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in PLDT with a short position of Turkcell Iletisim. Check out your portfolio center. Please also check ongoing floating volatility patterns of PLDT and Turkcell Iletisim.

Diversification Opportunities for PLDT and Turkcell Iletisim

0.08

Correlation Coefficient

PLDT  Turkcell Iletisim

Significant diversification

The 3 months correlation between PLDT and Turkcell is 0.08. Overlapping area represents the amount of risk that can be diversified away by holding PLDT Inc ADR and Turkcell Iletisim Hizmetleri in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Turkcell Iletisim and PLDT is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on PLDT Inc ADR are associated (or correlated) with Turkcell Iletisim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Turkcell Iletisim has no effect on the direction of PLDT i.e., PLDT and Turkcell Iletisim go up and down completely randomly.

Pair Corralation between PLDT and Turkcell Iletisim

Considering the 90-day investment horizon PLDT Inc ADR is expected to under-perform the Turkcell Iletisim. But the stock apears to be less risky and, when comparing its historical volatility, PLDT Inc ADR is 1.3 times less risky than Turkcell Iletisim. The stock trades about -0.04 of its potential returns per unit of risk. The Turkcell Iletisim Hizmetleri is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  566.00  in Turkcell Iletisim Hizmetleri on July 3, 2025 and sell it today you would earn a total of  29.00  from holding Turkcell Iletisim Hizmetleri or generate 5.12% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

PLDT Inc ADR  vs.  Turkcell Iletisim Hizmetleri

PLDT Inc ADR

Risk-Adjusted Performance

Weakest

Over the last 90 days PLDT Inc ADR has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's technical indicators remain fairly strong which may send shares a bit higher in November 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Turkcell Iletisim

Risk-Adjusted Performance

Weakest

Over the last 90 days Turkcell Iletisim Hizmetleri has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound forward-looking signals, Turkcell Iletisim is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with PLDT and Turkcell Iletisim

The main advantage of trading using opposite PLDT and Turkcell Iletisim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if PLDT position performs unexpectedly, Turkcell Iletisim can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Turkcell Iletisim will offset losses from the drop in Turkcell Iletisim's long position.

The idea behind PLDT Inc ADR and Turkcell Iletisim Hizmetleri pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.