TURKCELL ILETISIM HIZMETLERI A.S. ADS (TKC) Correlation Distribution
Across 6,809 rolling correlation observations between TURKCELL ILETISIM HIZMETLERI A.S. ADS (TKC) and other NASDAQ-listed stocks, 43.2% are positive and 56.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.025, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- -0.025
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.2%
- Strong positive (≥0.7)
- 5.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 125 | 1.8% | |
| -0.8 to -0.7 | 125 | 1.8% | |
| -0.7 to -0.6 | 368 | 5.4% | |
| -0.6 to -0.5 | 367 | 5.4% | |
| -0.5 to -0.4 | 530 | 7.8% | |
| -0.4 to -0.3 | 530 | 7.8% | |
| -0.3 to -0.2 | 670 | 9.8% | |
| -0.2 to -0.1 | 669 | 9.8% | |
| -0.1 to 0.0 | 484 | 7.1% | |
| 0.0 to 0.1 | 483 | 7.1% | |
| 0.1 to 0.2 | 313 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 351 | 5.2% | |
| 0.4 to 0.5 | 351 | 5.2% | |
| 0.5 to 0.6 | 366 | 5.4% | |
| 0.6 to 0.7 | 366 | 5.4% | |
| 0.7 to 0.8 | 199 | 2.9% | |
| 0.8 to 0.9 | 199 | 2.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of TKC?
TURKCELL ILETISIM HIZMETLERI A.S. ADS (TKC) has an average correlation of about -0.025 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TKC positively correlated with other stocks?
Not predominantly — 43.2% of pairs are positive and 56.8% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for TKC?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 43% of all pairs.
Explore the full interactive correlation distribution for TKC.
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