Financial investment analyses based on the Turkish stock markets

In order for investment analyses for Turkish capital markets to show the expected success, the selection of the index and performance criterion indicator to be taken into consideration in the analyses is important. In this context, in this study, the risk-adjusted return rates for the stocks of companies traded in the BIST 30 index were calculated and more suitable investment options were tried to be presented for rational investors. For this purpose, the coefficient of variation was used and the modified value at risk method was used as a risk indicator. The study findings show that SAHOL stock offers the most suitable investment opportunity by a significant margin, followed by SASA, HEKTS, GUBRF, SISE and ALARK stocks. It is understood that AKBNK exhibited the worst performance by a significant margin. It can be stated that the findings of this study are important in terms of rational investors investing in the stock markets of emerging market economies such as Turkey to make more effective investment decisions. Considering the interest of small investors in the stock market, especially in recent years, it is also considered important in terms of emphasizing the need for such investors to focus on risk-adjusted return rates in their investment decisions, not just the return rates offered by stocks, as in practice.