Prosus NV Correlations

PROSY
 Stock
  

USD 11.10  0.10  0.91%   

The correlation of Prosus NV is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prosus NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prosus NV ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please check Your Equity Center.
  
The ability to find closely correlated positions to Prosus NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prosus NV 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 Prosus NV - 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 Prosus NV ADR to buy it.

Moving together with Prosus NV

+0.8GOOGAlphabet Cl CPairCorr
+0.85METAMeta PlatformsPairCorr
+0.85TCTZFTencent HoldingsPairCorr
+0.85TCEHYTencent Holdings ADRPairCorr
+0.95PROSFProsus NV ClPairCorr
+0.7BAIDFBaidu IncPairCorr
+0.85BIDUBaidu Inc ADRPairCorr
+0.88KUASFKuaishou TechnologyPairCorr
+0.65HNHPFHon Hai PrecisionPairCorr
+0.75DPSGYDEUTSCHE POST AGPairCorr

Moving against Prosus NV

-0.51SBUXStarbucks Corp Fiscal Year End 27th of October 2022 PairCorr
-0.77RUMRumble IncPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
  
High negative correlations   
MRKUBER
TTWTR
TUBER
XOMT
XOMMRK
MRKTWTR

Prosus NV Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Prosus OTC Stock performing well and Prosus NV company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Prosus NV's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.08  0.52  0.16  0.39  2.54  0.13 (2.14)  4.32 (3.72)  23.58 
MSFT 1.36 (0.03)  0.00 (0.08)  0.00 (0.0244)  0.00  2.85 (2.94)  12.18 
UBER 2.76  0.63  0.19  0.44  2.57  0.15 (2.97)  5.77 (5.13)  25.11 
F 2.35  0.33  0.09  0.12  3.13  0.09 (2.58)  5.30 (5.04)  18.45 
T 1.08 (0.42)  0.00 (0.63)  0.00 (0.26)  0.00  1.32 (2.75)  8.93 
A 1.69  0.22  0.11  0.12  1.72  0.09 (2.08)  3.98 (3.13)  11.69 
CRM 1.97 (0.06)  0.00 (0.10)  0.00 (0.033)  0.00  3.94 (3.96)  10.76 
JPM 1.42  0.04  0.00 (0.03)  0.00  0.0141  0.00  3.03 (2.88)  8.06 
MRK 0.88 (0.06)  0.00 (0.21)  0.00 (0.0249)  0.00  1.66 (1.87)  4.58 
XOM 1.80  0.39  0.19  0.40  1.88  0.18 (2.09)  4.04 (3.24)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Prosus NV 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 Price Ceiling Movement Now

   

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments
All  Next Launch Module

Invested in Prosus NV ADR?

The danger of trading Prosus NV ADR is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Prosus NV is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Prosus NV. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Prosus NV ADR is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for analysis

When running Prosus NV ADR price analysis, check to measure Prosus NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prosus NV is operating at the current time. Most of Prosus NV's value examination focuses on studying past and present price action to predict the probability of Prosus NV's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Prosus NV's price. Additionally, you may evaluate how the addition of Prosus NV to your portfolios can decrease your overall portfolio volatility.
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Is Prosus NV's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Prosus NV. If investors know Prosus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Prosus NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Prosus NV ADR is measured differently than its book value, which is the value of Prosus that is recorded on the company's balance sheet. Investors also form their own opinion of Prosus NV's value that differs from its market value or its book value, called intrinsic value, which is Prosus NV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Prosus NV's market value can be influenced by many factors that don't directly affect Prosus NV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Prosus NV's value and its price as these two are different measures arrived at by different means. Investors typically determine Prosus NV value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prosus NV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.