Prosus NV Correlations

1TY Stock  EUR 37.17  0.27  0.73%   
The current 90-days correlation between Prosus NV and Transport International Holdings is 0.05 (i.e., Significant diversification). The correlation of Prosus NV 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.

Prosus NV Correlation With Market

Significant diversification

The correlation between Prosus NV and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosus NV and DJI in the same portfolio, assuming nothing else is changed.
  
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 to buy it.

Moving together with Prosus Stock

  0.61NNN1 Tencent HoldingsPairCorr
  0.72NNND Tencent HoldingsPairCorr
  0.991YL PROSUS NV ADRPairCorr

Moving against Prosus Stock

  0.64KB9 KBC Ancora SCA Earnings Call TodayPairCorr
  0.57HBC2 HSBC Holdings plcPairCorr
  0.56ABEC AlphabetPairCorr
  0.52ABEA Alphabet Class APairCorr
  0.52ABEA Alphabet Class APairCorr
  0.51ASME ASML Holding NVPairCorr
  0.41DBPE Xtrackers LevDAXPairCorr
  0.4E908 Lyxor 1PairCorr
  0.39FB2A Meta PlatformsPairCorr
  0.39FB2A Meta PlatformsPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together 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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Prosus Stock performing well and Prosus NV 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 Prosus NV'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.

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.

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Prosus NV Corporate Management

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