Naspers Correlations

NAPRF Stock

USD 66.94 0.00 0.00%

The current 90-days correlation between Naspers Limited and Prosus NV ADR is -0.08 (i.e., Good diversification). The correlation of Naspers 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.

Naspers Correlation With Market

Significant diversification

The correlation between Naspers Limited and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Naspers Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Naspers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Naspers 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 Naspers - 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 Naspers Limited to buy it.

Moving together with Naspers Pink Sheet

0.62

TCEHY

Tencent Holdings

Pair Corr

Moving against Naspers Pink Sheet

0.6	PTAIY	Astra International Tbk	Pair Corr
0.47	GOOG	Alphabet Class C	Pair Corr
0.47	TLK	Telkom Indonesia Tbk	Pair Corr
0.4	PPERY	Bank Mandiri Persero	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.58	KO	Coca Cola	Pair Corr
0.5	CSCO	Cisco Systems	Pair Corr
0.5	AXP	American Express	Pair Corr
0.4	JNJ	Johnson Johnson	Pair Corr
0.39	BAC	Bank of America	Pair Corr
0.37	MMM	3M Company	Pair Corr
0.37	MCD	McDonalds	Pair Corr
0.33	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Related Correlations Analysis

	PROSY	PROSF	SFTBY	SFTBF	DTEGY	DTEGF	CSXXY	RPGRF	RPGRY	KSHTY
PROSY		0.83	0.72	0.67	0.34	0.31	0.76	-0.42	0.75	0.62	PROSY
PROSF	0.83		0.41	0.51	0.15	0.16	0.53	-0.25	0.55	0.46	PROSF
SFTBY	0.72	0.41		0.8	0.33	0.29	0.64	-0.54	0.62	0.46	SFTBY
SFTBF	0.67	0.51	0.8		0.2	0.19	0.66	-0.45	0.6	0.44	SFTBF
DTEGY	0.34	0.15	0.33	0.2		0.95	0.56	-0.48	0.54	0.6	DTEGY
DTEGF	0.31	0.16	0.29	0.19	0.95		0.53	-0.5	0.49	0.56	DTEGF
CSXXY	0.76	0.53	0.64	0.66	0.56	0.53		-0.54	0.84	0.79	CSXXY
RPGRF	-0.42	-0.25	-0.54	-0.45	-0.48	-0.5	-0.54		-0.47	-0.46	RPGRF
RPGRY	0.75	0.55	0.62	0.6	0.54	0.49	0.84	-0.47		0.75	RPGRY
KSHTY	0.62	0.46	0.46	0.44	0.6	0.56	0.79	-0.46	0.75		KSHTY
	PROSY	PROSF	SFTBY	SFTBF	DTEGY	DTEGF	CSXXY	RPGRF	RPGRY	KSHTY

Please upgrade your account to get full access to Macroaxis premium features

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

DTEGF	+ 0.95	DTEGY
RPGRY	+ 0.84	CSXXY
PROSF	+ 0.83	PROSY
SFTBF	+ 0.8	SFTBY
KSHTY	+ 0.79	CSXXY
CSXXY	+ 0.76	PROSY

High negative correlations

RPGRF	- 0.54	CSXXY
RPGRF	- 0.54	SFTBY
RPGRF	- 0.5	DTEGF
RPGRF	- 0.48	DTEGY
RPGRY	- 0.47	RPGRF
KSHTY	- 0.46	RPGRF

Risk-Adjusted Indicators

There is a big difference between Naspers Pink Sheet performing well and Naspers 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 Naspers' 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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PROSY	1.16	(0.22)	(0.17)	2.22	(2.19)	7.33
PROSF	0.86	(0.08)	0.16	2.81	(3.47)	13.27
SFTBY	3.75	(0.18)	(0.02)	6.67	(8.43)	19.26
SFTBF	5.42	(1.34)	(0.44)	9.57	(10.13)	90.89
DTEGY	0.75	(0.09)	(0.21)	1.52	(1.74)	5.06
DTEGF	1.72	(0.09)	(0.07)	4.26	(3.65)	9.59
CSXXY	1.33	(0.30)	(0.56)	3.06	(3.57)	13.99
RPGRF	0.65	0.03	0.12	0.00	0.00	21.66
RPGRY	4.28	(0.17)	(0.25)	6.44	(8.84)	26.52
KSHTY	3.71	(0.19)	(0.22)	10.24	(9.29)	34.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in Naspers 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 Portfolio Analyzer Now

Portfolio Analyzer

Portfolio analysis module that provides access to portfolio diagnostics and optimization engine

All Next

Launch Module

Naspers Corporate Management

David Tudor	Group General Counsel	Profile
Lawrence Illg	Chief Food	Profile
Vasileios Sgourdos	Financial CFO	Profile
Eoin Ryan	Head Relations	Profile
Aileen OToole	Group Officer	Profile
Laurent Moal	Chief Fintech	Profile
Meloy Horn	Head of Investor Relations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC