PagSeguro Digital Correlations

PAGS Stock

USD 9.67 0.03 0.31%

The current 90-days correlation between PagSeguro Digital and Euronet Worldwide is 0.07 (i.e., Significant diversification). The correlation of PagSeguro Digital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

PagSeguro Digital Correlation With Market

Significant diversification

The correlation between PagSeguro Digital 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 PagSeguro Digital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PagSeguro Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PagSeguro Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy PagSeguro Stock please use our How to Invest in PagSeguro Digital guide.

Moving together with PagSeguro Stock

0.75	CASS	Cass Information Systems	Pair Corr
0.62	FTV	Fortive Corp	Pair Corr
0.65	IBM	International Business	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.62	MMM	3M Company	Pair Corr

Moving against PagSeguro Stock

0.55	INOD	Innodata Upward Rally	Pair Corr
0.4	PG	Procter Gamble	Pair Corr
0.4	HPQ	HP Inc	Pair Corr
0.37	RKLB	Rocket Lab USA Aggressive Push	Pair Corr
0.32	DECAU	Denali Capital Acqui	Pair Corr

Related Correlations Analysis

	EEFT	AVPT	BB	SPSC	WRD	YOU	BRZE	ODD	RUM	BLKB
EEFT		0.85	0.43	0.9	0.78	-0.53	-0.17	0.89	0.78	0.61	EEFT
AVPT	0.85		0.54	0.85	0.84	-0.58	-0.08	0.79	0.68	0.74	AVPT
BB	0.43	0.54		0.48	0.61	-0.6	-0.58	0.55	0.3	0.34	BB
SPSC	0.9	0.85	0.48		0.81	-0.58	-0.24	0.75	0.68	0.69	SPSC
WRD	0.78	0.84	0.61	0.81		-0.73	-0.25	0.8	0.77	0.68	WRD
YOU	-0.53	-0.58	-0.6	-0.58	-0.73		0.65	-0.62	-0.46	-0.32	YOU
BRZE	-0.17	-0.08	-0.58	-0.24	-0.25	0.65		-0.31	-0.04	0.24	BRZE
ODD	0.89	0.79	0.55	0.75	0.8	-0.62	-0.31		0.81	0.5	ODD
RUM	0.78	0.68	0.3	0.68	0.77	-0.46	-0.04	0.81		0.54	RUM
BLKB	0.61	0.74	0.34	0.69	0.68	-0.32	0.24	0.5	0.54		BLKB
	EEFT	AVPT	BB	SPSC	WRD	YOU	BRZE	ODD	RUM	BLKB

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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

SPSC	+ 0.9	EEFT
ODD	+ 0.89	EEFT
AVPT	+ 0.85	EEFT
SPSC	+ 0.85	AVPT
WRD	+ 0.84	AVPT
WRD	+ 0.81	SPSC

High negative correlations

YOU	- 0.73	WRD
ODD	- 0.62	YOU
YOU	- 0.6	BB
YOU	- 0.58	SPSC
BRZE	- 0.58	BB
YOU	- 0.58	AVPT

Risk-Adjusted Indicators

There is a big difference between PagSeguro Stock performing well and PagSeguro Digital 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 PagSeguro Digital'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EEFT	1.20	(0.29)	0.00	(0.34)	0.00	0.00	2.04	(2.64)	11.50
AVPT	1.79	(0.20)	0.00	(0.08)	0.00	0.00	3.04	(4.22)	18.33
BB	2.09	(0.37)	0.00	(0.26)	0.00	0.00	3.37	(3.61)	19.60
SPSC	1.53	(0.23)	0.00	(0.19)	0.00	0.00	2.42	(2.46)	24.69
WRD	3.61	(0.21)	(0.01)	0.00	4.88	(3.74)	8.18	(6.66)	27.07
YOU	2.18	0.15	0.06	0.24	2.16	(2.79)	5.49	(3.81)	18.67
BRZE	2.16	0.10	0.06	0.13	2.38	(2.69)	4.00	(5.07)	23.20
ODD	2.26	(0.74)	0.00	(0.57)	0.00	0.00	3.98	(5.12)	15.92
RUM	3.55	(0.28)	0.00	(0.02)	0.00	0.00	7.32	(7.30)	25.16
BLKB	1.54	(0.12)	0.00	(0.11)	0.00	0.00	2.59	(4.08)	11.92

PagSeguro Digital Corporate Management

Richardo Silva	Executive Officer, Director	Profile
Luis Frias	Chairman of the Board, Principal Executive Officer	Profile
ric Oliveira	Head Relations	Profile
Maria Brito	Director	Profile
Alexandre Magnani	Chief Officer	Profile
Cleveland Teixeira	Independent Director	Profile

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