Prada SpA Correlations

PRDSF Stock

USD 5.28 0.18 3.53%

The current 90-days correlation between Prada SpA and Pandora AS is -0.05 (i.e., Good diversification). The correlation of Prada SpA 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.

Prada SpA Correlation With Market

Excellent diversification

The correlation between Prada SpA and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prada SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Prada Pink Sheet

0.64

BROGF

Pair Corr

Moving against Prada Pink Sheet

0.69	FINN	First National	Pair Corr
0.51	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.48	HYMTF	Hyundai Motor	Pair Corr
0.45	SWGAY	Swatch Group AG	Pair Corr
0.75	YLLXF	Yellow Cake plc	Pair Corr
0.71	SKM	SK Telecom Earnings Call This Week	Pair Corr
0.66	ENS	Enersys Earnings Call This Week	Pair Corr
0.66	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.63	RILYL	B Riley Financial	Pair Corr
0.6	SECVY	Seche Environnement	Pair Corr
0.58	FIBK	First Interstate Ban	Pair Corr
0.49	NFG	National Fuel Gas	Pair Corr
0.48	BNKHF	BOC Hong Kong	Pair Corr
0.34	FCAP	First Capital Normal Trading	Pair Corr

Related Correlations Analysis

	PNDZF	SVTMF	CTTAF	CTTAY	FUJHF	FUJHY	ASEKY	PTAIY	MONRY	MONRF
PNDZF		0.53	-0.35	-0.45	0.18	0.2	0.41	0.12	0.65	0.67	PNDZF
SVTMF	0.53		-0.69	-0.77	-0.21	-0.08	-0.06	-0.42	0.48	0.3	SVTMF
CTTAF	-0.35	-0.69		0.77	0.12	0.04	0.21	0.43	-0.39	-0.18	CTTAF
CTTAY	-0.45	-0.77	0.77		0.0	0.03	0.16	0.4	-0.46	-0.26	CTTAY
FUJHF	0.18	-0.21	0.12	0.0		0.09	0.39	0.43	0.19	0.24	FUJHF
FUJHY	0.2	-0.08	0.04	0.03	0.09		0.11	0.15	0.28	0.3	FUJHY
ASEKY	0.41	-0.06	0.21	0.16	0.39	0.11		0.49	-0.02	0.24	ASEKY
PTAIY	0.12	-0.42	0.43	0.4	0.43	0.15	0.49		-0.16	0.03	PTAIY
MONRY	0.65	0.48	-0.39	-0.46	0.19	0.28	-0.02	-0.16		0.81	MONRY
MONRF	0.67	0.3	-0.18	-0.26	0.24	0.3	0.24	0.03	0.81		MONRF
	PNDZF	SVTMF	CTTAF	CTTAY	FUJHF	FUJHY	ASEKY	PTAIY	MONRY	MONRF

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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

MONRF	+ 0.81	MONRY
CTTAY	+ 0.77	CTTAF
MONRF	+ 0.67	PNDZF
MONRY	+ 0.65	PNDZF
SVTMF	+ 0.53	PNDZF
PTAIY	+ 0.49	ASEKY

High negative correlations

CTTAY	- 0.77	SVTMF
CTTAF	- 0.69	SVTMF
MONRY	- 0.46	CTTAY
CTTAY	- 0.45	PNDZF
PTAIY	- 0.42	SVTMF
MONRY	- 0.39	CTTAF

Risk-Adjusted Indicators

There is a big difference between Prada Pink Sheet performing well and Prada SpA 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 Prada SpA'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
PNDZF	1.63	(0.62)	0.00	1.35	0.00	0.00	0.00	0.00	42.97
SVTMF	0.39	(0.23)	0.00	(0.98)	0.00	0.00	0.00	(1.17)	7.11
CTTAF	1.89	0.03	(0.01)	(0.11)	2.36	(1.98)	4.12	(3.36)	11.48
CTTAY	1.34	0.14	0.08	0.24	1.46	(1.48)	2.23	(2.61)	6.77
FUJHF	2.57	0.09	0.00	(0.15)	3.58	(4.31)	6.65	(7.17)	24.92
FUJHY	1.49	0.01	0.01	0.06	1.76	(1.78)	3.11	(3.18)	9.91
ASEKY	1.13	(0.01)	0.00	0.81	0.00	0.00	4.45	(5.21)	23.40
PTAIY	1.99	0.15	0.03	(0.60)	3.03	(1.98)	4.83	(3.68)	14.46
MONRY	1.23	(0.12)	0.00	(0.09)	0.00	0.00	2.18	(2.68)	8.02
MONRF	0.90	(0.07)	0.00	(0.02)	0.00	0.00	3.51	(2.87)	18.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in Prada SpA 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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Prada SpA Corporate Management

Lorenzo Bertelli	Head Director	Profile
Andrea Bonini	CFO Director	Profile
Malika Savell	Equity Diversity	Profile
Paolo Zannoni	Ex Chairman	Profile

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