Prosus Correlations

PROSF Stock

USD 51.05 1.75 3.55%

The current 90-days correlation between Prosus and Tencent Holdings is 0.09 (i.e., Significant diversification). The correlation of Prosus 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 Correlation With Market

Excellent diversification

The correlation between Prosus and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosus and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Prosus 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 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 - 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 to buy it.

Moving together with Prosus Pink Sheet

0.89	TCTZF	Tencent Holdings	Pair Corr
0.91	TCEHY	Tencent Holdings	Pair Corr
0.94	PROSY	Prosus NV ADR	Pair Corr
0.73	DASH	DoorDash Class A Sell-off Trend	Pair Corr
0.85	NPSNY	Naspers Ltd ADR	Pair Corr
0.78	PBCRY	Bank Central Asia	Pair Corr
0.74	PBCRF	PT Bank Central	Pair Corr

Moving against Prosus Pink Sheet

0.52	PPERY	Bank Mandiri Persero	Pair Corr
0.47	BKRKY	Bank Rakyat	Pair Corr
0.34	BAIDF	Baidu Inc	Pair Corr
0.33	BKRKF	PT Bank Rakyat	Pair Corr
0.88	PAGP	Plains GP Holdings	Pair Corr
0.87	AM	Antero Midstream Partners	Pair Corr
0.84	EQIX	Equinix	Pair Corr
0.74	TOELF	Tokyo Electron	Pair Corr
0.71	ACNE	Alice Consolidated Mines	Pair Corr
0.66	PSEC	Prospect Capital	Pair Corr
0.63	JUTOY	Jutal Offshore Oil	Pair Corr
0.59	DAWN	Day One Biopharmaceu	Pair Corr
0.59	CNOB	ConnectOne Bancorp	Pair Corr
0.57	STMZF	Scottish Mortgage	Pair Corr
0.51	WBRBF	Wienerberger AG	Pair Corr
0.44	WRGL	Warrior Girl Corp	Pair Corr
0.41	ELEZF	Endesa SA	Pair Corr
0.4	SNBR	Sleep Number Corp	Pair Corr
0.91	MSBHF	Mitsubishi Corp	Pair Corr
0.9	PLD	Prologis	Pair Corr
0.86	NDGPY	Nine Dragons Paper	Pair Corr
0.8	LEO	BNY Mellon Strategic	Pair Corr

Related Correlations Analysis

	TCTZF	ATHM	AREN	GOGY	ASST	BAIDF	KSHTY	KUASF	TME
TCTZF		0.85	0.89	0.59	0.93	-0.09	0.25	0.05	0.82	TCTZF
ATHM	0.85		0.83	0.54	0.77	0.0	0.29	0.04	0.71	ATHM
AREN	0.89	0.83		0.51	0.89	-0.2	0.14	-0.03	0.81	AREN
GOGY	0.59	0.54	0.51		0.55	0.1	0.22	0.24	0.56	GOGY
ASST	0.93	0.77	0.89	0.55		-0.25	0.13	0.03	0.83	ASST
BAIDF	-0.09	0.0	-0.2	0.1	-0.25		0.69	0.43	-0.41	BAIDF
KSHTY	0.25	0.29	0.14	0.22	0.13	0.69		0.62	-0.07	KSHTY
KUASF	0.05	0.04	-0.03	0.24	0.03	0.43	0.62		-0.06	KUASF
TME	0.82	0.71	0.81	0.56	0.83	-0.41	-0.07	-0.06		TME
	TCTZF	ATHM	AREN	GOGY	ASST	BAIDF	KSHTY	KUASF	TME

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

ASST	+ 0.93	TCTZF
AREN	+ 0.89	TCTZF
ASST	+ 0.89	AREN
ATHM	+ 0.85	TCTZF
AREN	+ 0.83	ATHM
TME	+ 0.83	ASST

High negative correlations

TME	- 0.41	BAIDF
BAIDF	- 0.25	ASST
BAIDF	- 0.2	AREN
BAIDF	- 0.09	TCTZF
TME	- 0.07	KSHTY
TME	- 0.06	KUASF

Risk-Adjusted Indicators

There is a big difference between Prosus Pink Sheet performing well and Prosus 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' 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
TCTZF	1.58	(0.26)	0.00	6.89	0.00	0.00	2.99	(3.55)	9.63
ATHM	1.41	(0.27)	0.00	(0.32)	0.00	0.00	2.84	(3.91)	7.73
AREN	3.11	(0.58)	0.00	(0.21)	0.00	0.00	5.26	(6.65)	21.24
GOGY	13.09	1.22	0.06	(1.45)	13.90	(17.71)	37.22	(23.29)	103.44
ASST	6.06	(1.40)	0.00	(0.31)	0.00	0.00	17.14	(11.94)	35.94
BAIDF	2.16	0.22	0.04	0.63	2.39	(5.36)	7.51	(5.45)	21.37
KSHTY	4.06	(0.18)	(0.01)	0.00	5.09	(5.16)	11.63	(9.44)	31.70
KUASF	1.39	(0.13)	0.00	(0.99)	0.00	0.00	3.71	(5.33)	30.34
TME	1.57	(0.38)	0.00	(0.34)	0.00	0.00	3.75	(4.71)	15.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Prosus 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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