Prosus Correlations

PROSF Stock

USD 61.54 3.53 5.42%

The current 90-days correlation between Prosus and Tencent Holdings is 0.06 (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

Good diversification

The correlation between Prosus and DJI is -0.16 (i.e., Good 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

0.73

PROSY

Prosus NV ADR

Pair Corr

Moving against Prosus Pink Sheet

0.86	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.82	RDDT	Reddit	Pair Corr
0.67	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.63	MRK	Merck Company	Pair Corr
0.61	BAIDF	Baidu Inc	Pair Corr
0.6	BAC	Bank of America	Pair Corr
0.58	GOOG	Alphabet Class C	Pair Corr
0.52	AXP	American Express	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.52	BA	Boeing Sell-off Trend	Pair Corr
0.49	BIDU	Baidu Inc	Pair Corr
0.49	DD	Dupont De Nemours	Pair Corr
0.45	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	TCTZF	ATHM	AREN	GOGY	ASST	BAIDF	KSHTY	KUASF	TME
TCTZF		0.61	0.52	-0.42	0.56	0.05	0.52	0.39	0.59	TCTZF
ATHM	0.61		0.6	-0.75	0.19	-0.17	0.56	0.78	0.85	ATHM
AREN	0.52	0.6		-0.29	0.59	-0.07	0.49	0.55	0.82	AREN
GOGY	-0.42	-0.75	-0.29		-0.08	0.33	-0.39	-0.55	-0.61	GOGY
ASST	0.56	0.19	0.59	-0.08		-0.1	0.17	0.21	0.48	ASST
BAIDF	0.05	-0.17	-0.07	0.33	-0.1		0.34	-0.3	-0.36	BAIDF
KSHTY	0.52	0.56	0.49	-0.39	0.17	0.34		0.38	0.4	KSHTY
KUASF	0.39	0.78	0.55	-0.55	0.21	-0.3	0.38		0.74	KUASF
TME	0.59	0.85	0.82	-0.61	0.48	-0.36	0.4	0.74		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

TME	+ 0.85	ATHM
TME	+ 0.82	AREN
KUASF	+ 0.78	ATHM
TME	+ 0.74	KUASF
ATHM	+ 0.61	TCTZF
AREN	+ 0.6	ATHM

High negative correlations

GOGY	- 0.75	ATHM
TME	- 0.61	GOGY
KUASF	- 0.55	GOGY
GOGY	- 0.42	TCTZF
KSHTY	- 0.39	GOGY
TME	- 0.36	BAIDF

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	1.50	(0.07)	0.00	(0.09)	0.00	0.00	3.71	(3.31)	9.62
ATHM	1.42	(0.16)	0.00	(0.20)	0.00	0.00	2.84	(3.05)	7.71
AREN	3.53	(0.27)	0.00	(0.13)	0.00	0.00	8.00	(6.65)	27.15
GOGY	20.24	7.13	0.46	(1.43)	10.97	(33.56)	37.22	(22.22)	435.73
ASST	7.18	(0.03)	0.04	0.08	6.19	(10.25)	16.80	(10.85)	62.29
BAIDF	2.76	0.21	0.04	0.32	3.47	(4.45)	7.51	(7.91)	21.37
KSHTY	3.45	0.01	0.01	0.09	3.81	(5.11)	9.60	(6.98)	23.82
KUASF	0.88	(0.10)	0.00	(2.34)	0.00	0.00	2.56	(3.74)	17.04
TME	1.64	(0.49)	0.00	(0.83)	0.00	0.00	3.47	(4.93)	12.10

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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