Prosus Correlations
| PROSF Stock | USD 63.60 0.00 0.00% |
The current 90-days correlation between Prosus and Tencent Holdings is -0.01 (i.e., Good 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
Modest diversification
The correlation between Prosus and DJI is 0.23 (i.e., Modest 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.
Prosus |
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
| 0.67 | TCTZF | Tencent Holdings | PairCorr |
| 0.68 | TCEHY | Tencent Holdings | PairCorr |
| 0.82 | PROSY | Prosus NV ADR | PairCorr |
| 0.66 | NIO | Nio Class A | PairCorr |
Moving against Prosus Pink Sheet
| 0.69 | RDDT | Reddit, | PairCorr |
| 0.59 | GOOG | Alphabet Class C Sell-off Trend | PairCorr |
| 0.35 | MPW | Medical Properties Trust | PairCorr |
| 0.31 | F | Ford Motor | PairCorr |
| 0.71 | DDS | Dillards, | PairCorr |
| 0.62 | GSVRF | Guanajuato Silver | PairCorr |
| 0.6 | INFY | Infosys Ltd ADR | PairCorr |
| 0.58 | APGE | Apogee Therapeutics, | PairCorr |
| 0.56 | GM | General Motors | PairCorr |
| 0.56 | KODK | Eastman Kodak | PairCorr |
| 0.55 | RIVN | Rivian Automotive Sell-off Trend | PairCorr |
| 0.44 | NOEM | CO2 Energy Transition | PairCorr |
| 0.42 | PII | Polaris Industries | PairCorr |
| 0.42 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.35 | AVTBF | Avant Brands | PairCorr |
| 0.35 | HE | Hawaiian Electric | PairCorr |
| 0.35 | PHAR | Pharming Group NV | PairCorr |
| 0.35 | ASTI | Ascent Solar Technol Trending | PairCorr |
| 0.61 | HL | Hecla Mining | PairCorr |
| 0.56 | BAC | Bank of America | PairCorr |
| 0.52 | ULTA | Ulta Beauty | PairCorr |
| 0.52 | KYOCF | Kyocera | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | 1.39 | (0.12) | 0.00 | 0.68 | 0.00 | 2.80 | 9.62 | |||
| ATHM | 1.26 | (0.31) | 0.00 | (0.38) | 0.00 | 2.14 | 7.09 | |||
| AREN | 3.94 | (0.46) | 0.00 | (1.87) | 0.00 | 8.00 | 27.15 | |||
| GOGY | 20.07 | 6.47 | 0.45 | 1.98 | 11.06 | 32.00 | 435.73 | |||
| ASST | 7.14 | (1.73) | 0.00 | (0.53) | 0.00 | 10.78 | 62.29 | |||
| BAIDF | 2.59 | (0.06) | (0.01) | 0.02 | 3.70 | 5.98 | 21.37 | |||
| KSHTY | 3.70 | (0.13) | 0.00 | (0.10) | 0.00 | 10.24 | 34.17 | |||
| KUASF | 1.41 | (0.32) | 0.00 | (0.37) | 0.00 | 1.32 | 27.01 | |||
| TME | 1.47 | (0.45) | 0.00 | (0.72) | 0.00 | 2.66 | 12.10 |
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Prosus Corporate Management
| David Tudor | Group Officer | Profile | |
| Vasileios Sgourdos | Financial CFO | Profile | |
| Justin Weiss | Global Privacy | Profile | |
| Eoin Ryan | Head Relations | Profile | |
| Aileen OToole | Chief Officer | Profile | |
| Euro Beinat | Global Intelligence | Profile | |
| Shamiela Letsoalo | Media Director | Profile |