Prosus NV Correlations

PROSY Stock

USD 8.06 0.05 0.62%

The current 90-days correlation between Prosus NV ADR and Tencent Holdings is -0.07 (i.e., Good diversification). The correlation of Prosus NV 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.

Prosus NV Correlation With Market

Average diversification

The correlation between Prosus NV ADR and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosus NV ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Prosus Pink Sheet

0.88	META	Meta Platforms	Pair Corr
0.93	TCTZF	Tencent Holdings	Pair Corr
0.92	TCEHY	Tencent Holdings	Pair Corr
0.93	PROSF	Prosus	Pair Corr
0.63	BAIDF	Baidu Inc	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.78	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.64	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Prosus Pink Sheet

0.68	NFPDF	Nissin Foods Holdings	Pair Corr
0.62	AMIX	Autonomix Medical, Common Trending	Pair Corr
0.39	NPSNY	Naspers Ltd ADR	Pair Corr
0.38	DAIUF	Daifuku	Pair Corr
0.49	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	TCTZF	TRVG	YY	DOYU	BAIDF	TME	MOMO	ZH
TCTZF		-0.68	0.02	-0.28	0.65	0.89	0.86	0.82	TCTZF
TRVG	-0.68		-0.08	0.58	-0.24	-0.55	-0.42	-0.47	TRVG
YY	0.02	-0.08		-0.23	0.22	0.1	0.04	0.26	YY
DOYU	-0.28	0.58	-0.23		-0.09	-0.1	0.05	-0.23	DOYU
BAIDF	0.65	-0.24	0.22	-0.09		0.7	0.7	0.74	BAIDF
TME	0.89	-0.55	0.1	-0.1	0.7		0.86	0.84	TME
MOMO	0.86	-0.42	0.04	0.05	0.7	0.86		0.77	MOMO
ZH	0.82	-0.47	0.26	-0.23	0.74	0.84	0.77		ZH
	TCTZF	TRVG	YY	DOYU	BAIDF	TME	MOMO	ZH

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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

TME	+ 0.89	TCTZF
MOMO	+ 0.86	TCTZF
MOMO	+ 0.86	TME
ZH	+ 0.84	TME
ZH	+ 0.82	TCTZF
ZH	+ 0.77	MOMO

High negative correlations

TRVG	- 0.68	TCTZF
TME	- 0.55	TRVG
ZH	- 0.47	TRVG
MOMO	- 0.42	TRVG
DOYU	- 0.28	TCTZF
BAIDF	- 0.24	TRVG

Risk-Adjusted Indicators

There is a big difference between Prosus Pink Sheet performing well and Prosus NV 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 NV'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
TCTZF	2.28	0.32	0.05	(0.29)	2.77	(2.52)	5.13	(4.29)	17.65
TRVG	1.21	(0.24)	0.00	1.20	0.00	0.00	1.74	(3.09)	11.03
YY	1.47	0.00	(0.03)	0.09	1.82	(1.56)	3.61	(3.20)	8.81
DOYU	4.20	(0.92)	0.00	(0.20)	0.00	0.00	7.28	(6.42)	53.61
BAIDF	6.07	0.39	0.03	(3.44)	7.05	(8.09)	14.94	(13.28)	34.84
TME	2.41	0.11	0.04	0.22	2.44	(3.04)	5.81	(4.93)	21.86
MOMO	2.06	0.04	(0.04)	0.01	2.57	(2.13)	3.99	(4.28)	15.29
ZH	3.03	0.16	0.06	0.23	3.11	(4.00)	6.49	(5.09)	23.67

Be your own money manager

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

David Tudor	Group Officer	Profile
Vasileios Sgourdos	Financial CFO	Profile
Justin Weiss	Global Privacy	Profile
Eoin Ryan	Head Relations	Profile
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