Prospector Capital Correlations

Summary

PRSRUDelisted Stock

USD 10.56 0.04 0.38%

The current 90-days correlation between Prospector Capital Corp and Tastemaker Acquisition Corp is 0.07 (i.e., Significant diversification). The correlation of Prospector Capital 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.

Prospector Capital Correlation With Market

Significant diversification

The correlation between Prospector Capital Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prospector Capital Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Prospector Stock

0.93	SSNLF	Samsung Electronics	Pair Corr
0.91	PTAIF	PT Astra International	Pair Corr
0.89	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.82	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.73	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.64	BAC	Bank of America Aggressive Push	Pair Corr
0.61	DIS	Walt Disney Aggressive Push	Pair Corr
0.86	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.72	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.89	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.73	WMT	Walmart Aggressive Push	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Prospector Stock

0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.76	BKRKF	PT Bank Rakyat	Pair Corr
0.73	BKRKY	Bank Rakyat	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.69	PPERF	Bank Mandiri Persero	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.61	PPERY	Bank Mandiri Persero	Pair Corr

Related Correlations Analysis

	PRSR	TMKRU	PRSRW	LYRA
PRSR		0.86	0.46	-0.72	PRSR
TMKRU	0.86		0.29	-0.83	TMKRU
PRSRW	0.46	0.29		-0.11	PRSRW
LYRA	-0.72	-0.83	-0.11		LYRA
	PRSR	TMKRU	PRSRW	LYRA

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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

TMKRU	+ 0.86	PRSR
PRSRW	+ 0.46	PRSR
PRSRW	+ 0.29	TMKRU

High negative correlations

LYRA	- 0.83	TMKRU
LYRA	- 0.72	PRSR
LYRA	- 0.11	PRSRW

Risk-Adjusted Indicators

There is a big difference between Prospector Stock performing well and Prospector Capital 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 Prospector Capital'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
PRSR	0.24	0.00	(0.15)	0.00	0.00	(0.39)	0.77	(0.39)	2.43
TMKRU	0.16	0.04	(0.22)	3.20	0.00	(0.37)	0.57	(0.28)	1.33
PRSRW	14.03	3.09	0.18	(0.74)	11.98	(19.05)	26.21	(21.50)	168.57
LYRA	4.12	(0.75)	0.00	(0.47)	0.00	0.00	8.00	(10.00)	41.07

Prospector Capital Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Prospector Capital stock to make a market-neutral strategy. Peer analysis of Prospector Capital could also be used in its relative valuation, which is a method of valuing Prospector Capital by comparing valuation metrics with similar companies.

Prospector Capital Corp Tastemaker Acquisition Corp Prospector Capital Equity Lyra Therapeutics American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines Intel

Risk & Return

Correlation

Still Interested in Prospector Capital Corp?

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