Prospector Capital Correlations
| PRSRWDelisted Stock | USD 0.10 0.00 0.00% |
The current 90-days correlation between Prospector Capital Equity and Prospector Capital Corp is 0.2 (i.e., Modest 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
Average diversification
The correlation between Prospector Capital Equity and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prospector Capital Equity and DJI in the same portfolio, assuming nothing else is changed.
Prospector |
Moving together with Prospector Stock
Moving against Prospector Stock
| 0.79 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.71 | TRV | The Travelers Companies | PairCorr |
| 0.66 | INTC | Intel | PairCorr |
| 0.65 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.61 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.55 | HD | Home Depot | PairCorr |
| 0.51 | PG | Procter Gamble | PairCorr |
| 0.38 | KO | Coca Cola Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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.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.
| Risk & Return | Correlation |
Still Interested in Prospector Capital Equity?
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