Prosegur Correlations

PSG Stock

EUR 2.75 0.12 4.56%

The current 90-days correlation between Prosegur and Prosegur Cash SA is 0.37 (i.e., Weak diversification). The correlation of Prosegur 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.

Prosegur Correlation With Market

Poor diversification

The correlation between Prosegur and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosegur and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Prosegur could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prosegur 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 Prosegur - 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 Prosegur to buy it.

Moving together with Prosegur Stock

0.61	DIA	Distribuidora Internacional	Pair Corr
0.72	SAN	Banco Santander SA	Pair Corr
0.77	IBE	Iberdrola SA Split	Pair Corr
0.76	XPBRA	Petroleo Brasileiro	Pair Corr
0.78	SEC	Secuoya Grupo de	Pair Corr
0.8	AENA	Aena SA	Pair Corr
0.74	YFID	Fidere Patrimonio SOCIMI	Pair Corr
0.62	APAM	Aperam SA	Pair Corr
0.79	TRE	Tecnicas Reunidas	Pair Corr
0.63	YCPS	Castellana Properties	Pair Corr
0.68	ACX	Acerinox	Pair Corr
0.82	VIS	Viscofan	Pair Corr
0.7	ACS	ACS Actividades de	Pair Corr
0.68	RLIA	Realia	Pair Corr
0.69	NBI	NBI Bearings Europe	Pair Corr
0.86	XVALO	Vale SA	Pair Corr
0.77	MTS	ArcelorMittal SA	Pair Corr
0.65	IBG	Iberpapel Gestion	Pair Corr
0.61	YAI1	All Iron Re	Pair Corr
0.7	EBROM	EV MOTORS SA	Pair Corr
0.64	ENG	Enags SA	Pair Corr

Moving against Prosegur Stock

0.54

SOL

Soltec Power Holdings Split

Pair Corr

Related Correlations Analysis

	CASH	IMC	CAF	GRE	GSJ	AZK	OHLA	TRE	APG	GAM
CASH		0.27	0.02	0.18	0.36	0.12	0.25	0.32	0.17	-0.1	CASH
IMC	0.27		0.49	0.83	0.93	0.69	0.28	0.87	0.58	-0.2	IMC
CAF	0.02	0.49		0.72	0.57	0.63	0.21	0.53	0.09	0.39	CAF
GRE	0.18	0.83	0.72		0.89	0.79	0.15	0.86	0.42	0.09	GRE
GSJ	0.36	0.93	0.57	0.89		0.8	0.36	0.93	0.6	-0.22	GSJ
AZK	0.12	0.69	0.63	0.79	0.8		0.32	0.81	0.48	-0.09	AZK
OHLA	0.25	0.28	0.21	0.15	0.36	0.32		0.28	0.42	-0.43	OHLA
TRE	0.32	0.87	0.53	0.86	0.93	0.81	0.28		0.6	-0.15	TRE
APG	0.17	0.58	0.09	0.42	0.6	0.48	0.42	0.6		-0.58	APG
GAM	-0.1	-0.2	0.39	0.09	-0.22	-0.09	-0.43	-0.15	-0.58		GAM
	CASH	IMC	CAF	GRE	GSJ	AZK	OHLA	TRE	APG	GAM

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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

GSJ	+ 0.93	IMC
TRE	+ 0.93	GSJ
GSJ	+ 0.89	GRE
TRE	+ 0.87	IMC
TRE	+ 0.86	GRE
GRE	+ 0.83	IMC

High negative correlations

GAM	- 0.58	APG
GAM	- 0.43	OHLA
GAM	- 0.22	GSJ
GAM	- 0.2	IMC
GAM	- 0.15	TRE
GAM	- 0.1	CASH

Risk-Adjusted Indicators

There is a big difference between Prosegur Stock performing well and Prosegur 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 Prosegur'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
CASH	1.25	(0.20)	0.00	(0.50)	0.00	0.00	1.61	(3.12)	7.81
IMC	1.22	0.17	0.07	1.33	1.61	(1.37)	2.86	(3.06)	9.50
CAF	1.23	0.14	0.07	0.69	1.47	(1.35)	3.45	(2.61)	10.75
GRE	1.67	0.62	0.24	0.85	1.79	(2.04)	3.62	(2.61)	18.00
GSJ	1.22	0.17	0.10	0.31	1.27	(1.53)	2.92	(1.82)	9.37
AZK	0.92	0.02	(0.01)	(0.08)	1.55	(1.03)	1.66	(1.64)	6.35
OHLA	2.06	(0.11)	0.00	(0.58)	0.00	0.00	5.26	(2.86)	10.26
TRE	1.90	0.15	0.04	0.37	3.24	(1.86)	4.50	(3.37)	17.18
APG	0.69	0.06	0.01	1.00	0.96	(2.91)	3.36	(1.90)	8.49
GAM	1.43	(0.06)	0.00	(0.08)	0.00	0.00	3.92	(2.65)	13.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Prosegur 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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