Prosus Stock Market Value
| PROSF Stock | USD 39.53 0.47 1.17% |
| Symbol | Prosus |
Prosus 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Prosus' pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Prosus.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Prosus on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Prosus or generate 0.0% return on investment in Prosus over 30 days. Prosus is related to or competes with Tencent Holdings, Autohome, Arena Group, Asset Entities, Baidu, Kuaishou Technology, and Kuaishou Technology. Prosus N.V. engages in the e-commerce and internet businesses More
Prosus Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Prosus' pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Prosus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 12.32 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.83 |
Prosus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prosus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prosus' standard deviation. In reality, there are many statistical measures that can use Prosus historical prices to predict the future Prosus' volatility.| Risk Adjusted Performance | 0.0555 | |||
| Jensen Alpha | 0.116 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (2.74) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prosus' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prosus Backtested Returns
At this point, Prosus is very steady. Prosus maintains Sharpe Ratio (i.e., Efficiency) of 0.0754, which implies the firm had a 0.0754% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prosus, which you can use to evaluate the volatility of the company. Please check Prosus' Risk Adjusted Performance of 0.0555, semi deviation of 0.9822, and Coefficient Of Variation of 1541.97 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Prosus has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.0405, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prosus are expected to decrease at a much lower rate. During the bear market, Prosus is likely to outperform the market. Prosus right now holds a risk of 1.91%. Please check Prosus value at risk, as well as the relationship between the skewness and day typical price , to decide if Prosus will be following its historical price patterns.
Auto-correlation | 0.82 |
Very good predictability
Prosus has very good predictability. Overlapping area represents the amount of predictability between Prosus time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Prosus price movement. The serial correlation of 0.82 indicates that around 82.0% of current Prosus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Prosus lagged returns against current returns
Autocorrelation, which is Prosus pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Prosus' pink sheet expected returns. We can calculate the autocorrelation of Prosus returns to help us make a trade decision. For example, suppose you find that Prosus has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Prosus regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Prosus pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prosus pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prosus pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Prosus Lagged Returns
When evaluating Prosus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prosus pink sheet have on its future price. Prosus autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Prosus autocorrelation shows the relationship between Prosus pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Prosus.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Prosus Pink Sheet
Prosus financial ratios help investors to determine whether Prosus Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Prosus with respect to the benefits of owning Prosus security.