Prosafe SE Correlations

1Q6 Stock  EUR 0.56  0.02  3.70%   
The current 90-days correlation between Prosafe SE and Federal Agricultural Mortgage is 0.13 (i.e., Average diversification). The correlation of Prosafe SE 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.

Prosafe SE Correlation With Market

Good diversification

The correlation between Prosafe SE and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosafe SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Prosafe SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prosafe SE 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 Prosafe SE - 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 Prosafe SE to buy it.

Moving together with Prosafe Stock

  0.63HAL HalliburtonPairCorr
  0.68I7G Ipsen SAPairCorr

Moving against Prosafe Stock

  0.62CJH CanSino BiologicsPairCorr
  0.48VVDH Veolia EnvironnementPairCorr
  0.45RHM Rheinmetall AGPairCorr
  0.42HVB ÃœSTRA HannoverschePairCorr
  0.41DBPE Xtrackers LevDAXPairCorr

Related Correlations Analysis

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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   
SIT4TCW
EK7TCW
902TCW
72STCW
SIT472S
SIT4902
  
High negative correlations   
DFA1EK7
DFA1TCW
DFA1902
SIT4DFA1
CQDDFA1
DFA172S

Risk-Adjusted Indicators

There is a big difference between Prosafe Stock performing well and Prosafe SE 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 Prosafe SE'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Prosafe SE 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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Prosafe SE Corporate Management

Elected by the shareholders, the Prosafe SE's board of directors comprises two types of representatives: Prosafe SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prosafe. The board's role is to monitor Prosafe SE's management team and ensure that shareholders' interests are well served. Prosafe SE's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Prosafe SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
Birgit AagaardSvendsenIndependent Non-Executive DirectorProfile
Reese McNeelChief OfficerProfile
Cecilie OuffSr RelationsProfile
Ryan StewartChief OfficerProfile
Svend MaierIndependent Non-Executive DirectorProfile
Kristian JohansenIndependent Non-Executive DirectorProfile
Jesper AndresenChief OfficerProfile