Prosegur Cash Correlations
| CASH Stock | EUR 0.70 0.01 1.45% |
The current 90-days correlation between Prosegur Cash SA and Vytrus Biotech SA is 0.01 (i.e., Significant diversification). The correlation of Prosegur Cash 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 Cash Correlation With Market
Very good diversification
The correlation between Prosegur Cash SA and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosegur Cash SA and DJI in the same portfolio, assuming nothing else is changed.
Prosegur |
The ability to find closely correlated positions to Prosegur Cash 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 Cash 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 Cash - 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 Cash SA to buy it.
Moving together with Prosegur Stock
| 0.93 | SAN | Banco Santander | PairCorr |
| 0.8 | IBE | Iberdrola SA | PairCorr |
| 0.61 | XVALO | Vale SA | PairCorr |
| 0.65 | AIR | Airbus Group SE | PairCorr |
| 0.96 | CABK | Caixabank SA | PairCorr |
| 0.87 | TEF | Telefonica | PairCorr |
| 0.85 | NTGY | Naturgy Energy Group | PairCorr |
| 0.63 | VIS | Viscofan | PairCorr |
Related Correlations Analysis
| -0.27 | -0.85 | -0.93 | 0.85 | 0.0 | -0.28 | VYT | ||
| -0.27 | 0.39 | 0.14 | 0.07 | 0.0 | 0.29 | ETC | ||
| -0.85 | 0.39 | 0.85 | -0.75 | 0.0 | 0.66 | YEIS | ||
| -0.93 | 0.14 | 0.85 | -0.83 | 0.0 | 0.31 | YAZR | ||
| 0.85 | 0.07 | -0.75 | -0.83 | 0.0 | -0.36 | YTCH | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TQT | ||
| -0.28 | 0.29 | 0.66 | 0.31 | -0.36 | 0.0 | YHCR | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Prosegur Stock performing well and Prosegur Cash 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 Cash'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VYT | 1.04 | 0.37 | 0.21 | (2.63) | 0.67 | 3.85 | 10.72 | |||
| ETC | 1.79 | (0.25) | 0.00 | 1.82 | 0.00 | 3.78 | 14.62 | |||
| YEIS | 1.63 | (0.98) | 0.00 | 2.33 | 0.00 | 0.00 | 24.32 | |||
| YAZR | 0.11 | (0.06) | 0.00 | (0.86) | 0.00 | 0.00 | 3.79 | |||
| YTCH | 0.11 | 0.02 | 0.00 | (0.84) | 0.00 | 0.96 | 1.95 | |||
| TQT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YHCR | 0.23 | (0.13) | 0.00 | 14.72 | 0.00 | 0.00 | 7.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prosegur Cash 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.Did you try this?
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Prosegur Cash Corporate Management
Elected by the shareholders, the Prosegur Cash's board of directors comprises two types of representatives: Prosegur Cash inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prosegur. The board's role is to monitor Prosegur Cash's management team and ensure that shareholders' interests are well served. Prosegur Cash'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, Prosegur Cash's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pablo Arranz | Investor Director | Profile | |
| Roldn Pereda | Vice Sec | Profile | |
| Javier Vzquez | Chief Officer | Profile | |
| Juan Cocci | Managing America | Profile | |
| Renata Navarro | Sec | Profile | |
| Christian Revoredo | Ex Chairman | Profile | |
| Juan Carrera | HR Director | Profile |