Naspers Correlations

NAPRF Stock

USD 253.75 0.00 0.00%

The current 90-days correlation between Naspers Limited and Prosus NV ADR is 0.37 (i.e., Weak diversification). The correlation of Naspers 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.

Naspers Correlation With Market

Modest diversification

The correlation between Naspers Limited and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Naspers Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Naspers Pink Sheet

0.65	TCTZF	Tencent Holdings	Pair Corr
0.66	TCEHY	Tencent Holdings	Pair Corr
0.82	PROSY	Prosus NV ADR	Pair Corr
0.82	PROSF	Prosus	Pair Corr
0.62	PG	Procter Gamble	Pair Corr

Moving against Naspers Pink Sheet

0.55	GOOG	Alphabet Class C	Pair Corr
0.41	PPERY	Bank Mandiri Persero	Pair Corr
0.4	DCGO	DocGo Inc	Pair Corr
0.34	SSNLF	Samsung Electronics	Pair Corr
0.33	TLK	Telkom Indonesia Tbk	Pair Corr
0.54	CAT	Caterpillar	Pair Corr
0.5	JPM	JPMorgan Chase	Pair Corr
0.31	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	PROSY	IAC	ATHM	TCEHY	YY	MOMO	BAIDF	AREN	TBLA
PROSY		0.76	0.66	0.92	0.59	0.37	0.26	0.59	-0.52	PROSY
IAC	0.76		0.64	0.72	0.51	0.35	0.29	0.37	-0.36	IAC
ATHM	0.66	0.64		0.84	0.87	0.26	-0.08	0.27	-0.56	ATHM
TCEHY	0.92	0.72	0.84		0.78	0.31	0.05	0.46	-0.65	TCEHY
YY	0.59	0.51	0.87	0.78		0.43	-0.19	0.21	-0.47	YY
MOMO	0.37	0.35	0.26	0.31	0.43		0.06	0.23	0.27	MOMO
BAIDF	0.26	0.29	-0.08	0.05	-0.19	0.06		0.27	0.09	BAIDF
AREN	0.59	0.37	0.27	0.46	0.21	0.23	0.27		-0.28	AREN
TBLA	-0.52	-0.36	-0.56	-0.65	-0.47	0.27	0.09	-0.28		TBLA
	PROSY	IAC	ATHM	TCEHY	YY	MOMO	BAIDF	AREN	TBLA

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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

TCEHY	+ 0.92	PROSY
YY	+ 0.87	ATHM
TCEHY	+ 0.84	ATHM
YY	+ 0.78	TCEHY
IAC	+ 0.76	PROSY
TCEHY	+ 0.72	IAC

High negative correlations

TBLA	- 0.65	TCEHY
TBLA	- 0.56	ATHM
TBLA	- 0.52	PROSY
TBLA	- 0.47	YY
TBLA	- 0.36	IAC
TBLA	- 0.28	AREN

Risk-Adjusted Indicators

There is a big difference between Naspers Pink Sheet performing well and Naspers 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 Naspers' 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
PROSY	1.72	0.25	0.12	1.34	2.32	(1.86)	4.12	(3.32)	13.97
IAC	1.55	0.15	0.10	0.10	1.50	(1.99)	4.26	(2.41)	12.96
ATHM	1.56	0.21	0.11	0.29	1.86	(1.60)	3.57	(3.41)	8.70
TCEHY	1.99	0.38	0.17	1.21	2.26	(2.26)	3.87	(4.06)	14.09
YY	2.43	0.12	0.04	0.11	3.39	(2.38)	4.58	(4.95)	16.46
MOMO	2.12	(0.20)	0.00	(1.76)	0.00	0.00	4.40	(4.15)	14.12
BAIDF	5.09	0.45	0.05	0.41	6.87	(5.31)	10.73	(12.29)	36.58
AREN	4.45	0.09	0.03	2.09	5.16	(4.99)	10.77	(8.07)	23.55
TBLA	1.92	(0.36)	0.00	(0.60)	0.00	0.00	3.45	(3.19)	20.30

Be your own money manager

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

David Tudor	Group General Counsel	Profile
Lawrence Illg	Chief Food	Profile
Vasileios Sgourdos	Financial CFO	Profile
Eoin Ryan	Head Relations	Profile
Aileen OToole	Group Officer	Profile
Laurent Moal	Chief Fintech	Profile
Meloy Horn	Head of Investor Relations	Profile

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