PagSeguro Digital Correlations

PAGS Stock

USD 8.26 0.17 2.02%

The current 90-days correlation between PagSeguro Digital and Marqeta is 0.12 (i.e., Average diversification). The correlation of PagSeguro Digital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

PagSeguro Digital Correlation With Market

Weak diversification

The correlation between PagSeguro Digital and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PagSeguro Digital and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PagSeguro Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy PagSeguro Stock please use our How to Invest in PagSeguro Digital guide.

Moving together with PagSeguro Stock

0.85	G	Genpact Limited	Pair Corr
0.79	MG	Mistras Group	Pair Corr
0.72	GDS	GDS Holdings Earnings Call Today	Pair Corr
0.8	WNS	WNS Holdings	Pair Corr
0.63	IIIV	i3 Verticals	Pair Corr
0.74	BZ	Kanzhun Ltd ADR	Pair Corr
0.83	DE	Deere Company	Pair Corr
0.85	EH	Ehang Holdings	Pair Corr

Moving against PagSeguro Stock

0.83	TTEK	Tetra Tech	Pair Corr
0.8	CMPR	Cimpress NV	Pair Corr
0.77	KBR	KBR Inc	Pair Corr
0.7	DLX	Deluxe	Pair Corr
0.66	MATW	Matthews International	Pair Corr
0.65	ASGN	ASGN Inc	Pair Corr
0.64	EVGOW	EVgo Equity Warrants	Pair Corr
0.59	FVRR	Fiverr International	Pair Corr
0.56	J	Jacobs Solutions	Pair Corr
0.53	CIX	CompX International	Pair Corr
0.52	MSA	MSA Safety	Pair Corr
0.52	RPAY	Repay Holdings Corp	Pair Corr
0.51	CLVT	CLARIVATE PLC	Pair Corr
0.39	GEO	Geo Group	Pair Corr
0.36	NL	NL Industries	Pair Corr
0.76	BW	Babcock Wilcox Enter	Pair Corr
0.64	BV	BrightView Holdings	Pair Corr
0.62	CW	Curtiss Wright	Pair Corr
0.62	OP	Oceanpal	Pair Corr
0.58	KE	Kimball Electronics	Pair Corr
0.54	IR	Ingersoll Rand	Pair Corr
0.42	GD	General Dynamics	Pair Corr
0.4	FC	Franklin Covey Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	MQ	STNE	CFLT	NEWR	DLO	PATH	NET	AFRM	DAVA	NTNX
MQ		0.6	-0.3	0.0	-0.59	-0.64	-0.17	-0.52	-0.68	0.52	MQ
STNE	0.6		0.11	0.0	-0.13	-0.27	0.47	-0.09	-0.5	0.73	STNE
CFLT	-0.3	0.11		0.0	0.64	0.61	0.73	0.84	0.43	0.35	CFLT
NEWR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NEWR
DLO	-0.59	-0.13	0.64	0.0		0.85	0.51	0.72	0.77	-0.06	DLO
PATH	-0.64	-0.27	0.61	0.0	0.85		0.47	0.71	0.87	-0.14	PATH
NET	-0.17	0.47	0.73	0.0	0.51	0.47		0.63	0.22	0.64	NET
AFRM	-0.52	-0.09	0.84	0.0	0.72	0.71	0.63		0.62	0.1	AFRM
DAVA	-0.68	-0.5	0.43	0.0	0.77	0.87	0.22	0.62		-0.4	DAVA
NTNX	0.52	0.73	0.35	0.0	-0.06	-0.14	0.64	0.1	-0.4		NTNX
	MQ	STNE	CFLT	NEWR	DLO	PATH	NET	AFRM	DAVA	NTNX

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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

DAVA	+ 0.87	PATH
PATH	+ 0.85	DLO
AFRM	+ 0.84	CFLT
DAVA	+ 0.77	DLO
NTNX	+ 0.73	STNE
NET	+ 0.73	CFLT

High negative correlations

DAVA	- 0.68	MQ
PATH	- 0.64	MQ
DLO	- 0.59	MQ
AFRM	- 0.52	MQ
DAVA	- 0.5	STNE
NTNX	- 0.4	DAVA

Risk-Adjusted Indicators

There is a big difference between PagSeguro Stock performing well and PagSeguro Digital 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 PagSeguro Digital'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
MQ	2.08	0.24	0.09	0.24	2.51	(2.28)	3.78	(4.63)	25.76
STNE	2.40	0.46	0.17	0.24	2.34	(3.10)	5.62	(3.79)	17.29
CFLT	3.05	(0.03)	0.00	(0.09)	0.00	0.00	5.23	(6.21)	36.11
NEWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLO	2.61	(0.20)	0.00	(0.78)	0.00	0.00	3.73	(3.88)	39.00
PATH	2.50	(0.20)	0.00	(0.17)	0.00	0.00	4.77	(5.20)	26.12
NET	2.47	0.20	0.06	0.13	3.23	(2.46)	3.79	(4.87)	26.62
AFRM	3.68	(0.25)	0.00	(0.17)	0.00	0.00	6.38	(8.88)	32.53
DAVA	1.75	(0.40)	0.00	(0.43)	0.00	0.00	2.88	(5.76)	11.56
NTNX	1.86	0.25	0.09	0.17	2.41	(2.04)	4.12	(3.26)	18.92

PagSeguro Digital Corporate Management

Richardo Silva	Executive Officer, Director	Profile
Luis Frias	Chairman of the Board, Principal Executive Officer	Profile
ric Oliveira	Head Relations	Profile
Maria Brito	Director	Profile
Alexandre Magnani	Chief Officer	Profile
Cleveland Teixeira	Independent Director	Profile

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