PROS Holdings Correlations

PRO Stock

USD 20.67 0.30 1.43%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PROS Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PROS Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PROS Holdings Correlation With Market

Weak diversification

The correlation between PROS Holdings and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PROS Holdings 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 PROS Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in PROS Stock, please use our How to Invest in PROS Holdings guide.

Moving together with PROS Stock

0.92	DT	Dynatrace Holdings LLC	Pair Corr
0.66	DV	DoubleVerify Holdings	Pair Corr
0.81	DUOL	Duolingo	Pair Corr
0.68	EGHT	8x8 Common Stock	Pair Corr
0.84	ESTC	Elastic NV	Pair Corr

Moving against PROS Stock

0.47	QH	Quhuo	Pair Corr
0.31	DJCO	Daily Journal Corp	Pair Corr
0.43	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	MNTV	MIXT	MLNK	ENFN	PDFS	PLUS	MODN	PRGS	SPNS	PCTY
MNTV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNTV
MIXT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MIXT
MLNK	0.0	0.0		-0.49	0.61	0.48	0.0	0.71	0.25	-0.1	MLNK
ENFN	0.0	0.0	-0.49		-0.59	-0.43	0.0	-0.76	0.28	0.22	ENFN
PDFS	0.0	0.0	0.61	-0.59		0.81	0.0	0.74	-0.24	0.24	PDFS
PLUS	0.0	0.0	0.48	-0.43	0.81		0.0	0.5	-0.42	0.2	PLUS
MODN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MODN
PRGS	0.0	0.0	0.71	-0.76	0.74	0.5	0.0		0.02	-0.1	PRGS
SPNS	0.0	0.0	0.25	0.28	-0.24	-0.42	0.0	0.02		0.07	SPNS
PCTY	0.0	0.0	-0.1	0.22	0.24	0.2	0.0	-0.1	0.07		PCTY
	MNTV	MIXT	MLNK	ENFN	PDFS	PLUS	MODN	PRGS	SPNS	PCTY

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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

PLUS	+ 0.81	PDFS
PRGS	+ 0.74	PDFS
PRGS	+ 0.71	MLNK
PDFS	+ 0.61	MLNK
PRGS	+ 0.5	PLUS
PLUS	+ 0.48	MLNK

High negative correlations

PRGS	- 0.76	ENFN
PDFS	- 0.59	ENFN
ENFN	- 0.49	MLNK
PLUS	- 0.43	ENFN
SPNS	- 0.42	PLUS
SPNS	- 0.24	PDFS

Risk-Adjusted Indicators

There is a big difference between PROS Stock performing well and PROS Holdings 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 PROS Holdings' 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
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLNK	1.38	(0.14)	0.00	(0.20)	0.00	0.00	1.93	(3.68)	21.48
ENFN	1.18	0.07	0.09	(0.69)	1.61	(1.39)	3.38	(2.60)	10.10
PDFS	2.47	(0.41)	0.00	(0.52)	0.00	0.00	3.23	(5.26)	22.74
PLUS	1.37	(0.24)	0.00	(0.40)	0.00	0.00	2.20	(3.42)	15.86
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRGS	1.36	(0.29)	0.00	(0.62)	0.00	0.00	2.68	(2.58)	11.34
SPNS	1.20	0.01	0.00	(0.07)	0.00	0.00	2.61	(2.83)	7.93
PCTY	1.48	(0.01)	0.00	(0.09)	0.00	0.00	2.28	(2.98)	8.44

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