Prosafe Correlations
| PRSEF Stock | USD 4.95 0.00 0.00% |
The correlation of Prosafe 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prosafe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prosafe moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Prosafe and NYA is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosafe and NYA in the same portfolio, assuming nothing else is changed.
Prosafe |
The ability to find closely correlated positions to Prosafe 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 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 - 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 to buy it.
Moving against Prosafe Pink Sheet
| 0.46 | FI | Fiserv Inc Symbol Change | PairCorr |
| 0.44 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.64 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.63 | WMT | Walmart Sell-off Trend | PairCorr |
| 0.61 | AXP | American Express Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.67 | 0.67 | 0.81 | 0.84 | 0.81 | 0.84 | FI | ||
| 0.67 | 0.82 | 0.82 | 0.78 | 0.72 | 0.68 | SLB | ||
| 0.67 | 0.82 | 0.94 | 0.8 | 0.91 | 0.83 | HAL | ||
| 0.81 | 0.82 | 0.94 | 0.9 | 0.96 | 0.92 | BKR | ||
| 0.84 | 0.78 | 0.8 | 0.9 | 0.9 | 0.87 | TS | ||
| 0.81 | 0.72 | 0.91 | 0.96 | 0.9 | 0.94 | FTI | ||
| 0.84 | 0.68 | 0.83 | 0.92 | 0.87 | 0.94 | WFRD | ||
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Risk-Adjusted Indicators
There is a big difference between Prosafe Pink Sheet performing well and Prosafe 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FI | 0.83 | 0.07 | 0.07 | 0.14 | 0.92 | 1.68 | 6.45 | |||
| SLB | 0.97 | (0.13) | 0.00 | (0.08) | 0.00 | 1.97 | 8.78 | |||
| HAL | 0.93 | 0.01 | 0.00 | 0.09 | 1.05 | 2.33 | 6.45 | |||
| BKR | 1.02 | 0.07 | 0.05 | 0.16 | 1.11 | 2.29 | 5.33 | |||
| TS | 1.13 | 0.02 | 0.01 | 0.10 | 1.69 | 2.20 | 10.05 | |||
| FTI | 1.47 | 0.44 | 0.26 | 0.65 | 1.10 | 3.49 | 10.18 | |||
| WFRD | 2.09 | 0.37 | 0.14 | 0.45 | 2.44 | 4.87 | 14.47 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prosafe 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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Prosafe Corporate Directors
Prosafe corporate directors refer to members of a Prosafe board of directors. The board of directors generally takes responsibility for the Prosafe's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Prosafe's board members must vote for the resolution. The Prosafe board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Glen Rodland | Director | Profile | |
| Christian Brinch | Director | Profile | |
| Svend Maier | Director | Profile | |
| Carine Ihenacho | Director | Profile |
Already Invested in Prosafe?
The danger of trading Prosafe is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Prosafe is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Prosafe. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Prosafe is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prosafe. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Prosafe information on this page should be used as a complementary analysis to other Prosafe's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Prosafe Pink Sheet analysis
When running Prosafe's price analysis, check to measure Prosafe's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prosafe is operating at the current time. Most of Prosafe's value examination focuses on studying past and present price action to predict the probability of Prosafe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prosafe's price. Additionally, you may evaluate how the addition of Prosafe to your portfolios can decrease your overall portfolio volatility.
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