Prosegur Cash Correlations

CASH Stock

EUR 0.86 0.01 1.18%

The current 90-days correlation between Prosegur Cash SA and Sacyr SA is 0.05 (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

Good diversification

The correlation between Prosegur Cash SA and DJI is -0.08 (i.e., 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.

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

0.79	YVIT	Vitruvio Real Estate	Pair Corr
0.67	FCC	Fomento de Construcciones Earnings Call Next Week	Pair Corr
0.74	MRL	Merlin Properties SOCIMI	Pair Corr
0.87	YFID	Fidere Patrimonio SOCIMI	Pair Corr
0.65	YAI1	All Iron Re	Pair Corr
0.85	SCYR	Sacyr SA	Pair Corr
0.85	CIE	CIE Automotive SA Earnings Call This Week	Pair Corr
0.73	AIR	Airbus Group SE	Pair Corr
0.84	YHCR	Home Capital Rentals	Pair Corr
0.69	REP	Repsol Earnings Call This Week	Pair Corr
0.77	EDR	eDreams Odigeo SA	Pair Corr

Moving against Prosegur Stock

0.56

LOG

Cia de Distribucion

Pair Corr

Related Correlations Analysis

	LOG	CASH	SCYR	YVIT	ETC	ISUR	YHCR	PHM	YFID	MRL
LOG		-0.56	-0.73	-0.52	-0.39	-0.64	-0.55	-0.42	-0.76	-0.84	LOG
CASH	-0.56		0.85	0.79	0.5	0.5	0.84	0.48	0.87	0.74	CASH
SCYR	-0.73	0.85		0.7	0.62	0.62	0.82	0.67	0.92	0.9	SCYR
YVIT	-0.52	0.79	0.7		0.3	0.47	0.71	0.26	0.72	0.61	YVIT
ETC	-0.39	0.5	0.62	0.3		-0.04	0.48	0.77	0.61	0.43	ETC
ISUR	-0.64	0.5	0.62	0.47	-0.04		0.45	0.21	0.5	0.79	ISUR
YHCR	-0.55	0.84	0.82	0.71	0.48	0.45		0.47	0.93	0.73	YHCR
PHM	-0.42	0.48	0.67	0.26	0.77	0.21	0.47		0.59	0.53	PHM
YFID	-0.76	0.87	0.92	0.72	0.61	0.5	0.93	0.59		0.85	YFID
MRL	-0.84	0.74	0.9	0.61	0.43	0.79	0.73	0.53	0.85		MRL
	LOG	CASH	SCYR	YVIT	ETC	ISUR	YHCR	PHM	YFID	MRL

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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

YFID	+ 0.93	YHCR
YFID	+ 0.92	SCYR
MRL	+ 0.9	SCYR
YFID	+ 0.87	CASH
SCYR	+ 0.85	CASH
MRL	+ 0.85	YFID

High negative correlations

MRL	- 0.84	LOG
YFID	- 0.76	LOG
SCYR	- 0.73	LOG
ISUR	- 0.64	LOG
CASH	- 0.56	LOG
YHCR	- 0.55	LOG

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
LOG	0.65	(0.17)	0.00	(0.36)	0.00	0.00	1.06	(1.34)	9.65
CASH	1.47	0.34	0.09	(2.05)	1.41	(2.00)	2.82	(2.47)	7.12
SCYR	0.75	0.21	0.11	1.09	0.72	(0.90)	1.80	(1.16)	5.76
YVIT	0.48	0.08	(0.06)	(0.69)	0.47	(0.96)	1.29	(1.28)	3.89
ETC	2.77	0.35	0.07	(1.14)	2.29	(4.48)	8.43	(4.37)	24.67
ISUR	1.31	0.37	0.13	3.37	1.14	(1.85)	3.52	(1.85)	10.47
YHCR	0.02	0.00	0.00	0.18	0.00	0.00	0.00	0.00	0.76
PHM	2.06	0.10	(0.01)	1.86	3.40	(2.01)	4.01	(3.95)	16.72
YFID	0.41	0.00	0.00	0.00	0.00	0.00	2.04	0.00	4.67
MRL	0.72	0.28	0.19	16.08	0.46	(0.88)	1.70	(1.18)	4.78

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.

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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

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