PagSeguro Digital Correlations

PAGS Stock

USD 7.92 0.57 6.71%

The current 90-days correlation between PagSeguro Digital and Dlocal is 0.27 (i.e., Modest 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 0.31 (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.

Build AI portfolio with PagSeguro Stock

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 against PagSeguro Stock

0.31	DXST	Decent Holding Ordinary	Pair Corr
0.37	KFRC	Kforce Inc	Pair Corr
0.32	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	DLO	STNE	NTNX	XP	ESTC
DLO		0.63	0.69	0.82	0.4	DLO
STNE	0.63		0.34	0.62	0.04	STNE
NTNX	0.69	0.34		0.78	0.79	NTNX
XP	0.82	0.62	0.78		0.4	XP
ESTC	0.4	0.04	0.79	0.4		ESTC
	DLO	STNE	NTNX	XP	ESTC

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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
DLO	1.86	0.27	0.16	0.34	1.62	(2.12)	4.67	(2.49)	14.78
STNE	2.32	0.13	0.05	0.26	2.33	(2.91)	4.73	(3.43)	13.86
NTNX	1.53	0.25	0.12	0.46	1.53	(1.74)	3.85	(2.17)	11.06
XP	1.58	0.28	0.13	0.65	1.42	(1.98)	3.52	(1.98)	15.36
ESTC	1.67	0.00	0.01	0.13	2.64	(1.61)	3.55	(3.74)	20.54

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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