Prada SpA Correlations

PRDSF Stock

USD 6.12 0.08 1.32%

The current 90-days correlation between Prada SpA and Burberry Group Plc is 0.24 (i.e., Modest diversification). The correlation of Prada SpA 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.

Prada SpA Correlation With Market

Average diversification

The correlation between Prada SpA and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prada SpA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Prada SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prada SpA 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 Prada SpA - 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 Prada SpA to buy it.

Moving together with Prada Pink Sheet

0.91	LVMHF	LVMH Mot Hennessy	Pair Corr
0.75	HESAY	Hermes International	Pair Corr
0.77	HESAF	Hermes International SCA	Pair Corr
0.89	CHDRY	Christian Dior SE	Pair Corr
0.92	CHDRF	Christian Dior SE	Pair Corr
0.86	SWGAY	Swatch Group AG Earnings Call This Week	Pair Corr
0.86	CFRUY	Compagnie Financiere	Pair Corr
0.88	CFRHF	Compagnie Financière	Pair Corr
0.94	PPRUF	Kering SA	Pair Corr
0.94	PPRUY	Kering SA	Pair Corr
0.63	SMCI	Super Micro Computer	Pair Corr
0.76	06654DAG2	BANNER 2907 01	Pair Corr

Moving against Prada Pink Sheet

0.84	056752AG3	BAIDU INC 4125	Pair Corr
0.58	TOITF	Topicus	Pair Corr
0.81	RGLXY	RTL Group SA	Pair Corr
0.65	IPOAF	Industrias Penoles Sab	Pair Corr
0.63	TETE	Technology Telecommunicatio	Pair Corr
0.61	ALMTF	Almonty Industries	Pair Corr
0.45	SRLZF	Salazar Resources	Pair Corr
0.45	AUMTF	Aurelia Metals	Pair Corr
0.44	03937LAA3	ARCH CAP GROUP	Pair Corr
0.32	F	Ford Motor Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	CFRUY	PPRUY	BURBY	SWGAY	CHDRF	PRDSY	CHDRY	PPRUF	CFRHF	HESAF
CFRUY		0.9	0.91	0.91	0.9	0.91	0.86	0.9	0.98	0.92	CFRUY
PPRUY	0.9		0.93	0.91	0.93	0.97	0.9	0.99	0.92	0.83	PPRUY
BURBY	0.91	0.93		0.84	0.94	0.93	0.93	0.93	0.92	0.83	BURBY
SWGAY	0.91	0.91	0.84		0.86	0.87	0.81	0.91	0.92	0.82	SWGAY
CHDRF	0.9	0.93	0.94	0.86		0.95	0.95	0.93	0.91	0.78	CHDRF
PRDSY	0.91	0.97	0.93	0.87	0.95		0.94	0.97	0.93	0.83	PRDSY
CHDRY	0.86	0.9	0.93	0.81	0.95	0.94		0.91	0.88	0.74	CHDRY
PPRUF	0.9	0.99	0.93	0.91	0.93	0.97	0.91		0.92	0.81	PPRUF
CFRHF	0.98	0.92	0.92	0.92	0.91	0.93	0.88	0.92		0.9	CFRHF
HESAF	0.92	0.83	0.83	0.82	0.78	0.83	0.74	0.81	0.9		HESAF
	CFRUY	PPRUY	BURBY	SWGAY	CHDRF	PRDSY	CHDRY	PPRUF	CFRHF	HESAF

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Risk-Adjusted Indicators

There is a big difference between Prada Pink Sheet performing well and Prada SpA 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 Prada SpA'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
CFRUY	1.68	0.01	0.00	(0.11)	0.00	0.00	2.90	(4.39)	11.78
PPRUY	2.30	(0.24)	0.00	(6.97)	0.00	0.00	4.73	(4.92)	17.94
BURBY	2.57	(0.36)	0.00	(0.44)	0.00	0.00	6.10	(4.62)	16.20
SWGAY	1.66	0.05	0.00	(0.06)	0.00	0.00	3.91	(3.29)	14.55
CHDRF	1.61	(0.35)	0.00	(0.96)	0.00	0.00	1.64	(4.73)	12.89
PRDSY	2.44	(0.32)	0.00	(2.15)	0.00	0.00	5.17	(5.24)	20.44
CHDRY	2.09	(0.37)	0.00	(0.94)	0.00	0.00	4.16	(5.32)	13.39
PPRUF	2.55	(0.24)	0.00	(0.48)	0.00	0.00	5.58	(5.84)	14.21
CFRHF	1.56	(0.02)	0.00	(0.14)	0.00	0.00	3.34	(5.06)	14.41
HESAF	1.62	0.06	0.05	0.03	2.52	(1.43)	3.11	(3.30)	11.17

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Our tools can tell you how much better you can do entering a position in Prada SpA 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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Prada SpA Corporate Management

Lorenzo Bertelli	Head Director	Profile
Andrea Bonini	CFO Director	Profile
Malika Savell	Equity Diversity	Profile
Paolo Zannoni	Ex Chairman	Profile

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