Prosus Stock Market Value
| PROSF Stock | USD 33.48 0.44 1.30% |
| Symbol | Prosus |
Prosus 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Prosus' pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Prosus.
| 11/08/2023 |
| 05/06/2024 |
If you would invest 0.00 in Prosus on November 8, 2023 and sell it all today you would earn a total of 0.00 from holding Prosus or generate 0.0% return on investment in Prosus over 180 days. Prosus is related to or competes with Twilio, Snap, Alphabet, Pinterest, Hello, Weibo Corp, and DouYu International. Prosus N.V. engages in the e-commerce and internet businesses More
Prosus Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Prosus' pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Prosus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0372 | |||
| Maximum Drawdown | 11.2 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.88 |
Prosus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prosus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prosus' standard deviation. In reality, there are many statistical measures that can use Prosus historical prices to predict the future Prosus' volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.1588 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0416 | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prosus' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prosus Backtested Returns
We consider Prosus very steady. Prosus maintains Sharpe Ratio (i.e., Efficiency) of 0.0501, which implies the firm had a 0.0501% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prosus, which you can use to evaluate the volatility of the company. Please check Prosus' Semi Deviation of 1.08, risk adjusted performance of 0.0559, and Coefficient Of Variation of 1284.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0914%. Prosus has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prosus are expected to decrease at a much lower rate. During the bear market, Prosus is likely to outperform the market. Prosus right now holds a risk of 1.82%. Please check Prosus value at risk, as well as the relationship between the skewness and day typical price , to decide if Prosus will be following its historical price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Prosus has modest reverse predictability. Overlapping area represents the amount of predictability between Prosus time series from 8th of November 2023 to 6th of February 2024 and 6th of February 2024 to 6th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Prosus price movement. The serial correlation of -0.49 indicates that about 49.0% of current Prosus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.47 |
Prosus lagged returns against current returns
Autocorrelation, which is Prosus pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Prosus' pink sheet expected returns. We can calculate the autocorrelation of Prosus returns to help us make a trade decision. For example, suppose you find that Prosus has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Prosus regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Prosus pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prosus pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prosus pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Prosus Lagged Returns
When evaluating Prosus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prosus pink sheet have on its future price. Prosus autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Prosus autocorrelation shows the relationship between Prosus pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Prosus.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Prosus in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Prosus' short interest history, or implied volatility extrapolated from Prosus options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Prosus using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Prosus Correlation, Prosus Volatility and Prosus Alpha and Beta module to complement your research on Prosus. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Prosus Pink Sheet analysis
When running Prosus' price analysis, check to measure Prosus' 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 Prosus is operating at the current time. Most of Prosus' value examination focuses on studying past and present price action to predict the probability of Prosus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prosus' price. Additionally, you may evaluate how the addition of Prosus to your portfolios can decrease your overall portfolio volatility.
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Prosus technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.