Prosper Gold Correlations
| PGX Stock | CAD 0.11 0.01 8.33% |
The correlation of Prosper Gold 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 Prosper Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prosper Gold Corp 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.
Average diversification
The correlation between Prosper Gold Corp and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosper Gold Corp and NYA in the same portfolio, assuming nothing else is changed.
Prosper |
The ability to find closely correlated positions to Prosper Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prosper Gold 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 Prosper Gold - 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 Prosper Gold Corp to buy it.
Moving together with Prosper Stock
Moving against Prosper Stock
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| 0.84 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.83 | JPM | JPMorgan Chase | PairCorr |
| 0.83 | TD-PFB | Toronto Dominion Bank | PairCorr |
| 0.79 | BOFA | Bank of America | PairCorr |
| 0.7 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.64 | TD-PFD | Toronto Dominion Bank | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Prosper Stock performing well and Prosper Gold 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 Prosper Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MFC | 0.84 | 0.10 | 0.11 | 0.15 | 0.70 | 1.55 | 10.50 | |||
| TD | 0.62 | (0.06) | 0.00 | (0.03) | 0.00 | 1.20 | 3.30 | |||
| ENB | 0.65 | (0.13) | 0.00 | (0.16) | 0.00 | 1.44 | 4.06 | |||
| T | 0.79 | (0.23) | 0.00 | (0.21) | 0.00 | 1.29 | 5.52 | |||
| TRP | 0.74 | (0.16) | 0.00 | (0.20) | 0.00 | 1.19 | 4.81 | |||
| ATH | 1.39 | 0.19 | 0.06 | 2.77 | 1.83 | 3.33 | 10.78 | |||
| BNS | 0.72 | 0.01 | (0.01) | 0.07 | 0.90 | 1.16 | 5.30 | |||
| CM | 0.67 | 0.04 | 0.03 | 0.11 | 0.66 | 1.21 | 3.85 | |||
| PPL | 0.47 | 0.03 | 0.00 | 0.13 | 0.52 | 0.87 | 2.73 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prosper Gold 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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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
Prosper Gold Corporate Executives
Elected by the shareholders, the Prosper Gold's board of directors comprises two types of representatives: Prosper Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prosper. The board's role is to monitor Prosper Gold's management team and ensure that shareholders' interests are well served. Prosper Gold'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, Prosper Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sharon Lee | Interim CFO and Corporate Secretary | Profile |
Already Invested in Prosper Gold Corp?
The danger of trading Prosper Gold Corp 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 Prosper Gold 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 Prosper Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Prosper Gold Corp 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 Prosper Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Prosper Stock analysis
When running Prosper Gold's price analysis, check to measure Prosper Gold'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 Prosper Gold is operating at the current time. Most of Prosper Gold's value examination focuses on studying past and present price action to predict the probability of Prosper Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prosper Gold's price. Additionally, you may evaluate how the addition of Prosper Gold to your portfolios can decrease your overall portfolio volatility.
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