Prosus NV (Netherlands) Market Value
| PRX Stock | EUR 31.21 0.32 1.04% |
| Symbol | Prosus |
Prosus NV '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 NV's stock 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 NV.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Prosus NV on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Prosus NV or generate 0.0% return on investment in Prosus NV over 720 days. Prosus NV is related to or competes with Just Eat, ASML Holding, Koninklijke Ahold, Adyen NV, and Anheuser Busch. Prosus N.V. engages in the e-commerce and internet businesses More
Prosus NV 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 NV's stock 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 NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1318 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 3.67 |
Prosus NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prosus NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prosus NV's standard deviation. In reality, there are many statistical measures that can use Prosus NV historical prices to predict the future Prosus NV's volatility.| Risk Adjusted Performance | 0.1204 | |||
| Jensen Alpha | 0.2581 | |||
| Total Risk Alpha | 0.09 | |||
| Sortino Ratio | 0.1711 | |||
| Treynor Ratio | 0.5051 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prosus NV's 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 NV Backtested Returns
We consider Prosus NV very steady. Prosus NV maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Prosus NV, which you can use to evaluate the volatility of the company. Please check Prosus NV's Risk Adjusted Performance of 0.1204, coefficient of variation of 547.22, and Semi Deviation of 1.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Prosus NV has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of 0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prosus NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prosus NV is expected to be smaller as well. Prosus NV right now holds a risk of 1.58%. Please check Prosus NV sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Prosus NV will be following its historical price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Prosus NV has insignificant reverse predictability. Overlapping area represents the amount of predictability between Prosus NV time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 NV price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Prosus NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 2.56 |
Prosus NV lagged returns against current returns
Autocorrelation, which is Prosus NV stock'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 NV's stock expected returns. We can calculate the autocorrelation of Prosus NV returns to help us make a trade decision. For example, suppose you find that Prosus NV has exhibited high autocorrelation historically, and you observe that the stock 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 NV 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 NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prosus NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prosus NV stock over time.
Current vs Lagged Prices |
| Timeline |
Prosus NV Lagged Returns
When evaluating Prosus NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prosus NV stock have on its future price. Prosus NV 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 NV autocorrelation shows the relationship between Prosus NV stock current value and its past values and can show if there is a momentum factor associated with investing in Prosus NV.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Prosus NV 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 NV Correlation, Prosus NV Volatility and Prosus NV Alpha and Beta module to complement your research on Prosus NV. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Prosus Stock analysis
When running Prosus NV's price analysis, check to measure Prosus NV'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 Prosus NV is operating at the current time. Most of Prosus NV's value examination focuses on studying past and present price action to predict the probability of Prosus NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prosus NV's price. Additionally, you may evaluate how the addition of Prosus NV to your portfolios can decrease your overall portfolio volatility.
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Prosus NV technical stock 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, stock market cycles, or different charting patterns.