PagSeguro Digital Correlations

PAGS Stock

USD 7.99 0.36 4.72%

The current 90-days correlation between PagSeguro Digital and Marqeta is 0.08 (i.e., Significant 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

Significant diversification

The correlation between PagSeguro Digital and DJI is 0.05 (i.e., Significant 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.

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 together with PagSeguro Stock

0.81	G	Genpact Limited Sell-off Trend	Pair Corr
0.8	KC	Kingsoft Cloud Holdings	Pair Corr
0.74	LZ	LegalZoom	Pair Corr
0.79	MG	Mistras Group	Pair Corr
0.88	WM	Waste Management	Pair Corr
0.76	VRSK	Verisk Analytics	Pair Corr
0.63	VSEC	VSE Corporation	Pair Corr
0.71	ACU	Acme United	Pair Corr
0.64	ADP	Automatic Data Processing	Pair Corr

Moving against PagSeguro Stock

0.8	DLHC	DLH Holdings Corp	Pair Corr
0.8	VCIG	VCI Global Limited	Pair Corr
0.7	VLTO	Veralto	Pair Corr
0.69	BV	BrightView Holdings	Pair Corr
0.6	EXPO	Exponent	Pair Corr
0.58	WFCF	Where Food Comes	Pair Corr
0.46	FC	Franklin Covey	Pair Corr
0.37	FA	First Advantage Corp	Pair Corr
0.74	DLX	Deluxe	Pair Corr
0.72	FORR	Forrester Research	Pair Corr
0.67	CXW	CoreCivic	Pair Corr
0.65	DNB	Dun Bradstreet Holdings	Pair Corr
0.65	FCN	FTI Consulting	Pair Corr
0.61	AWX	Avalon Holdings	Pair Corr
0.61	AXR	AMREP	Pair Corr
0.59	BTM	Bitcoin Depot	Pair Corr
0.58	CLH	Clean Harbors	Pair Corr
0.56	CIX	CompX International	Pair Corr
0.47	EFX	Equifax	Pair Corr
0.39	GEO	Geo Group	Pair Corr
0.35	FTEK	Fuel Tech	Pair Corr
0.33	FOUR	Shift4 Payments	Pair Corr
0.32	BRC	Brady	Pair Corr
0.31	BCO	Brinks Company	Pair Corr

Related Correlations Analysis

	MQ	STNE	CFLT	NEWR	DLO	PATH	NET	AFRM	DAVA	NTNX
MQ		0.67	-0.43	0.0	-0.68	-0.76	-0.27	-0.62	-0.76	0.53	MQ
STNE	0.67		-0.14	0.0	-0.37	-0.46	0.19	-0.29	-0.67	0.72	STNE
CFLT	-0.43	-0.14		0.0	0.66	0.68	0.75	0.84	0.49	0.22	CFLT
NEWR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NEWR
DLO	-0.68	-0.37	0.66	0.0		0.89	0.58	0.79	0.82	-0.26	DLO
PATH	-0.76	-0.46	0.68	0.0	0.89		0.56	0.77	0.88	-0.24	PATH
NET	-0.27	0.19	0.75	0.0	0.58	0.56		0.76	0.33	0.48	NET
AFRM	-0.62	-0.29	0.84	0.0	0.79	0.77	0.76		0.69	-0.01	AFRM
DAVA	-0.76	-0.67	0.49	0.0	0.82	0.88	0.33	0.69		-0.48	DAVA
NTNX	0.53	0.72	0.22	0.0	-0.26	-0.24	0.48	-0.01	-0.48		NTNX
	MQ	STNE	CFLT	NEWR	DLO	PATH	NET	AFRM	DAVA	NTNX

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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

PATH	+ 0.89	DLO
DAVA	+ 0.88	PATH
AFRM	+ 0.84	CFLT
DAVA	+ 0.82	DLO
AFRM	+ 0.79	DLO
AFRM	+ 0.77	PATH

High negative correlations

DAVA	- 0.76	MQ
PATH	- 0.76	MQ
DLO	- 0.68	MQ
DAVA	- 0.67	STNE
AFRM	- 0.62	MQ
NTNX	- 0.48	DAVA

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
MQ	2.10	0.30	0.12	0.32	2.32	(2.43)	3.78	(4.43)	25.76
STNE	2.34	0.44	0.20	3.31	2.18	(2.93)	5.62	(3.98)	19.55
CFLT	3.06	(0.23)	0.00	(0.32)	0.00	0.00	4.80	(6.21)	36.11
NEWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLO	2.81	(0.28)	0.00	(0.40)	0.00	0.00	3.73	(5.03)	39.00
PATH	2.48	(0.33)	0.00	0.63	0.00	0.00	4.77	(4.61)	26.12
NET	2.54	0.18	0.05	0.07	3.14	(2.57)	3.95	(4.87)	26.62
AFRM	3.63	(0.31)	0.00	(0.17)	0.00	0.00	6.38	(8.12)	32.53
DAVA	1.78	(0.64)	0.00	(0.59)	0.00	0.00	2.53	(5.76)	11.56
NTNX	1.89	0.17	0.08	0.41	2.35	(2.16)	4.12	(3.03)	18.92

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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