ProSiebenSat1 Media Correlations
| PBSFY Stock | USD 2.26 0.22 10.78% |
The current 90-days correlation between ProSiebenSat1 Media and RTL Group SA is 0.37 (i.e., Weak diversification). The correlation of ProSiebenSat1 Media 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.
ProSiebenSat1 Media Correlation With Market
Average diversification
The correlation between ProSiebenSat1 Media AG and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProSiebenSat1 Media AG and DJI in the same portfolio, assuming nothing else is changed.
ProSiebenSat1 |
The ability to find closely correlated positions to ProSiebenSat1 Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProSiebenSat1 Media 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 ProSiebenSat1 Media - 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 ProSiebenSat1 Media AG to buy it.
Moving together with ProSiebenSat1 Pink Sheet
| 0.61 | SGBAF | SES SA | PairCorr |
| 0.61 | NNE | Nano Nuclear Energy | PairCorr |
| 0.78 | NVDA | NVIDIA | PairCorr |
| 0.76 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.73 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.73 | CLSK | CleanSpark | PairCorr |
| 0.65 | SOFI | SoFi Technologies | PairCorr |
| 0.68 | AAL | American Airlines | PairCorr |
| 0.62 | MRVL | Marvell Technology | PairCorr |
| 0.66 | FCX | Freeport McMoran Copper | PairCorr |
| 0.61 | SWDBY | Swedbank AB | PairCorr |
| 0.65 | WBD | Warner Bros Discovery Earnings Call This Week | PairCorr |
| 0.62 | WAB | Westinghouse Air Brake | PairCorr |
| 0.69 | CBL | CBL Associates Properties Earnings Call This Week | PairCorr |
| 0.67 | VWSYF | Vestas Wind Systems | PairCorr |
Moving against ProSiebenSat1 Pink Sheet
| 0.38 | GRPS | Gold River Prods | PairCorr |
| 0.63 | HCTI | Healthcare Triangle | PairCorr |
| 0.54 | SKYI | Sky Century Investment | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EMMS | ||
| 0.0 | 0.68 | 0.1 | -0.09 | 0.0 | 0.29 | RGLXF | ||
| 0.0 | 0.68 | 0.11 | 0.11 | 0.0 | 0.23 | IHRTB | ||
| 0.0 | 0.1 | 0.11 | 0.06 | 0.0 | 0.53 | ITVPY | ||
| 0.0 | -0.09 | 0.11 | 0.06 | 0.0 | -0.22 | RGLXY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AZTEF | ||
| 0.0 | 0.29 | 0.23 | 0.53 | -0.22 | 0.0 | ITVPF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between ProSiebenSat1 Pink Sheet performing well and ProSiebenSat1 Media 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 ProSiebenSat1 Media'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMMS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RGLXF | 1.22 | 0.68 | 0.00 | (1.31) | 0.00 | 0.00 | 9.53 | |||
| IHRTB | 0.49 | 0.23 | 0.00 | 6.36 | 0.00 | 0.00 | 16.39 | |||
| ITVPY | 1.30 | 0.12 | (0.02) | (0.19) | 1.31 | 4.96 | 17.34 | |||
| RGLXY | 3.21 | (0.17) | 0.00 | 0.04 | 4.87 | 12.40 | 45.06 | |||
| AZTEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ITVPF | 0.90 | 0.46 | 0.00 | (4.59) | 0.00 | 0.00 | 23.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ProSiebenSat1 Media 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?
Run Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
ProSiebenSat1 Media Corporate Management
| Rdiger Bss | Head Acquisitions | Profile | |
| Susanne Brieu | Head Communications | Profile | |
| Stefanie RuppMenedetter | Head Events | Profile | |
| Dirk Voigtlnder | Head VP | Profile | |
| Thomas Wagner | Group Officer | Profile | |
| Wolfgang Link | Member Entertainment | Profile |