Prosiebensat Correlations

Stocks . Germany . 
Stock . Prosiebensat 1 Media
PSM Stock   7.17  0.02  0.28%   
The current 90-days correlation between Prosiebensat 1 Media and Federal Agricultural Mortgage is 0.18 (i.e., Average diversification). The correlation of Prosiebensat 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.

Prosiebensat Correlation With Market

Significant diversification

The correlation between Prosiebensat 1 Media 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 Prosiebensat 1 Media and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Prosiebensat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prosiebensat 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 Prosiebensat - 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 Prosiebensat 1 Media to buy it.

Moving together with Prosiebensat Stock

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Moving against Prosiebensat Stock

  0.52TOMA Toyota MotorPairCorr
  0.33KOU KWG Group HoldingsPairCorr
  0.4AOMD Alstom SAPairCorr

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   
EK7A
+ 0.81
37H
WIJ
+ 0.29
902
EK7A
+ 0.24
A35
A35
+ 0.13
37H
902
+ 0.04
A35
HNC
+ 0.0
37H
  
High negative correlations   
EK7A
- 0.71
902
902
- 0.61
37H
WIJ
- 0.36
37H
EK7A
- 0.2
WIJ
WIJ
- 0.07
A35
EK7A
- 0.0
HNC

Risk-Adjusted Indicators

There is a big difference between Prosiebensat Stock performing well and Prosiebensat 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 Prosiebensat'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Prosiebensat 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.

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Prosiebensat Corporate Management

Elected by the shareholders, the Prosiebensat's board of directors comprises two types of representatives: Prosiebensat inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prosiebensat. The board's role is to monitor Prosiebensat's management team and ensure that shareholders' interests are well served. Prosiebensat'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, Prosiebensat's outside directors are responsible for providing unbiased perspectives on the board's policies.
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