Prodea Real Correlations

PRODEA Stock

EUR 6.90 0.47 7.31%

The current 90-days correlation between Prodea Real Estate and Piraeus Financial Holdings is -0.08 (i.e., Good diversification). The correlation of Prodea Real 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.

Prodea Real Correlation With Market

Good diversification

The correlation between Prodea Real Estate and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prodea Real Estate and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Prodea Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prodea Real 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 Prodea Real - 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 Prodea Real Estate to buy it.

Moving together with Prodea Stock

0.66	MYTIL	Mytilineos SA	Pair Corr
0.65	MOH	Motor Oil Corinth	Pair Corr
0.61	VIO	Viohalco SA	Pair Corr

Moving against Prodea Stock

0.46

EEE

Coca Cola HBC

Pair Corr

Related Correlations Analysis

	TPEIR	HTO	ELTON	ASCO	INTET	FOODL	PROF	MIG
TPEIR		0.09	-0.32	0.62	0.61	0.05	0.32	0.55	TPEIR
HTO	0.09		-0.49	0.05	0.5	-0.34	0.53	0.37	HTO
ELTON	-0.32	-0.49		-0.47	-0.81	0.32	-0.12	-0.68	ELTON
ASCO	0.62	0.05	-0.47		0.71	0.29	0.23	0.42	ASCO
INTET	0.61	0.5	-0.81	0.71		-0.22	0.36	0.78	INTET
FOODL	0.05	-0.34	0.32	0.29	-0.22		-0.19	-0.52	FOODL
PROF	0.32	0.53	-0.12	0.23	0.36	-0.19		0.27	PROF
MIG	0.55	0.37	-0.68	0.42	0.78	-0.52	0.27		MIG
	TPEIR	HTO	ELTON	ASCO	INTET	FOODL	PROF	MIG

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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

MIG	+ 0.78	INTET
INTET	+ 0.71	ASCO
ASCO	+ 0.62	TPEIR
INTET	+ 0.61	TPEIR
MIG	+ 0.55	TPEIR
PROF	+ 0.53	HTO

High negative correlations

INTET	- 0.81	ELTON
MIG	- 0.68	ELTON
MIG	- 0.52	FOODL
ELTON	- 0.49	HTO
ASCO	- 0.47	ELTON
FOODL	- 0.34	HTO

Risk-Adjusted Indicators

There is a big difference between Prodea Stock performing well and Prodea Real 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 Prodea Real'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
TPEIR	1.38	(0.09)	0.00	(0.15)	0.00	0.00	2.54	(2.54)	6.25
HTO	1.06	(0.02)	0.00	0.57	0.00	0.00	1.99	(2.60)	5.87
ELTON	1.20	0.12	0.03	0.42	1.27	(1.54)	2.79	(1.80)	10.26
ASCO	0.83	(0.06)	0.00	(2.07)	0.00	0.00	2.30	(1.51)	4.86
INTET	1.52	(0.30)	0.00	(0.55)	0.00	0.00	4.12	(4.17)	12.49
FOODL	2.24	0.38	0.03	(0.19)	2.66	(3.46)	5.71	(5.41)	16.67
PROF	1.02	0.00	(0.07)	0.14	1.23	(1.11)	2.29	(1.73)	7.60
MIG	1.58	(0.25)	0.00	(1.00)	0.00	0.00	2.71	(2.99)	10.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Prodea Real 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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Prodea Real Corporate Management

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

Aristotelis Karytinos	Ex CEO	Profile
Dimitrios Georgiopoulos	Technical Director	Profile
Thiresia Messari	COO, CFO	Profile
Athanasios Karagiannis	Chief DIrector	Profile
Christophoros Papachristophorou	Ex Directors	Profile
Anna Chalkiadaki	Deputy Officer	Profile

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