Do possessive pronouns show ownership yes?

There are two types of pronouns that show ownership, possessive pronouns and possessive adjectives.

A possessive pronoun is a Word that takes the place of a noun that belongs to someone or something.
The possessive pronouns are: mine, yours, his, hers, its, ours, theirs.

A possessive adjective is a Word that is placed before a noun to describe that noun as belonging to someone or something.
The possessive adjectives are: my, your, his, her, their, its.

Examples:
The house on the corner is his. (possessive pronoun)
His house is on the corner. (possessive adjective)