NETEASE INC Correlations

Stocks . Germany . 
Stock . NETEASE INC ON
4Y01 Stock  EUR 19.80  0.10  0.50%   
The current 90-days correlation between NETEASE INC ON and Chocoladefabriken Lindt Sprngli is -0.03 (i.e., Good diversification). The correlation of NETEASE INC 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.

NETEASE INC Correlation With Market

Excellent diversification

The correlation between NETEASE INC ON and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NETEASE INC ON and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to NETEASE INC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NETEASE INC 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 NETEASE INC - 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 NETEASE INC ON to buy it.

Moving together with NETEASE Stock

  0.74MTO METTLER TOLEDO INTLPairCorr
  0.76MTO METTLER TOLEDO INTLPairCorr
  0.75MTO Mettler-Toledo InternationalPairCorr

Moving against NETEASE Stock

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Related Correlations Analysis


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

7LB
+ 0.89
S0V
S0V
+ 0.7
NVE
S0V
+ 0.58
WNI
7LB
+ 0.56
NVE
LSPP
+ 0.55
BRH
7LB
+ 0.53
WNI
  

High negative correlations

HHX
- 0.62
LSPP
7LB
- 0.6
BRH
S0V
- 0.46
BRH
HHX
- 0.35
BRH
WNI
- 0.32
BRH
WNI
- 0.19
LSPP

Risk-Adjusted Indicators

There is a big difference between NETEASE Stock performing well and NETEASE INC 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 NETEASE INC'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 NETEASE INC 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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NETEASE INC Corporate Management

Elected by the shareholders, the NETEASE INC's board of directors comprises two types of representatives: NETEASE INC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NETEASE. The board's role is to monitor NETEASE INC's management team and ensure that shareholders' interests are well served. NETEASE INC'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, NETEASE INC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ying LiHead ReportingProfile
Paul BoltzGeneral CounselProfile
Bill PangVice DevelopmentProfile
Yingfeng DingConsultantProfile
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