NetEase Correlations

Stocks . Brazil . 
Stock . NetEase
NETE34 Stock  BRL 61.13  0.87  1.40%   
The current 90-days correlation between NetEase and Waste Management is 0.14 (i.e., Average diversification). The correlation of NetEase 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 Correlation With Market

Very good diversification

The correlation between NetEase and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NetEase and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to NetEase 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 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 - 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 to buy it.

Moving together with NetEase Stock

  0.68EAIN34 Electronic ArtsPairCorr
  0.87T1TW34 Take Two InteractivePairCorr
  0.61SNEC34 Sony GroupPairCorr

Moving against NetEase Stock

  0.8CPLE3 Companhia ParanaensePairCorr
  0.8SBSP3 Companhia de Saneamento SplitPairCorr
  0.79BBDC4 Banco Bradesco SAPairCorr
  0.61LUPA3 Lupatech SAPairCorr
  0.6B1SA34 Banco Santander ChilePairCorr
  0.57BPVE39 BPVE39 SplitPairCorr
  0.56M1UF34 Mitsubishi UFJ FinancialPairCorr
  0.45B1IL34 BilibiliPairCorr
  0.45TSMC34 Taiwan SemiconductorPairCorr
  0.44S1MF34 Sumitomo Mitsui FinancialPairCorr
  0.41BLPX39 BLPX39 SplitPairCorr
  0.37TMCO34 Toyota MotorPairCorr
  0.83MERC4 Mercantil do BrasilPairCorr
  0.81CAML3 Camil Alimentos SAPairCorr
  0.8PTNT4 Pettenati SA IndustriaPairCorr
  0.79PRNR3 Priner Servios IndusPairCorr
  0.69T1EC34 TechnipFMC plcPairCorr
  0.67BBSE3 BB Seguridade ParticPairCorr
  0.67W1DC34 Western DigitalPairCorr
  0.66MTRE3 Mitre Realty EmpreenPairCorr
  0.66MOSC34 MosaicPairCorr
  0.59BROF11 Brpr Corporate OfficesPairCorr
  0.56WEGE3 WEG SAPairCorr
  0.43T1CH34 Bio TechnePairCorr
  0.42BCPX39 Global X Funds SplitPairCorr
  0.39JALL3 Jalles Machado SAPairCorr
  0.34AGRO3 BrasilAgro CompanhiaPairCorr

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

TECN3
+ 0.76
L1HX34
B1NT34
+ 0.74
L1HX34
A1KA34
+ 0.64
W1MC34
CLOV34
+ 0.61
P2AX34
TECN3
+ 0.54
A1KA34
A1KA34
+ 0.53
L1HX34
  

High negative correlations

CLOV34
- 0.65
TECN3
CLOV34
- 0.64
L1HX34
CLOV34
- 0.46
B1NT34
CLOV34
- 0.3
A1KA34
TECN3
- 0.23
P2AX34
CLOV34
- 0.1
W1MC34

Risk-Adjusted Indicators

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

Elected by the shareholders, the NetEase's board of directors comprises two types of representatives: NetEase 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's management team and ensure that shareholders' interests are well served. NetEase'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's outside directors are responsible for providing unbiased perspectives on the board's policies.
Lei DingCEO FounderProfile
Feng ZhouVP OperationsProfile
Margaret ShiIR DirectorProfile
Zhaoxuan YangChief OfficerProfile
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