NetEase Inc Correlations

NETTF Stock

USD 18.99 0.17 0.89%

The current 90-days correlation between NetEase Inc and Electronic Arts is 0.1 (i.e., Average 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

Good diversification

The correlation between NetEase and DJI is -0.1 (i.e., 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 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 to buy it.

Moving together with NetEase Inc Pink Sheet

0.85	NTES	NetEase	Pair Corr
0.78	TSLA	Tesla Inc	Pair Corr
0.63	BTI	British American Tobacco Earnings Call This Week	Pair Corr
0.7	VSTS	Vestis Earnings Call This Week	Pair Corr
0.78	ADTN	ADTRAN Inc Buyout Trend	Pair Corr
0.63	INVZ	Innoviz Technologies	Pair Corr
0.76	ELA	Envela Corp	Pair Corr
0.7	OB	Outbrain	Pair Corr
0.62	AHG	Akso Health Group	Pair Corr

Moving against NetEase Inc Pink Sheet

0.73	NEXOF	NEXON Co Earnings Call This Week	Pair Corr
0.7	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.56	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.55	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.42	BLBLF	Bilibili	Pair Corr
0.42	KEP	Korea Electric Power	Pair Corr
0.38	NEXOY	Nexon Co Earnings Call This Week	Pair Corr
0.46	TLK	Telkom Indonesia Tbk	Pair Corr
0.31	HYMTF	Hyundai Motor	Pair Corr

Related Correlations Analysis

	BILI	EA	TTWO	SOHU	ATVI	NTES	RBLX	SKLZ
BILI		0.54	-0.44	0.74	0.0	-0.44	-0.56	-0.38	BILI
EA	0.54		-0.04	0.23	0.0	-0.23	-0.83	-0.59	EA
TTWO	-0.44	-0.04		-0.29	0.0	0.33	0.34	0.13	TTWO
SOHU	0.74	0.23	-0.29		0.0	-0.15	-0.14	-0.16	SOHU
ATVI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ATVI
NTES	-0.44	-0.23	0.33	-0.15	0.0		0.4	0.15	NTES
RBLX	-0.56	-0.83	0.34	-0.14	0.0	0.4		0.46	RBLX
SKLZ	-0.38	-0.59	0.13	-0.16	0.0	0.15	0.46		SKLZ
	BILI	EA	TTWO	SOHU	ATVI	NTES	RBLX	SKLZ

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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

SOHU	+ 0.74	BILI
EA	+ 0.54	BILI
SKLZ	+ 0.46	RBLX
RBLX	+ 0.4	NTES
RBLX	+ 0.34	TTWO
NTES	+ 0.33	TTWO

High negative correlations

RBLX	- 0.83	EA
SKLZ	- 0.59	EA
RBLX	- 0.56	BILI
NTES	- 0.44	BILI
TTWO	- 0.44	BILI
SKLZ	- 0.38	BILI

Risk-Adjusted Indicators

There is a big difference between NetEase Inc Pink Sheet 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BILI	3.07	(0.32)	0.00	(0.45)	0.00	0.00	4.58	(6.38)	32.85
EA	1.21	(0.39)	0.00	(4.57)	0.00	0.00	1.58	(2.32)	18.88
TTWO	1.13	0.23	0.12	0.79	1.17	(1.24)	2.75	(2.19)	11.36
SOHU	1.70	(0.20)	0.00	(0.17)	0.00	0.00	3.04	(2.90)	10.94
ATVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTES	1.84	0.43	0.17	1.28	1.79	(2.09)	3.95	(2.93)	15.03
RBLX	1.71	0.56	0.24	(95.44)	1.55	(2.03)	4.05	(3.79)	12.08
SKLZ	3.08	0.33	0.08	0.93	3.17	(3.66)	6.69	(5.50)	21.24

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

Lei Ding	CEO Founder	Profile
Feng Zhou	VP Operations	Profile
Margaret Shi	IR Director	Profile
Zhaoxuan Yang	Chief Officer	Profile

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