NetEase Correlations

NTES Stock

USD 138.04 0.23 0.17%

The current 90-days correlation between NetEase and Roblox Corp is 0.25 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

NetEase Correlation With Market

Modest diversification

The correlation between NetEase and DJI is 0.22 (i.e., Modest 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.

Build AI portfolio with NetEase Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetEase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

For more information on how to buy NetEase Stock please use our How to Invest in NetEase guide.

Moving together with NetEase Stock

0.9	GMHS	Gamehaus Holdings Class	Pair Corr
0.85	BET	NorthStar Gaming Holdings	Pair Corr
0.88	BRAG	Bragg Gaming Group	Pair Corr
0.88	BRAG	Bragg Gaming Group	Pair Corr
0.7	TTWO	Take Two Interactive	Pair Corr
0.81	EAGR	East Side Games	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.84	META	Meta Platforms	Pair Corr
0.61	AAUGF	Angold Resources Earnings Call This Week	Pair Corr

Moving against NetEase Stock

0.83	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.75	AAPL	Apple Inc	Pair Corr
0.66	BMYMP	Bristol Myers Squibb	Pair Corr
0.47	EA	Electronic Arts	Pair Corr
0.38	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.89	FTRS	Futuris Company	Pair Corr
0.84	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.77	FCBBF	FinecoBank Banca Fineco	Pair Corr
0.73	KSANF	Kansai Paint	Pair Corr
0.64	DNUT	Krispy Kreme	Pair Corr
0.5	SFRX	Seafarer Exploration	Pair Corr
0.41	AVGO	Broadcom Aggressive Push	Pair Corr
0.38	TORO	Toro	Pair Corr
0.32	EMBR	Embarr Downs	Pair Corr
0.91	QUILF	Quilter plc	Pair Corr
0.84	DRXGF	Drax Group plc	Pair Corr
0.8	OBIO	Orchestra BioMed Holdings	Pair Corr
0.74	MTC	MMTEC Inc Tech Boost	Pair Corr
0.72	BVFL	BV Financial, Common	Pair Corr
0.64	LFST	Lifestance Health	Pair Corr

Related Correlations Analysis

	RBLX	CDNS	SNOW	MSTR	NET	SNPS	DELL	INFY	TEL	GLW
RBLX		0.7	0.05	0.94	0.54	0.45	0.55	-0.71	-0.38	-0.26	RBLX
CDNS	0.7		-0.18	0.77	0.58	0.8	0.44	-0.37	-0.19	-0.04	CDNS
SNOW	0.05	-0.18		0.07	0.5	-0.52	0.49	-0.34	0.55	0.11	SNOW
MSTR	0.94	0.77	0.07		0.63	0.49	0.56	-0.73	-0.36	-0.25	MSTR
NET	0.54	0.58	0.5	0.63		0.16	0.7	-0.58	0.38	0.2	NET
SNPS	0.45	0.8	-0.52	0.49	0.16		0.24	0.04	-0.35	0.09	SNPS
DELL	0.55	0.44	0.49	0.56	0.7	0.24		-0.46	0.32	0.44	DELL
INFY	-0.71	-0.37	-0.34	-0.73	-0.58	0.04	-0.46		0.18	0.33	INFY
TEL	-0.38	-0.19	0.55	-0.36	0.38	-0.35	0.32	0.18		0.69	TEL
GLW	-0.26	-0.04	0.11	-0.25	0.2	0.09	0.44	0.33	0.69		GLW
	RBLX	CDNS	SNOW	MSTR	NET	SNPS	DELL	INFY	TEL	GLW

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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

MSTR	+ 0.94	RBLX
SNPS	+ 0.8	CDNS
MSTR	+ 0.77	CDNS
CDNS	+ 0.7	RBLX
DELL	+ 0.7	NET
GLW	+ 0.69	TEL

High negative correlations

INFY	- 0.73	MSTR
INFY	- 0.71	RBLX
INFY	- 0.58	NET
SNPS	- 0.52	SNOW
INFY	- 0.46	DELL
TEL	- 0.38	RBLX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RBLX	2.27	(0.75)	0.00	(1.03)	0.00	0.00	3.93	(5.82)	20.32
CDNS	1.26	(0.31)	0.00	(0.21)	0.00	0.00	2.05	(2.87)	9.36
SNOW	1.91	(0.08)	(0.02)	0.00	3.08	(1.77)	3.44	(4.23)	17.97
MSTR	3.42	(1.16)	0.00	(0.53)	0.00	0.00	5.62	(7.55)	15.68
NET	2.17	(0.23)	0.00	(0.09)	0.00	0.00	3.46	(3.95)	19.97
SNPS	1.89	(0.11)	0.00	(0.01)	0.00	0.00	3.89	(4.75)	13.47
DELL	2.46	(0.10)	0.00	(0.01)	0.00	0.00	5.58	(4.81)	17.49
INFY	1.46	0.17	0.09	0.29	1.51	(1.72)	3.54	(2.43)	5.97
TEL	1.22	0.04	0.03	0.08	2.37	(1.12)	2.20	(3.55)	9.90
GLW	1.82	0.08	0.04	0.10	2.72	(1.77)	3.39	(4.48)	12.43

NetEase Corporate Management

Ying Li	Head Reporting	Profile
Paul Boltz	General Counsel	Profile
Bill Pang	Vice Development	Profile
Feng Zhou	VP Operations	Profile

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