NetEase Correlations

NTES Stock

USD 115.44 0.18 0.16%

The current 90-days correlation between NetEase and Roblox Corp is 0.21 (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

Very good diversification

The correlation between NetEase and DJI is -0.47 (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.

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 housing.

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

Moving together with NetEase Stock

0.71	EA	Electronic Arts	Pair Corr
0.88	SE	Sea	Pair Corr
0.92	DOYU	DouYu International	Pair Corr
0.81	RCL	Readcloud	Pair Corr
0.86	ZN6	GAMES BOX SA	Pair Corr
0.95	4Y01	NETEASE INC ON	Pair Corr
0.79	AZRN	Azerion Group NV	Pair Corr
0.71	2EC	TEAM17 GROUP PLC	Pair Corr
0.81	GCL	GCL Global Holdings	Pair Corr
0.72	3K1	Kingsoft Limited	Pair Corr
0.75	6F6	Victory Square Techn	Pair Corr
0.66	11C	11 bit studios	Pair Corr
0.86	1BY	Boyaa Interactive	Pair Corr
0.62	6Y2	SCOUT GAMING GROUP	Pair Corr
0.83	1YS0	STILLFRONT GRP AB	Pair Corr
0.89	NACON	Nacon Sa	Pair Corr
0.68	NTO	Nintendo	Pair Corr
0.63	BET	NorthStar Gaming Holdings	Pair Corr
0.69	FDEV	Frontier Developments Plc	Pair Corr

Moving against NetEase Stock

0.86	2HG1	5TH PLANET GAMES	Pair Corr
0.69	GRVY	Gravity	Pair Corr
0.66	GD8A	Gravity Co	Pair Corr
0.57	GIGM	Giga Media	Pair Corr
0.39	6D1	PCF GROUP SA	Pair Corr
0.36	DKI	DarkIris Class A	Pair Corr
0.71	HUYA	HUYA Inc Downward Rally	Pair Corr
0.71	TBLD	Tinybuild	Pair Corr

Related Correlations Analysis

	RBLX	CDNS	SNOW	MSTR	NET	SNPS	DELL	INFY	TEL	GLW
RBLX		0.72	0.84	0.91	0.69	0.07	0.75	0.56	0.12	-0.75	RBLX
CDNS	0.72		0.69	0.81	0.69	0.59	0.56	0.57	0.44	-0.61	CDNS
SNOW	0.84	0.69		0.87	0.71	0.2	0.52	0.64	-0.04	-0.87	SNOW
MSTR	0.91	0.81	0.87		0.65	0.32	0.57	0.67	0.18	-0.81	MSTR
NET	0.69	0.69	0.71	0.65		0.14	0.66	0.42	0.25	-0.56	NET
SNPS	0.07	0.59	0.2	0.32	0.14		-0.14	0.53	0.44	-0.32	SNPS
DELL	0.75	0.56	0.52	0.57	0.66	-0.14		0.23	0.23	-0.37	DELL
INFY	0.56	0.57	0.64	0.67	0.42	0.53	0.23		-0.09	-0.84	INFY
TEL	0.12	0.44	-0.04	0.18	0.25	0.44	0.23	-0.09		0.19	TEL
GLW	-0.75	-0.61	-0.87	-0.81	-0.56	-0.32	-0.37	-0.84	0.19		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	+ 0.91	RBLX
MSTR	+ 0.87	SNOW
SNOW	+ 0.84	RBLX
MSTR	+ 0.81	CDNS
DELL	+ 0.75	RBLX
CDNS	+ 0.72	RBLX

High negative correlations

GLW	- 0.87	SNOW
GLW	- 0.84	INFY
GLW	- 0.81	MSTR
GLW	- 0.75	RBLX
GLW	- 0.61	CDNS
GLW	- 0.56	NET

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	2.80	(0.45)	0.00	(0.23)	0.00	0.00	7.46	(6.43)	23.70
CDNS	1.92	(0.18)	(0.04)	0.00	2.61	(2.06)	4.46	(5.34)	13.16
SNOW	2.61	(0.69)	0.00	(0.25)	0.00	0.00	4.53	(7.70)	16.12
MSTR	3.93	(0.60)	0.00	(0.11)	0.00	0.00	6.63	(7.76)	31.72
NET	2.61	(0.21)	0.00	(0.07)	0.00	0.00	5.77	(7.82)	19.40
SNPS	2.05	0.01	0.02	0.12	2.85	(1.96)	4.19	(5.09)	13.31
DELL	2.22	(0.16)	(0.01)	0.04	3.13	(2.19)	4.22	(5.45)	14.96
INFY	2.09	(0.33)	0.00	(0.17)	0.00	0.00	4.32	(5.12)	20.28
TEL	1.49	0.03	0.02	0.13	1.96	(1.58)	3.46	(3.29)	9.14
GLW	2.40	0.95	0.33	1.23	2.00	(2.86)	7.32	(3.02)	20.55

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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