Sea Correlations

SE Stock

USD 122.83 1.70 1.40%

The current 90-days correlation between Sea and Carvana Co is 0.04 (i.e., Significant diversification). The correlation of Sea 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.

Sea Correlation With Market

Excellent diversification

The correlation between Sea and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sea and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sea Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sea. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade Sea Stock refer to our How to Trade Sea Stock guide.

Moving together with Sea Stock

0.74	GMHS	Gamehaus Holdings Class	Pair Corr
0.74	BET	NorthStar Gaming Holdings	Pair Corr
0.67	EAGR	East Side Games	Pair Corr
0.76	IPGGF	Imperium Group Global	Pair Corr

Moving against Sea Stock

0.86	WBD	Warner Bros Discovery	Pair Corr
0.84	EA	Electronic Arts Sell-off Trend	Pair Corr
0.4	002555	37 Interactive Enter	Pair Corr
0.38	PLY	Playside Studios	Pair Corr
0.77	SPG	Simon Property Group	Pair Corr
0.65	PHVS	Pharvaris BV	Pair Corr
0.63	CWBK	CommerceWest Bank	Pair Corr
0.57	IQV	IQVIA Holdings	Pair Corr
0.54	UBOH	United Bancshares	Pair Corr
0.49	SVKEF	Skandinaviska Enskilda Earnings Call This Week	Pair Corr
0.48	TORO	Toro	Pair Corr
0.84	AIZ	Assurant	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	CVNA	MELI	NKE	SBUX	CPNG	ABNB	ORLY	JD	RCL	MAR
CVNA		-0.33	0.24	0.58	-0.82	0.69	-0.49	-0.58	0.32	0.75	CVNA
MELI	-0.33		0.17	-0.12	0.51	0.03	0.0	0.75	0.2	-0.45	MELI
NKE	0.24	0.17		0.22	0.02	0.06	0.19	0.17	0.26	-0.04	NKE
SBUX	0.58	-0.12	0.22		-0.68	0.44	0.04	-0.34	0.27	0.61	SBUX
CPNG	-0.82	0.51	0.02	-0.68		-0.58	0.4	0.8	-0.11	-0.93	CPNG
ABNB	0.69	0.03	0.06	0.44	-0.58		-0.73	-0.14	0.66	0.52	ABNB
ORLY	-0.49	0.0	0.19	0.04	0.4	-0.73		0.18	-0.3	-0.35	ORLY
JD	-0.58	0.75	0.17	-0.34	0.8	-0.14	0.18		0.22	-0.79	JD
RCL	0.32	0.2	0.26	0.27	-0.11	0.66	-0.3	0.22		0.11	RCL
MAR	0.75	-0.45	-0.04	0.61	-0.93	0.52	-0.35	-0.79	0.11		MAR
	CVNA	MELI	NKE	SBUX	CPNG	ABNB	ORLY	JD	RCL	MAR

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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

JD	+ 0.8	CPNG
MAR	+ 0.75	CVNA
JD	+ 0.75	MELI
ABNB	+ 0.69	CVNA
RCL	+ 0.66	ABNB
MAR	+ 0.61	SBUX

High negative correlations

MAR	- 0.93	CPNG
CPNG	- 0.82	CVNA
MAR	- 0.79	JD
ORLY	- 0.73	ABNB
CPNG	- 0.68	SBUX
ABNB	- 0.58	CPNG

Risk-Adjusted Indicators

There is a big difference between Sea Stock performing well and Sea 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 Sea'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
CVNA	3.00	0.45	0.12	0.29	3.82	(3.10)	6.78	(6.31)	19.22
MELI	1.70	(0.07)	(0.01)	0.03	2.68	(1.66)	2.93	(3.55)	14.15
NKE	1.66	(0.12)	0.00	(0.05)	0.00	0.00	3.87	(3.07)	14.43
SBUX	1.44	0.19	0.08	(6.60)	1.44	(1.55)	3.35	(2.53)	8.04
CPNG	1.57	(0.74)	0.00	(0.88)	0.00	0.00	2.25	(5.07)	11.82
ABNB	1.11	0.08	0.01	0.54	1.69	(1.04)	2.66	(2.53)	8.82
ORLY	0.99	(0.05)	0.00	(0.09)	0.00	0.00	2.32	(2.35)	6.34
JD	1.19	(0.17)	0.00	(0.33)	0.00	0.00	2.89	(2.77)	7.60
RCL	2.07	(0.18)	0.00	(0.03)	0.00	0.00	4.60	(4.25)	13.13
MAR	1.25	0.25	0.19	0.29	1.02	(1.47)	3.48	(1.63)	8.46

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