NetEase Correlations

NETE34 Stock

BRL 74.25 1.63 2.20%

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.

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

0.66	AMZO34	Amazon Inc	Pair Corr
0.74	SBUB34	Starbucks	Pair Corr
0.69	LVTC3	Livetech da Bahia	Pair Corr
0.61	BMKS3	Bicicletas Monark	Pair Corr
0.68	PLPL3	Plano Plano Desenvol	Pair Corr
0.68	PSSA3	Porto Seguro SA	Pair Corr
0.66	CSED3	Cruzeiro do Sul	Pair Corr
0.79	L1HX34	L3Harris Technologies, Earnings Call This Week	Pair Corr
0.69	MUTC34	Micron Technology	Pair Corr
0.67	A1PA34	APA Corporation	Pair Corr
0.61	Z2IT34	ZoomInfo Technologies	Pair Corr
0.63	O2NS34	ON Semiconductor	Pair Corr

Moving against NetEase Stock

0.65	TMCO34	Toyota Motor	Pair Corr
0.44	K1RC34	The Kroger	Pair Corr
0.39	RANI3	Irani Papel e	Pair Corr
0.33	WALM34	Walmart	Pair Corr
0.33	JDCO34	JD Inc	Pair Corr

Related Correlations Analysis

	S1PO34	W1MC34	M1LC34	CTSH34	P2EN34	J1BH34	B1RF34
S1PO34		-0.41	0.8	0.41	-0.62	-0.79	0.73	S1PO34
W1MC34	-0.41		-0.46	0.07	0.08	0.24	-0.71	W1MC34
M1LC34	0.8	-0.46		0.51	-0.7	-0.83	0.64	M1LC34
CTSH34	0.41	0.07	0.51		-0.85	-0.33	-0.01	CTSH34
P2EN34	-0.62	0.08	-0.7	-0.85		0.56	-0.22	P2EN34
J1BH34	-0.79	0.24	-0.83	-0.33	0.56		-0.65	J1BH34
B1RF34	0.73	-0.71	0.64	-0.01	-0.22	-0.65		B1RF34
	S1PO34	W1MC34	M1LC34	CTSH34	P2EN34	J1BH34	B1RF34

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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

M1LC34	+ 0.8	S1PO34
B1RF34	+ 0.73	S1PO34
B1RF34	+ 0.64	M1LC34
J1BH34	+ 0.56	P2EN34
CTSH34	+ 0.51	M1LC34
CTSH34	+ 0.41	S1PO34

High negative correlations

P2EN34	- 0.85	CTSH34
J1BH34	- 0.83	M1LC34
J1BH34	- 0.79	S1PO34
B1RF34	- 0.71	W1MC34
P2EN34	- 0.7	M1LC34
B1RF34	- 0.65	J1BH34

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
S1PO34	2.23	0.27	0.07	1.24	2.12	(2.67)	4.63	(3.96)	11.25
W1MC34	1.06	(0.10)	0.00	(1.89)	0.00	0.00	2.06	(2.17)	7.85
M1LC34	0.92	0.41	0.00	11.49	0.00	0.00	0.62	0.00	22.48
CTSH34	0.42	0.00	(0.04)	0.00	0.84	(1.79)	0.26	(1.06)	14.60
P2EN34	0.90	(0.29)	0.00	(1.21)	0.00	0.00	1.04	0.00	26.04
J1BH34	0.59	(0.31)	0.00	5.49	0.00	0.00	0.00	(0.34)	19.06
B1RF34	0.06	0.02	0.00	5.27	0.00	0.00	0.00	0.00	1.84

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

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