NetEase Inc Correlations

NETTF Stock

USD 26.75 0.00 0.00%

The current 90-days correlation between NetEase Inc and Nintendo Co is -0.08 (i.e., Good 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

Average diversification

The correlation between NetEase and DJI is 0.12 (i.e., Average 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

0.75	NTES	NetEase	Pair Corr
0.77	RBLX	Roblox Corp	Pair Corr
0.67	TTWO	Take Two Interactive	Pair Corr
0.67	BILI	Bilibili	Pair Corr
0.65	CHHE	China Health Industries	Pair Corr

Moving against NetEase Inc Pink Sheet

0.83	IRNRF	Iron Road Limited	Pair Corr
0.81	RLMD	Relmada Therapeutics	Pair Corr
0.69	NEXOY	Nexon Co	Pair Corr
0.68	GSTX	Graphene Solar Techn	Pair Corr
0.66	NEXOF	NEXON Co	Pair Corr
0.8	APGE	Apogee Therapeutics,	Pair Corr
0.78	REGN	Regeneron Pharmaceuticals	Pair Corr
0.74	SHIP	Seanergy Maritime	Pair Corr
0.73	DNLMY	Dunelm Group PLC	Pair Corr
0.67	HL	Hecla Mining	Pair Corr
0.65	AAL	American Airlines	Pair Corr
0.56	DDS	Dillards,	Pair Corr
0.56	68233JBP8	US68233JBP84	Pair Corr
0.5	STAG	STAG Industrial	Pair Corr
0.75	CHACR	Crane Harbor Acquisition	Pair Corr
0.74	KYOCF	Kyocera	Pair Corr
0.71	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.65	PHAR	Pharming Group NV	Pair Corr
0.59	BAC	Bank of America	Pair Corr
0.42	ADC	Agree Realty	Pair Corr
0.33	EFTR	Effector Therapeutics	Pair Corr

Related Correlations Analysis

	NTDOF	NTDOY	VEMLY	KYCCF	TOELY	HNHPF	ADTTF	NEXOF	NEXOY	ATEYY
NTDOF		0.99	-0.22	0.24	-0.05	0.51	-0.22	-0.64	-0.53	-0.16	NTDOF
NTDOY	0.99		-0.23	0.22	-0.02	0.53	-0.21	-0.62	-0.51	-0.12	NTDOY
VEMLY	-0.22	-0.23		-0.49	0.49	0.09	0.59	0.36	0.35	0.55	VEMLY
KYCCF	0.24	0.22	-0.49		-0.19	0.32	-0.32	-0.7	-0.78	-0.28	KYCCF
TOELY	-0.05	-0.02	0.49	-0.19		0.56	0.71	0.06	0.13	0.87	TOELY
HNHPF	0.51	0.53	0.09	0.32	0.56		0.25	-0.52	-0.45	0.44	HNHPF
ADTTF	-0.22	-0.21	0.59	-0.32	0.71	0.25		0.07	0.13	0.78	ADTTF
NEXOF	-0.64	-0.62	0.36	-0.7	0.06	-0.52	0.07		0.91	0.17	NEXOF
NEXOY	-0.53	-0.51	0.35	-0.78	0.13	-0.45	0.13	0.91		0.2	NEXOY
ATEYY	-0.16	-0.12	0.55	-0.28	0.87	0.44	0.78	0.17	0.2		ATEYY
	NTDOF	NTDOY	VEMLY	KYCCF	TOELY	HNHPF	ADTTF	NEXOF	NEXOY	ATEYY

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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

NTDOY	+ 0.99	NTDOF
NEXOY	+ 0.91	NEXOF
ATEYY	+ 0.87	TOELY
ATEYY	+ 0.78	ADTTF
ADTTF	+ 0.71	TOELY
ADTTF	+ 0.59	VEMLY

High negative correlations

NEXOY	- 0.78	KYCCF
NEXOF	- 0.7	KYCCF
NEXOF	- 0.64	NTDOF
NEXOF	- 0.62	NTDOY
NEXOY	- 0.53	NTDOF
NEXOF	- 0.52	HNHPF

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
NTDOF	1.67	(0.42)	0.00	(0.70)	0.00	0.00	2.83	(4.75)	10.29
NTDOY	1.54	(0.44)	0.00	(0.40)	0.00	0.00	2.91	(3.12)	7.87
VEMLY	1.64	0.14	0.01	(0.36)	2.29	(2.83)	6.26	(4.95)	17.43
KYCCF	1.88	(0.11)	0.00	(0.04)	0.00	0.00	3.76	(3.77)	10.47
TOELY	2.26	0.19	0.07	0.17	3.29	(2.18)	4.92	(4.83)	15.95
HNHPF	2.12	(0.12)	(0.03)	(0.01)	2.43	(2.33)	4.23	(4.45)	11.29
ADTTF	2.98	1.05	0.18	(0.49)	1.88	(11.87)	6.31	(4.21)	58.55
NEXOF	1.60	0.47	0.00	3.46	0.00	0.00	8.16	0.00	28.69
NEXOY	1.75	0.05	0.02	0.13	1.74	(2.19)	4.35	(3.05)	11.46
ATEYY	2.94	0.23	0.08	0.18	3.30	(3.05)	6.00	(5.43)	24.31

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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