NetEase Correlations

NTES Stock

USD 151.86 0.99 0.65%

The current 90-days correlation between NetEase and Roblox Corp is 0.19 (i.e., Average 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 0.29 (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 commodities.

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

Moving together with NetEase Stock

0.89	002555	37 Interactive Enter	Pair Corr
0.78	300052	Shenzhen Zqgame	Pair Corr
0.89	TTWO	Take Two Interactive	Pair Corr
0.68	NDEKY	Nitto Denko Corp Earnings Call This Week	Pair Corr
0.65	DAIUF	Daifuku	Pair Corr
0.72	FUWAF	Furukawa Electric	Pair Corr
0.67	BDVB	Bagger Daves Burger	Pair Corr
0.77	RDNT	RadNet Inc	Pair Corr
0.86	NGL	NGL Energy Partners	Pair Corr
0.82	BRRLY	Barry Callebaut AG	Pair Corr
0.92	ASYS	Amtech Systems	Pair Corr
0.87	FLEX	Flex Earnings Call This Week	Pair Corr
0.61	RKLB	Rocket Lab USA	Pair Corr
0.76	AYI	Acuity Brands	Pair Corr
0.79	GLU	Gabelli Global Utility	Pair Corr

Moving against NetEase Stock

0.75	NAZARA	Nazara Technologies Split	Pair Corr
0.72	TRUG	Trugolf	Pair Corr
0.51	BRAG	Bragg Gaming Group	Pair Corr

Related Correlations Analysis

	RBLX	MSTR	DELL	CDNS	SNPS	FI	INFY	MSI	EA	TTWO
RBLX		-0.47	0.13	0.18	-0.58	-0.51	-0.32	0.33	0.39	0.57	RBLX
MSTR	-0.47		-0.33	0.08	0.71	0.7	0.23	-0.51	-0.68	-0.77	MSTR
DELL	0.13	-0.33		-0.26	-0.42	-0.64	-0.34	-0.18	0.77	0.54	DELL
CDNS	0.18	0.08	-0.26		0.25	-0.06	-0.27	0.39	-0.24	-0.18	CDNS
SNPS	-0.58	0.71	-0.42	0.25		0.62	0.04	-0.31	-0.67	-0.85	SNPS
FI	-0.51	0.7	-0.64	-0.06	0.62		0.61	-0.29	-0.76	-0.67	FI
INFY	-0.32	0.23	-0.34	-0.27	0.04	0.61		-0.17	-0.41	-0.14	INFY
MSI	0.33	-0.51	-0.18	0.39	-0.31	-0.29	-0.17		0.21	0.33	MSI
EA	0.39	-0.68	0.77	-0.24	-0.67	-0.76	-0.41	0.21		0.84	EA
TTWO	0.57	-0.77	0.54	-0.18	-0.85	-0.67	-0.14	0.33	0.84		TTWO
	RBLX	MSTR	DELL	CDNS	SNPS	FI	INFY	MSI	EA	TTWO

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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

TTWO	+ 0.84	EA
EA	+ 0.77	DELL
SNPS	+ 0.71	MSTR
FI	+ 0.7	MSTR
FI	+ 0.62	SNPS
INFY	+ 0.61	FI

High negative correlations

TTWO	- 0.85	SNPS
TTWO	- 0.77	MSTR
EA	- 0.76	FI
EA	- 0.68	MSTR
TTWO	- 0.67	FI
EA	- 0.67	SNPS

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	2.35	0.13	0.02	0.77	2.97	(2.50)	5.53	(3.45)	19.55
MSTR	2.59	(0.62)	0.00	(0.26)	0.00	0.00	5.62	(6.99)	14.87
DELL	2.09	0.19	0.07	0.26	2.50	(2.35)	4.51	(4.50)	14.28
CDNS	1.57	(0.03)	0.01	0.06	2.03	(1.63)	2.74	(2.63)	16.16
SNPS	2.59	(0.45)	0.00	(0.07)	0.00	0.00	4.08	(4.53)	43.12
FI	1.28	(0.45)	0.00	(0.62)	0.00	0.00	1.83	(2.60)	14.16
INFY	1.28	(0.15)	0.00	(0.05)	0.00	0.00	2.83	(2.81)	7.05
MSI	0.82	0.06	0.01	0.23	1.28	(0.82)	1.86	(1.83)	6.93
EA	1.31	0.41	0.26	2.42	0.89	(1.65)	4.50	(2.42)	15.18
TTWO	1.06	0.11	0.08	0.22	1.07	(1.27)	3.29	(1.80)	7.29

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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