NetEase Correlations

NETTF Stock

USD 25.13 2.66 9.57%

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

NetEase Correlation With Market

Modest diversification

The correlation between NetEase and DJI is 0.21 (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.

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 Pink Sheet

0.91	NTES	NetEase	Pair Corr
0.87	RBLX	Roblox Corp	Pair Corr
0.69	NTDOF	Nintendo	Pair Corr
0.68	NTDOY	Nintendo Co ADR	Pair Corr
0.79	TTWO	Take Two Interactive	Pair Corr
0.89	NEXOY	Nexon Co	Pair Corr
0.86	NEXOF	NEXON	Pair Corr
0.71	GM	General Motors Earnings Call This Week	Pair Corr
0.66	USB-PP	US Bancorp	Pair Corr
0.75	BA-PA	Boeing	Pair Corr
0.86	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.65	NXTT	Next Technology Holding	Pair Corr
0.81	SWKHL	SWK Holdings	Pair Corr
0.61	BFST	Business First Bancshares	Pair Corr
0.75	CHEOY	CochLear ADR	Pair Corr
0.81	BLK	BlackRock	Pair Corr
0.78	BVN	Compania de Minas Earnings Call This Week	Pair Corr
0.79	IRM	Iron Mountain	Pair Corr
0.87	MSFT	Microsoft	Pair Corr
0.85	YLLXF	Yellow Cake plc	Pair Corr
0.77	NEE-PT	NextEra Energy, Earnings Call This Week	Pair Corr
0.74	SPGI	SP Global	Pair Corr
0.72	TDG	Transdigm Group	Pair Corr
0.84	VMI	Valmont Industries Earnings Call This Week	Pair Corr
0.63	IGI	Western Asset Investment	Pair Corr

Moving against NetEase Pink Sheet

0.79	HDVTY	Henderson Investment	Pair Corr
0.66	ORGN	Origin Materials	Pair Corr
0.59	582839AG1	MEAD JOHNSON NUTRITION	Pair Corr
0.58	AMCCF	Amcor plc	Pair Corr
0.53	MRMD	Marimed	Pair Corr
0.46	BLBLF	Bilibili	Pair Corr
0.62	92346MCY5	US92346MCY57	Pair Corr

Related Correlations Analysis

	NTDOY	TTWO	RBLX	NPPXF	PSTVY	SHECF	ABLZF	NEXOY
NTDOY		0.82	0.74	0.24	0.73	0.54	0.67	0.72	NTDOY
TTWO	0.82		0.8	0.3	0.71	0.61	0.73	0.8	TTWO
RBLX	0.74	0.8		0.32	0.85	0.6	0.9	0.88	RBLX
NPPXF	0.24	0.3	0.32		0.21	0.48	0.37	0.42	NPPXF
PSTVY	0.73	0.71	0.85	0.21		0.4	0.75	0.69	PSTVY
SHECF	0.54	0.61	0.6	0.48	0.4		0.71	0.58	SHECF
ABLZF	0.67	0.73	0.9	0.37	0.75	0.71		0.83	ABLZF
NEXOY	0.72	0.8	0.88	0.42	0.69	0.58	0.83		NEXOY
	NTDOY	TTWO	RBLX	NPPXF	PSTVY	SHECF	ABLZF	NEXOY

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Risk-Adjusted Indicators

There is a big difference between NetEase Pink Sheet 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
NTDOY	1.80	0.24	0.09	0.65	1.69	(2.29)	4.10	(3.73)	11.08
TTWO	1.25	0.07	0.00	0.28	1.95	(1.25)	2.89	(2.85)	11.07
RBLX	1.64	1.14	0.59	2.44	0.74	(2.18)	4.80	(2.48)	11.70
NPPXF	5.55	(0.13)	0.00	0.06	6.75	(6.43)	11.58	(10.89)	36.80
PSTVY	1.19	0.29	0.04	(0.69)	1.27	(3.27)	4.09	(2.64)	12.21
SHECF	4.71	0.63	0.08	(3.23)	5.61	(4.91)	10.71	(10.39)	26.41
ABLZF	2.08	0.44	0.11	(0.70)	2.01	(2.38)	4.51	(3.71)	9.70
NEXOY	2.04	0.24	0.08	0.50	2.03	(2.29)	3.57	(3.95)	18.98

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

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

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