NetEase Correlations

NTES Stock

USD 93.34 2.11 2.21%

The current 90-days correlation between NetEase and Roblox Corp is -0.21 (i.e., Very good 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

Good diversification

The correlation between NetEase and DJI is -0.17 (i.e., Good 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.

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 income.

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

Moving against NetEase Stock

0.48	GMGI	Golden Matrix Group	Pair Corr
0.34	DDI	Doubledown Interactive	Pair Corr
0.33	CURIW	CuriosityStream	Pair Corr
0.71	BATRA	Atlanta Braves Holdings,	Pair Corr
0.65	BATRK	Atlanta Braves Holdings,	Pair Corr
0.5	DRCT	Direct Digital Holdings	Pair Corr
0.42	ZI	ZoomInfo Technologies	Pair Corr
0.37	VSME	VS Media Holdings	Pair Corr

Related Correlations Analysis

	RBLX	SKLZ	ATVI	TTWO	NTDOY	PLTK	EA	DDI	SCPL	GRVY
RBLX		-0.53	0.8	0.82	0.69	0.6	0.78	-0.42	0.52	0.66	RBLX
SKLZ	-0.53		-0.37	-0.52	-0.3	-0.19	-0.47	0.06	-0.37	-0.4	SKLZ
ATVI	0.8	-0.37		0.7	0.75	0.39	0.6	-0.72	0.47	0.53	ATVI
TTWO	0.82	-0.52	0.7		0.58	0.77	0.96	-0.25	0.73	0.84	TTWO
NTDOY	0.69	-0.3	0.75	0.58		0.27	0.48	-0.69	0.31	0.4	NTDOY
PLTK	0.6	-0.19	0.39	0.77	0.27		0.85	0.12	0.52	0.66	PLTK
EA	0.78	-0.47	0.6	0.96	0.48	0.85		-0.11	0.72	0.83	EA
DDI	-0.42	0.06	-0.72	-0.25	-0.69	0.12	-0.11		-0.09	-0.09	DDI
SCPL	0.52	-0.37	0.47	0.73	0.31	0.52	0.72	-0.09		0.85	SCPL
GRVY	0.66	-0.4	0.53	0.84	0.4	0.66	0.83	-0.09	0.85		GRVY
	RBLX	SKLZ	ATVI	TTWO	NTDOY	PLTK	EA	DDI	SCPL	GRVY

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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

EA	+ 0.96	TTWO
EA	+ 0.85	PLTK
GRVY	+ 0.85	SCPL
GRVY	+ 0.84	TTWO
GRVY	+ 0.83	EA
TTWO	+ 0.82	RBLX

High negative correlations

DDI	- 0.72	ATVI
DDI	- 0.69	NTDOY
SKLZ	- 0.53	RBLX
TTWO	- 0.52	SKLZ
EA	- 0.47	SKLZ
DDI	- 0.42	RBLX

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	2.07	0.48	0.19	(2.26)	1.81	(2.58)	4.12	(3.79)	24.10
SKLZ	1.89	(0.25)	0.00	(0.46)	0.00	0.00	4.28	(3.63)	15.25
ATVI	1.03	0.13	0.03	52.97	2.02	(1.08)	1.89	(1.16)	12.20
TTWO	0.92	0.28	0.19	0.77	0.94	(1.00)	2.73	(2.13)	9.73
NTDOY	1.17	0.18	0.09	(1.40)	1.19	(1.28)	3.56	(2.22)	8.80
PLTK	1.21	(0.07)	0.00	(0.02)	0.00	0.00	1.99	(2.65)	11.03
EA	0.92	0.07	0.02	0.37	1.17	(0.89)	1.64	(1.68)	5.48
DDI	2.78	(0.27)	0.00	(0.19)	0.00	0.00	6.38	(5.28)	22.06
SCPL	1.25	0.29	0.11	(0.21)	1.22	(1.78)	1.73	(2.08)	27.64
GRVY	1.73	0.12	0.05	0.27	1.73	(2.06)	4.22	(2.94)	16.19

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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