NetEase Correlations

NTES Stock

USD 128.28 0.70 0.55%

The current 90-days correlation between NetEase and Electronic Arts is 0.31 (i.e., Weak 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

Weak diversification

The correlation between NetEase and DJI is 0.3 (i.e., Weak 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 income.

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

Moving together with NetEase Stock

0.66	EA	Electronic Arts	Pair Corr
0.73	GCL	GCL Global Holdings	Pair Corr
0.64	GDC	GD Culture Group	Pair Corr
0.77	GDEV	GDEV Inc	Pair Corr
0.65	GMHS	Gamehaus Holdings Class	Pair Corr
0.68	GRVY	Gravity	Pair Corr
0.82	GXAI	Gaxosai	Pair Corr
0.79	MSGM	Motorsport Gaming	Pair Corr
0.97	RBLX	Roblox Corp	Pair Corr
0.93	SKLZ	Skillz Platform	Pair Corr
0.68	SNAL	Snail, Class A	Pair Corr
0.65	SOHU	SohuCom	Pair Corr
0.86	TTWO	Take Two Interactive	Pair Corr
0.79	T	ATT Inc	Pair Corr
0.73	Z	Zillow Group Class	Pair Corr
0.7	DJCO	Daily Journal Corp	Pair Corr
0.82	KT	KT Corporation	Pair Corr
0.82	SE	Sea	Pair Corr
0.81	TC	TuanChe ADR	Pair Corr
0.93	TU	Telus Corp	Pair Corr
0.9	TV	Grupo Televisa SAB	Pair Corr
0.95	WB	Weibo Corp	Pair Corr
0.73	ZG	Zillow Group	Pair Corr

Moving against NetEase Stock

0.81	TRUG	Trugolf	Pair Corr
0.67	GIGM	Giga Media	Pair Corr
0.66	GDEVW	Nexters Warrant	Pair Corr
0.61	BHAT	Blue Hat Interactive	Pair Corr
0.52	GMGI	Golden Matrix Group	Pair Corr
0.35	PLTK	Playtika Holding Corp	Pair Corr
0.91	WIMI	WiMi Hologram Cloud	Pair Corr
0.65	FLNT	Fluent Inc	Pair Corr
0.52	ANGHW	Anghami Warrants	Pair Corr

Related Correlations Analysis

	BILI	EA	TTWO	SOHU	BIDU	JD	TCEHY	PDD
BILI		0.72	0.85	0.79	0.37	-0.52	0.68	0.25	BILI
EA	0.72		0.81	0.67	0.52	-0.29	0.65	0.47	EA
TTWO	0.85	0.81		0.71	0.53	-0.52	0.8	0.42	TTWO
SOHU	0.79	0.67	0.71		0.37	-0.57	0.44	0.33	SOHU
BIDU	0.37	0.52	0.53	0.37		-0.01	0.49	0.66	BIDU
JD	-0.52	-0.29	-0.52	-0.57	-0.01		-0.34	-0.01	JD
TCEHY	0.68	0.65	0.8	0.44	0.49	-0.34		0.61	TCEHY
PDD	0.25	0.47	0.42	0.33	0.66	-0.01	0.61		PDD
	BILI	EA	TTWO	SOHU	BIDU	JD	TCEHY	PDD

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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	+ 0.85	BILI
TTWO	+ 0.81	EA
TCEHY	+ 0.8	TTWO
SOHU	+ 0.79	BILI
EA	+ 0.72	BILI
SOHU	+ 0.71	TTWO

High negative correlations

JD	- 0.57	SOHU
JD	- 0.52	TTWO
JD	- 0.52	BILI
TCEHY	- 0.34	JD
JD	- 0.29	EA
PDD	- 0.01	JD

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
BILI	2.28	0.29	0.11	0.53	2.01	(2.49)	6.72	(3.83)	12.55
EA	1.16	0.06	(0.06)	0.38	1.12	(1.20)	2.56	(2.52)	6.88
TTWO	1.33	0.11	0.01	0.40	1.89	(1.43)	3.64	(2.85)	12.72
SOHU	2.48	0.52	0.04	(0.87)	3.64	(2.46)	5.31	(5.51)	16.05
BIDU	1.52	(0.04)	(0.05)	0.18	1.78	(1.62)	3.98	(3.58)	10.39
JD	1.76	(0.29)	0.00	(0.15)	0.00	0.00	4.83	(3.36)	11.87
TCEHY	1.01	0.15	(0.04)	1.22	0.91	(1.20)	2.42	(2.19)	6.84
PDD	1.69	(0.01)	(0.04)	0.22	3.11	(1.80)	4.67	(4.95)	19.77

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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