Sea Correlations

SE Stock

USD 106.63 13.42 11.18%

The current 90-days correlation between Sea and JD Inc Adr is 0.45 (i.e., Very weak diversification). The correlation of Sea 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.

Sea Correlation With Market

Poor diversification

The correlation between Sea and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sea and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sea. 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 information on how to trade Sea Stock refer to our How to Trade Sea Stock guide.

Moving together with Sea Stock

0.75	IQ	iQIYI Inc	Pair Corr
0.84	BATRA	Atlanta Braves Holdings,	Pair Corr
0.84	BATRK	Atlanta Braves Holdings,	Pair Corr
0.83	FOXA	Fox Corp Class	Pair Corr
0.81	FOX	Fox Corp Class	Pair Corr

Moving against Sea Stock

0.77	ADD	Color Star Technology	Pair Corr
0.66	TC	TuanChe ADR	Pair Corr
0.66	ANGHW	Anghami Warrants	Pair Corr
0.64	DRCT	Direct Digital Holdings	Pair Corr
0.6	WIMI	WiMi Hologram Cloud	Pair Corr
0.55	AMC	AMC Entertainment	Pair Corr
0.47	VSME	VS Media Holdings	Pair Corr
0.47	WLYB	John Wiley Sons	Pair Corr
0.4	CCO	Clear Channel Outdoor	Pair Corr
0.38	CHR	Cheer Holding	Pair Corr
0.32	ADV	Advantage Solutions	Pair Corr
0.78	HAO	Haoxi Health Technology	Pair Corr
0.7	LEE	Lee Enterprises	Pair Corr
0.64	EEX	Emerald Expositions	Pair Corr
0.64	LVO	LiveOne	Pair Corr
0.58	EVC	Entravision Communications	Pair Corr
0.55	NYT	New York Times	Pair Corr
0.53	GCI	Gannett	Pair Corr
0.44	CNK	Cinemark Holdings	Pair Corr
0.37	DUO	Fangdd Network Group	Pair Corr

Related Correlations Analysis

	GLBE	ETSY	PDD	JD	BABA	VIPS	JMIA	MELI	AMZN	FTCH
GLBE		0.9	-0.45	-0.43	-0.73	-0.62	0.97	-0.38	0.95	0.0	GLBE
ETSY	0.9		-0.47	-0.48	-0.68	-0.69	0.87	-0.32	0.87	0.0	ETSY
PDD	-0.45	-0.47		0.87	0.88	0.82	-0.52	0.87	-0.38	0.0	PDD
JD	-0.43	-0.48	0.87		0.8	0.89	-0.52	0.76	-0.31	0.0	JD
BABA	-0.73	-0.68	0.88	0.8		0.88	-0.8	0.84	-0.67	0.0	BABA
VIPS	-0.62	-0.69	0.82	0.89	0.88		-0.68	0.7	-0.55	0.0	VIPS
JMIA	0.97	0.87	-0.52	-0.52	-0.8	-0.68		-0.49	0.92	0.0	JMIA
MELI	-0.38	-0.32	0.87	0.76	0.84	0.7	-0.49		-0.27	0.0	MELI
AMZN	0.95	0.87	-0.38	-0.31	-0.67	-0.55	0.92	-0.27		0.0	AMZN
FTCH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FTCH
	GLBE	ETSY	PDD	JD	BABA	VIPS	JMIA	MELI	AMZN	FTCH

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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

JMIA	+ 0.97	GLBE
AMZN	+ 0.95	GLBE
AMZN	+ 0.92	JMIA
ETSY	+ 0.9	GLBE
VIPS	+ 0.89	JD
BABA	+ 0.88	PDD

High negative correlations

JMIA	- 0.8	BABA
BABA	- 0.73	GLBE
VIPS	- 0.69	ETSY
JMIA	- 0.68	VIPS
BABA	- 0.68	ETSY
AMZN	- 0.67	BABA

Risk-Adjusted Indicators

There is a big difference between Sea Stock performing well and Sea 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 Sea'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
GLBE	2.52	(0.55)	0.00	(0.44)	0.00	0.00	3.74	(8.39)	21.69
ETSY	2.08	(0.08)	0.00	(0.23)	0.00	0.00	4.27	(4.65)	15.08
PDD	2.47	0.36	0.11	0.19	3.20	(2.67)	5.57	(5.62)	17.18
JD	2.61	0.33	0.10	0.15	3.12	(2.69)	5.22	(4.67)	17.44
BABA	2.53	0.70	0.20	0.60	3.01	(2.83)	6.71	(4.39)	18.33
VIPS	2.32	0.25	0.11	0.15	2.33	(2.69)	5.76	(3.39)	11.07
JMIA	3.49	(0.72)	0.00	(0.50)	0.00	0.00	5.06	(6.99)	33.90
MELI	1.91	0.23	0.12	0.19	2.27	(2.10)	3.92	(4.75)	12.39
AMZN	1.59	(0.17)	0.00	(0.29)	0.00	0.00	2.24	(4.05)	12.57
FTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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