Sea Correlations

SE Stock

USD 153.40 2.29 1.47%

The current 90-days correlation between Sea and PDD Holdings is 0.4 (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 0.7 (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.

Build AI portfolio with Sea Stock

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

0.83	CURIW	CuriosityStream	Pair Corr
0.64	TC	TuanChe ADR	Pair Corr
0.75	TV	Grupo Televisa SAB	Pair Corr
0.67	DLPN	Dolphin Entertainment	Pair Corr
0.62	BATRA	Atlanta Braves Holdings,	Pair Corr
0.75	BATRK	Atlanta Braves Holdings, Buyout Trend	Pair Corr
0.62	AMC	AMC Entertainment	Pair Corr
0.63	CCO	Clear Channel Outdoor	Pair Corr
0.83	CNK	Cinemark Holdings	Pair Corr
0.71	FOXA	Fox Corp Class	Pair Corr
0.9	DIS	Walt Disney	Pair Corr
0.9	EEX	Emerald Expositions	Pair Corr
0.67	FOX	Fox Corp Class	Pair Corr
0.73	GCI	Gannett	Pair Corr
0.68	LVO	LiveOne	Pair Corr
0.88	LYV	Live Nation Entertainment	Pair Corr
0.74	MCS	Marcus	Pair Corr
0.86	NWS	News Corp B	Pair Corr
0.95	NYT	New York Times	Pair Corr
0.74	OCG	Oriental Culture Holding Upward Rally	Pair Corr

Moving against Sea Stock

0.67	WIMI	WiMi Hologram Cloud	Pair Corr
0.53	FLNT	Fluent Inc	Pair Corr
0.4	ANGHW	Anghami Warrants	Pair Corr
0.32	DRCT	Direct Digital Holdings	Pair Corr
0.76	LEE	Lee Enterprises	Pair Corr
0.5	DUO	Fangdd Network Group	Pair Corr
0.32	OMC	Omnicom Group	Pair Corr
0.31	HHS	Harte Hanks	Pair Corr

Related Correlations Analysis

	GLBE	ETSY	PDD	JD	BABA	VIPS	JMIA	MELI	AMZN	FTCH
GLBE		-0.2	0.53	0.48	0.65	0.37	-0.01	-0.09	0.09	0.0	GLBE
ETSY	-0.2		-0.22	-0.34	-0.07	0.31	0.71	0.55	0.73	0.0	ETSY
PDD	0.53	-0.22		0.66	0.91	0.79	0.07	0.0	0.25	0.0	PDD
JD	0.48	-0.34	0.66		0.68	0.49	-0.41	-0.56	-0.12	0.0	JD
BABA	0.65	-0.07	0.91	0.68		0.81	0.14	0.03	0.28	0.0	BABA
VIPS	0.37	0.31	0.79	0.49	0.81		0.42	0.24	0.66	0.0	VIPS
JMIA	-0.01	0.71	0.07	-0.41	0.14	0.42		0.92	0.88	0.0	JMIA
MELI	-0.09	0.55	0.0	-0.56	0.03	0.24	0.92		0.72	0.0	MELI
AMZN	0.09	0.73	0.25	-0.12	0.28	0.66	0.88	0.72		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

MELI	+ 0.92	JMIA
BABA	+ 0.91	PDD
AMZN	+ 0.88	JMIA
VIPS	+ 0.81	BABA
VIPS	+ 0.79	PDD
AMZN	+ 0.73	ETSY

High negative correlations

MELI	- 0.56	JD
JMIA	- 0.41	JD
JD	- 0.34	ETSY
PDD	- 0.22	ETSY
ETSY	- 0.2	GLBE
AMZN	- 0.12	JD

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	2.74	(0.18)	0.00	(0.06)	0.00	0.00	4.52	(5.18)	40.17
ETSY	2.13	0.35	0.10	0.37	2.74	(1.95)	4.45	(5.57)	13.69
PDD	2.14	(0.32)	0.00	(0.41)	0.00	0.00	4.22	(6.03)	19.77
JD	1.97	(0.49)	0.00	(0.53)	0.00	0.00	4.83	(4.13)	11.87
BABA	2.09	(0.33)	0.00	(0.31)	0.00	0.00	5.21	(6.23)	13.36
VIPS	1.81	(0.18)	0.00	(0.21)	0.00	0.00	4.49	(4.86)	14.19
JMIA	4.15	0.55	0.13	0.29	4.20	(4.75)	12.37	(6.42)	26.85
MELI	1.83	0.28	0.11	0.35	2.18	(1.83)	3.50	(3.85)	12.31
AMZN	1.91	0.12	0.05	0.11	2.42	(2.08)	3.59	(4.15)	17.15
FTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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