NetEase, inc. (NTES) — Stock Correlations & Overview
Over the past year, NTES has moved most closely with MAGC, CWEB, PGJ. Explore the stocks most correlated and inversely correlated with NTES below, along with its price, financials, and company profile.
Stocks correlated with NTES
Correlation of daily returns. Higher positive values move with NTES; negative values move opposite it. Informational only, not investment advice.
Most correlated with NTES
| Symbol | Company | Correlation |
|---|---|---|
| MAGC | Roundhill China Magnificent Seven ETF | 0.62 |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | 0.60 |
| PGJ | Invesco Golden Dragon China ETF | 0.59 |
| KWEB | KraneShares CSI China Internet ETF | 0.59 |
| KTEC | KraneShares Hang Seng TECH Index ETF | 0.57 |
Most inversely correlated with NTES
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.54 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.52 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.51 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.33 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.29 |
Frequently asked questions about NTES correlations
- Which stocks are most correlated with NTES?
- Based on one year of daily returns, the stocks most correlated with NetEase, inc. (NTES) are MAGC (0.62), CWEB (0.60) and PGJ (0.59). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with NTES?
- Over the past year, the stocks most inversely correlated with NetEase, inc. (NTES) are YANG (-0.54), YXI (-0.52) and FXP (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these NTES correlations calculated?
- We compute the correlation of daily returns between NTES and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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