Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) — Stock Correlations & Overview
Over the past year, SE has moved most closely with FMQQ, EMQQ, EBIZ. Explore the stocks most correlated and inversely correlated with SE below, along with its price, financials, and company profile.
Stocks correlated with SE
Correlation of daily returns. Higher positive values move with SE; negative values move opposite it. Informational only, not investment advice.
Most correlated with SE
| Symbol | Company | Correlation |
|---|---|---|
| FMQQ | FMQQ The Next Frontier Internet ETF | 0.57 |
| EMQQ | EMQQ The Emerging Markets Internet ETF | 0.53 |
| EBIZ | Global X E-commerce ETF | 0.52 |
| FDCF | Fidelity Disruptive Communications ETF | 0.48 |
| EWS | iShares MSCI Singapore ETF | 0.48 |
Most inversely correlated with SE
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.40 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.37 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.36 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.35 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.35 |
Frequently asked questions about SE correlations
- Which stocks are most correlated with SE?
- Based on one year of daily returns, the stocks most correlated with Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) are FMQQ (0.57), EMQQ (0.53) and EBIZ (0.52). 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 SE?
- Over the past year, the stocks most inversely correlated with Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) are WEBS (-0.40), FLYD (-0.37) and SARK (-0.36). 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 SE correlations calculated?
- We compute the correlation of daily returns between SE 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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