Pair Trades for NTES (NASDAQ) - NetEase Inc
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| TTWO nasdaq | 87.4% | -0.11 | Interactive Home Ent.. |
| BHAT nasdaq | 67.4% | -3.03 | Interactive Home Ent.. |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SKLZ nyse | -67.7% | -5.39 | Interactive Home Ent.. |
| BILI nasdaq | -61.3% | -3.46 | Interactive Home Ent.. |
| DOYU nasdaq | -52.6% | -3.33 | Interactive Home Ent.. |
| HUYA nyse | -23.2% | -0.29 | Interactive Home Ent.. |
| WBD nasdaq | -12.9% | -1.98 | Interactive Home Ent.. |
| RBLX nyse | -0.3% | -1.66 | Interactive Home Ent.. |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| DASH nasdaq | 90.9% | 2.28 | Internet & Direct Ma.. |
| DASH nyse | 90.9% | 2.48 | Internet & Direct Ma.. |
| META nasdaq | 90.9% | 1.28 | Interactive Media &.. |
| VIV nyse | 90.4% | 1.33 | Integrated Telecommu.. |
| YELP nyse | 89.5% | 1.55 | Interactive Media &.. |
| TTWO nasdaq | 87.4% | -0.11 | Interactive Home Ent.. |
| SPHR nyse | 85.0% | 2.29 | Movies & Entertainme.. |
| CMCSA nasdaq | 84.7% | -0.56 | Cable & Satellite |
| SPOT nyse | 84.4% | 0.68 | Movies & Entertainme.. |
| GOOG nasdaq | 84.3% | -0.31 | Interactive Media &.. |
| NFLX nasdaq | 84.3% | 0.91 | Movies & Entertainme.. |
| GOOGL nasdaq | 84.0% | -0.34 | Interactive Media &.. |
| TIMB nyse | 83.4% | 0.80 | Wireless Telecommuni.. |
| NYT nyse | 83.4% | 1.14 | Publishing |
| ROVR nasdaq | 80.6% | 5.28 | Restaurants |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| DISH nasdaq | -79.6% | -7.50 | Cable & Satellite |
| LUMN nyse | -78.9% | -6.21 | Alternative Carriers |
| AMC nyse | -71.1% | -19.43 | Movies & Entertainme.. |
| SSP nasdaq | -68.7% | -2.59 | Broadcasting |
| WLY nyse | -68.4% | -2.95 | Publishing |
| IHRT nasdaq | -68.3% | -0.36 | Broadcasting |
| WOW nyse | -67.9% | -7.27 | Cable & Satellite |
| SKLZ nyse | -67.7% | -5.39 | Interactive Home Ent.. |
| TU nyse | -66.7% | -1.96 | Integrated Telecommu.. |
| T nyse | -66.1% | -0.63 | Integrated Telecommu.. |
| ANGH nasdaq | -64.2% | 5.90 | Movies & Entertainme.. |
| TGNA nyse | -63.3% | -1.19 | Broadcasting |
| BILI nasdaq | -61.3% | -3.46 | Interactive Home Ent.. |
| AMCX nasdaq | -60.5% | 1.04 | Broadcasting |
| EVER nasdaq | -60.5% | -2.15 | Interactive Media &.. |
| FYBR nasdaq | -60.2% | 1.53 | Integrated Telecommu.. |
| PARA nasdaq | -59.8% | -2.16 | Broadcasting |
| ICLK nasdaq | -58.2% | 1.41 | Advertising |
| TV nyse | -57.9% | -7.26 | Cable & Satellite |
| GTN nyse | -56.8% | -0.67 | Broadcasting |
| LBTYA nasdaq | -56.5% | -1.60 | Alternative Carriers |
| ATUS nyse | -56.3% | -1.92 | Cable & Satellite |
| WB nasdaq | -55.8% | -3.00 | Interactive Media &.. |
| QNST nasdaq | -55.2% | 0.54 | Interactive Media &.. |
| FVRR nyse | -54.5% | -2.27 | Internet & Direct Ma.. |