Sea Correlations

931 Stock

EUR 114.40 6.20 5.14%

The current 90-days correlation between Sea Limited and Uber Technologies is 0.1 (i.e., Average 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

Weak diversification

The correlation between Sea Limited and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sea Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sea when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sea - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sea Limited to buy it.

Moving together with Sea Stock

0.88	NTO	Nintendo	Pair Corr
0.88	NTOA	Nintendo	Pair Corr
0.79	TKE	Take Two Interactive	Pair Corr
0.65	71BA	Bilibili	Pair Corr
0.75	WY8	Universal Health Realty	Pair Corr
0.78	DBPE	Xtrackers LevDAX	Pair Corr
0.89	E908	Lyxor 1	Pair Corr

Moving against Sea Stock

0.84	DBPD	Xtrackers ShortDAX	Pair Corr
0.59	ERT	Electronic Arts	Pair Corr
0.52	7NX	NEXON Co	Pair Corr
0.52	MSF	Microsoft	Pair Corr
0.51	MSF	Microsoft	Pair Corr
0.51	MSF	Microsoft	Pair Corr
0.5	MSF	Microsoft	Pair Corr
0.49	7NX	NEXON	Pair Corr

Related Correlations Analysis

	MTE	UT8	AVT	CAC1	TTG	ESY	KDIC
MTE		0.01	-0.28	-0.27	0.4	-0.23	-0.35	MTE
UT8	0.01		0.5	0.09	-0.1	0.17	0.66	UT8
AVT	-0.28	0.5		-0.07	-0.57	-0.05	0.8	AVT
CAC1	-0.27	0.09	-0.07		0.33	-0.11	-0.02	CAC1
TTG	0.4	-0.1	-0.57	0.33		-0.26	-0.61	TTG
ESY	-0.23	0.17	-0.05	-0.11	-0.26		0.1	ESY
KDIC	-0.35	0.66	0.8	-0.02	-0.61	0.1		KDIC
	MTE	UT8	AVT	CAC1	TTG	ESY	KDIC

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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

KDIC	+ 0.8	AVT
KDIC	+ 0.66	UT8
AVT	+ 0.5	UT8
TTG	+ 0.4	MTE
TTG	+ 0.33	CAC1
ESY	+ 0.17	UT8

High negative correlations

KDIC	- 0.61	TTG
TTG	- 0.57	AVT
KDIC	- 0.35	MTE
AVT	- 0.28	MTE
CAC1	- 0.27	MTE
ESY	- 0.26	TTG

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
MTE	2.98	0.06	0.04	(0.20)	4.34	(3.27)	7.20	(4.55)	23.07
UT8	1.91	0.22	0.11	5.76	2.51	(2.03)	4.62	(4.60)	17.99
AVT	1.88	0.22	0.04	0.12	2.45	(3.58)	4.65	(4.35)	19.63
CAC1	0.75	(0.06)	0.00	1.92	0.00	0.00	1.52	(1.65)	6.45
TTG	2.54	(0.17)	0.00	(0.38)	0.00	0.00	8.15	(7.84)	19.72
ESY	1.84	0.31	0.14	0.47	1.76	(2.92)	4.05	(3.41)	16.55
KDIC	3.22	0.77	0.22	2.21	2.82	(4.41)	8.18	(5.59)	23.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sea without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Sea Corporate Management

Elected by the shareholders, the Sea's board of directors comprises two types of representatives: Sea inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sea. The board's role is to monitor Sea's management team and ensure that shareholders' interests are well served. Sea's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sea's outside directors are responsible for providing unbiased perspectives on the board's policies.

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