Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) Correlation Distribution
Across 6,809 rolling correlation observations between Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.313, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.313
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 29%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 35 | 0.5% | |
| -0.8 to -0.7 | 35 | 0.5% | |
| -0.7 to -0.6 | 186 | 2.7% | |
| -0.6 to -0.5 | 185 | 2.7% | |
| -0.5 to -0.4 | 296 | 4.3% | |
| -0.4 to -0.3 | 296 | 4.3% | |
| -0.3 to -0.2 | 313 | 4.6% | |
| -0.2 to -0.1 | 312 | 4.6% | |
| -0.1 to 0.0 | 305 | 4.5% | |
| 0.0 to 0.1 | 305 | 4.5% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 371 | 5.4% | |
| 0.4 to 0.5 | 370 | 5.4% | |
| 0.5 to 0.6 | 626 | 9.2% | |
| 0.6 to 0.7 | 626 | 9.2% | |
| 0.7 to 0.8 | 891 | 13.1% | |
| 0.8 to 0.9 | 890 | 13.1% | |
| 0.9 to 1.0 | 196 | 2.9% |
Frequently asked questions
What is the average correlation of SE?
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) has an average correlation of about 0.313 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SE positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 29%.
What is the most common correlation range for SE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for SE.
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