A.I.dvisor indicates that over the last year, MELI has been loosely correlated with CVNA. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if MELI jumps, then CVNA could also see price increases.
Ticker / NAME | Correlation To MELI | 1D Price Change % | ||
---|---|---|---|---|
MELI | 100% | -5.07% | ||
CVNA - MELI | 52% Loosely correlated | +2.75% | ||
JMIA - MELI | 39% Loosely correlated | -1.37% | ||
SE - MELI | 37% Loosely correlated | -9.56% | ||
DASH - MELI | 35% Loosely correlated | +0.77% | ||
GLBE - MELI | 28% Poorly correlated | -1.14% | ||
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