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% | -0.63% | ||
CVNA - MELI | 52% Loosely correlated | +2.23% | ||
AMZN - MELI | 45% Loosely correlated | -0.47% | ||
JMIA - MELI | 42% Loosely correlated | +8.70% | ||
CHWY - MELI | 39% Loosely correlated | +2.07% | ||
BZUN - MELI | 38% Loosely correlated | -2.46% | ||
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Ticker / NAME | Correlation To MELI | 1D Price Change % |
---|---|---|
MELI | 100% | -0.63% |
latin america (undefined stocks) | 95% Closely correlated | +0.36% |
Internet Retail (undefined stocks) | 93% Closely correlated | -0.34% |
internet service (undefined stocks) | 83% Closely correlated | -0.83% |
internet software (undefined stocks) | 83% Closely correlated | -0.83% |
online services (undefined stocks) | 83% Closely correlated | -0.81% |
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