A.I.dvisor tells us that MELI and PDD have been poorly correlated (+28% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MELI and PDD's prices will move in lockstep.
Ticker / NAME | Correlation To MELI | 1D Price Change % | ||
---|---|---|---|---|
MELI | 100% | +0.69% | ||
PDD - MELI | 28% Poorly correlated | +2.82% | ||
JMIA - MELI | 27% Poorly correlated | +2.24% | ||
AMZN - MELI | 25% Poorly correlated | -0.76% | ||
CHWY - MELI | 22% Poorly correlated | +0.18% | ||
W - MELI | 21% Poorly correlated | -0.34% | ||
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