MELI, NasdaqGS

MercadoLibre, Inc. (MELI)

Price (as of September 12)

970.99USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

DIBS

1stdibs.Com, Inc.

-0.13

BOXD

Boxed, Inc.

-0.06

APRN

Blue Apron Holdings, Inc.

-0

ID

PARTS iD, Inc.

-0

DTC

Solo Brands, Inc.

-0

DADA

Dada Nexus Limited

0.01

IMBI

iMedia Brands, Inc.

0.01

AMZN

Amazon.com, Inc.

0.01

GLBE

Global-e Online Ltd.

0.03

FTCH

Farfetch Limited

0.05

Show more

Highest within Industry

Symbol Correlation

CPNG

Coupang, Inc.

0.54

ETSY

Etsy, Inc.

0.45

JD

JD.com, Inc.

0.44

BABA

Alibaba Group Holding Limited

0.44

EBAY

eBay Inc.

0.41

PDD

Pinduoduo Inc.

0.4

OSTK

Overstock.com, Inc.

0.3

HOUR

Hour Loop, Inc.

0.07

CVNA

Carvana Co.

0.07

AKA

a.k.a. Brands Holding Corp.

0.05

Show more

Profile

Sector:
Consumer Cyclical
Industry:
Internet Retail

MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.