Chegg Correlations

CHGG Stock

USD 0.96 0.01 0.98%

The current 90-days correlation between Chegg Inc and TCTM Kids IT is -0.28 (i.e., Very good diversification). The correlation of Chegg is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Chegg Correlation With Market

Weak diversification

The correlation between Chegg Inc and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chegg Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Chegg Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chegg Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Chegg Stock

0.77	GV	Visionary Education	Pair Corr
0.72	JZ	Jianzhi Education	Pair Corr
0.8	EEIQ	Elite Education Group	Pair Corr
0.81	WAFU	Wah Fu Education	Pair Corr
0.7	CSV	Carriage Services	Pair Corr
0.72	FTDR	Frontdoor	Pair Corr
0.79	SGN	Signing Day Sports	Pair Corr
0.84	STG	Sunlands Technology	Pair Corr
0.88	LOPE	Grand Canyon Education	Pair Corr
0.62	NAMI	Jinxin Technology Holding	Pair Corr
0.61	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.89	PRDO	Perdoceo Education Corp	Pair Corr
0.86	ATGE	Adtalem Global Education	Pair Corr

Moving against Chegg Stock

0.83	PPERY	Bank Mandiri Persero	Pair Corr
0.82	BEDU	Bright Scholar Education	Pair Corr
0.81	TLK	Telkom Indonesia Tbk	Pair Corr
0.56	PPERF	Bank Mandiri Persero	Pair Corr
0.53	LAUR	Laureate Education	Pair Corr
0.45	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.39	PBCRF	PT Bank Central	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.79	NAUFF	NevGold Corp	Pair Corr
0.79	DGWPF	Drgerwerk AG	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.77	CASXF	Casa Minerals	Pair Corr
0.71	AXP	American Express	Pair Corr
0.69	FTV	Fortive Corp	Pair Corr
0.64	ADAMI	New York Mortgage Symbol Change	Pair Corr

Related Correlations Analysis

	VSA	YOUL	SKIL	LGCY	ACU	HFFG	HAIN	ISPR	STG	LFS
VSA		0.36	0.88	-0.38	-0.03	0.14	0.73	-0.34	0.83	-0.42	VSA
YOUL	0.36		0.21	-0.53	-0.45	0.21	0.26	-0.62	0.1	0.04	YOUL
SKIL	0.88	0.21		-0.35	-0.18	0.03	0.75	-0.34	0.71	-0.2	SKIL
LGCY	-0.38	-0.53	-0.35		0.46	0.28	-0.22	0.81	-0.06	0.05	LGCY
ACU	-0.03	-0.45	-0.18	0.46		0.12	0.08	0.72	0.21	-0.37	ACU
HFFG	0.14	0.21	0.03	0.28	0.12		0.19	0.28	0.28	-0.03	HFFG
HAIN	0.73	0.26	0.75	-0.22	0.08	0.19		-0.17	0.76	-0.05	HAIN
ISPR	-0.34	-0.62	-0.34	0.81	0.72	0.28	-0.17		-0.01	-0.09	ISPR
STG	0.83	0.1	0.71	-0.06	0.21	0.28	0.76	-0.01		-0.37	STG
LFS	-0.42	0.04	-0.2	0.05	-0.37	-0.03	-0.05	-0.09	-0.37		LFS
	VSA	YOUL	SKIL	LGCY	ACU	HFFG	HAIN	ISPR	STG	LFS

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SKIL	+ 0.88	VSA
STG	+ 0.83	VSA
ISPR	+ 0.81	LGCY
STG	+ 0.76	HAIN
HAIN	+ 0.75	SKIL
HAIN	+ 0.73	VSA

High negative correlations

ISPR	- 0.62	YOUL
LGCY	- 0.53	YOUL
ACU	- 0.45	YOUL
LFS	- 0.42	VSA
LGCY	- 0.38	VSA
LFS	- 0.37	STG

Risk-Adjusted Indicators

There is a big difference between Chegg Stock performing well and Chegg Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Chegg's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VSA	8.91	(4.36)	0.00	1.58	0.00	0.00	10.87	(23.98)	95.75
YOUL	3.02	(0.37)	0.00	(0.17)	0.00	0.00	7.88	(6.62)	21.07
SKIL	6.22	(0.36)	0.00	(10.15)	0.00	0.00	13.00	(14.16)	39.40
LGCY	2.89	0.04	0.03	0.10	3.58	(3.11)	7.93	(5.84)	22.37
ACU	1.14	(0.06)	(0.07)	0.00	1.26	(1.40)	3.80	(1.92)	7.50
HFFG	2.45	(0.24)	0.00	(3.61)	0.00	0.00	6.22	(5.84)	18.41
HAIN	3.03	(0.60)	0.00	(0.22)	0.00	0.00	5.71	(6.09)	19.65
ISPR	4.71	0.22	0.03	0.39	6.11	(4.73)	9.86	(9.41)	29.95
STG	2.97	(0.31)	0.00	0.47	0.00	0.00	6.03	(6.25)	34.54
LFS	23.64	6.09	0.61	0.49	10.34	(44.30)	23.53	(20.08)	617.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC