Cheetah Mobile Correlations

CMCM Stock

USD 6.81 0.01 0.15%

The current 90-days correlation between Cheetah Mobile and Evolution Gaming Group is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cheetah Mobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cheetah Mobile moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cheetah Mobile Correlation With Market

Weak diversification

The correlation between Cheetah Mobile and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cheetah Mobile and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cheetah Stock

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

To learn how to invest in Cheetah Stock, please use our How to Invest in Cheetah Mobile guide.

Moving together with Cheetah Stock

0.68	DMRC	Digimarc	Pair Corr
0.62	EXOD	Exodus Movement,	Pair Corr

Moving against Cheetah Stock

0.68	300845	Zhengzhou J	Pair Corr
0.41	ELWS	Earlyworks Co,	Pair Corr
0.47	TTGI	Turnium Technology	Pair Corr
0.42	FRGE	Forge Global Holdings	Pair Corr
0.37	DBD	Diebold Nixdorf,	Pair Corr
0.36	SBIGW	SpringBig Holdings	Pair Corr
0.32	CALSOFT	California Software	Pair Corr

Related Correlations Analysis

	LKNCY	REBN	GLXZ	DRI	EVVTY	WEST	GZITF	ENDMF
LKNCY		0.29	0.2	0.04	0.11	0.14	-0.48	0.53	LKNCY
REBN	0.29		0.88	0.78	0.92	0.83	-0.88	-0.14	REBN
GLXZ	0.2	0.88		0.73	0.83	0.79	-0.8	-0.19	GLXZ
DRI	0.04	0.78	0.73		0.79	0.82	-0.68	-0.27	DRI
EVVTY	0.11	0.92	0.83	0.79		0.81	-0.8	-0.3	EVVTY
WEST	0.14	0.83	0.79	0.82	0.81		-0.82	-0.16	WEST
GZITF	-0.48	-0.88	-0.8	-0.68	-0.8	-0.82		-0.11	GZITF
ENDMF	0.53	-0.14	-0.19	-0.27	-0.3	-0.16	-0.11		ENDMF
	LKNCY	REBN	GLXZ	DRI	EVVTY	WEST	GZITF	ENDMF

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

EVVTY	+ 0.92	REBN
GLXZ	+ 0.88	REBN
WEST	+ 0.83	REBN
EVVTY	+ 0.83	GLXZ
WEST	+ 0.82	DRI
WEST	+ 0.81	EVVTY

High negative correlations

GZITF	- 0.88	REBN
GZITF	- 0.82	WEST
GZITF	- 0.8	EVVTY
GZITF	- 0.8	GLXZ
GZITF	- 0.68	DRI
GZITF	- 0.48	LKNCY

Risk-Adjusted Indicators

There is a big difference between Cheetah Stock performing well and Cheetah Mobile 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 Cheetah Mobile'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
LKNCY	1.80	(0.06)	(0.03)	0.00	2.45	(1.70)	3.57	(4.01)	13.64
REBN	3.22	(0.65)	0.00	(0.19)	0.00	0.00	7.59	(8.52)	27.14
GLXZ	1.11	(0.12)	0.00	(0.04)	0.00	0.00	3.08	(2.70)	10.25
DRI	1.06	(0.28)	0.00	(0.32)	0.00	0.00	2.38	(2.51)	8.61
EVVTY	1.33	(0.35)	0.00	4.44	0.00	0.00	2.28	(3.19)	11.17
WEST	2.73	(0.31)	0.00	1.44	0.00	0.00	8.01	(6.44)	17.16
GZITF	0.05	0.02	0.00	(0.53)	0.00	0.00	0.00	0.00	1.75
ENDMF	2.16	0.12	0.00	(0.15)	3.09	(9.02)	9.09	(8.33)	18.33

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