Cheetah Mobile Correlations
| CMCM Stock | USD 6.22 0.89 16.70% |
The current 90-days correlation between Cheetah Mobile and Phoenix New Media is 0.04 (i.e., Significant 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
Good diversification
The correlation between Cheetah Mobile and DJI is -0.02 (i.e., Good 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.
Moving together with Cheetah Stock
| 0.66 | BZ | Kanzhun Ltd ADR | PairCorr |
| 0.78 | WB | Weibo Corp | PairCorr |
| 0.71 | ZH | Zhihu Inc ADR | PairCorr |
| 0.78 | IAC | IAC Inc | PairCorr |
| 0.78 | MNY | MoneyHero Limited Class | PairCorr |
| 0.85 | TME | Tencent Music Entert | PairCorr |
| 0.69 | GITS | Global Interactive Symbol Change | PairCorr |
| 0.82 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.71 | MNYWW | MoneyHero Limited | PairCorr |
| 0.79 | ZDGE | Zedge Inc | PairCorr |
| 0.77 | IZEA | IZEA Inc Upward Rally | PairCorr |
| 0.7 | JFIN | Jiayin Group | PairCorr |
| 0.86 | JOYY | JOYY Inc Symbol Change | PairCorr |
| 0.83 | KIND | Nextdoor Holdings Buyout Trend | PairCorr |
| 0.7 | META | Meta Platforms | PairCorr |
| 0.72 | MOMO | Hello Group | PairCorr |
| 0.76 | MTCH | Match Group | PairCorr |
Moving against Cheetah Stock
| 0.78 | GIFT | RDE, Inc Symbol Change | PairCorr |
| 0.71 | GIBO | Global IBO Group | PairCorr |
| 0.62 | DJT | Trump Media Technology Aggressive Push | PairCorr |
| 0.54 | CCG | Cheche Group Class | PairCorr |
| 0.54 | SLE | Super League Enterprise Upward Rally | PairCorr |
| 0.39 | GETY | Getty Images Holdings Buyout Trend | PairCorr |
| 0.38 | ZIP | Ziprecruiter | PairCorr |
| 0.32 | DJTWW | Trump Media Technology | PairCorr |
| 0.31 | SJ | Scienjoy Holding Corp | PairCorr |
| 0.71 | NAMI | Jinxin Technology Holding | PairCorr |
| 0.71 | ONFOW | Onfolio Holdings Warrant | PairCorr |
| 0.64 | SEATW | Vivid Seats Warrant | PairCorr |
| 0.58 | SEAT | Vivid Seats | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FENG | 3.63 | 0.53 | 0.10 | 1.72 | 3.63 | 9.26 | 25.00 | |||
| DGTHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TOUR | 1.83 | (0.12) | 0.00 | (0.02) | 0.00 | 4.49 | 10.65 | |||
| YRD | 2.27 | 0.04 | 0.01 | 0.18 | 2.69 | 6.14 | 18.39 | |||
| XNET | 4.48 | 0.35 | 0.06 | 0.39 | 5.80 | 9.68 | 36.92 |