Chegg Inc Stock Performance

CHGG Stock  USD 7.58  0.21  2.85%   
The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chegg are expected to decrease at a much lower rate. During the bear market, Chegg is likely to outperform the market. Chegg Inc has an expected return of -0.63%. Please make sure to confirm Chegg Inc potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Chegg Inc performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

0 of 100

 
Low
 
High
Very Weak
Over the last 90 days Chegg Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's technical and fundamental indicators remain nearly stable which may send shares a bit higher in April 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more

Actual Historical Performance (%)

One Day Return
2.85
Five Day Return
(5.72)
Year To Date Return
(32.50)
Ten Year Return
9.38
All Time Return
(21.69)
1
Consumer Defensive Stocks Moving Up and Down Thursday DDL, LXEH, YGF, AVO, QSG, BTOG, CHGG, ELF - InvestorsObserver
01/18/2024
2
Why Chegg Stock Is Down Today
02/06/2024
3
EdTech Market Size to Grow USD 549.6 billion by 2033 Growing demand for customized education solutions
02/13/2024
4
Disposition of 161647 shares by Nathan Schultz of Chegg subject to Rule 16b-3
02/21/2024
5
CI Investments Inc. Takes Position in Chegg, Inc. - AmericanBankingNEWS
02/26/2024
6
Disposition of 1952 shares by Daniel Rosensweig of Chegg at 9.04 subject to Rule 16b-3
03/01/2024
7
Chegg, Inc. Shares Acquired by Sherbrooke Park Advisers LLC
03/04/2024
8
JPMorgan sets Chegg stock at Neutral with 9 target
03/11/2024
9
Disposition of 22796 shares by Daniel Rosensweig of Chegg at 8.02 subject to Rule 16b-3
03/12/2024
10
Chegg Reports New Hire Equity Grant Under NYSE Rule 303A.08
03/14/2024
11
CHGG News Today Why did Chegg stock go up today - MarketBeat
03/19/2024
12
Chegg Stock Price Down 2.4 percent - MarketBeat
03/25/2024
Begin Period Cash Flow473.7 M
  

Chegg Relative Risk vs. Return Landscape

If you would invest  1,136  in Chegg Inc on December 29, 2023 and sell it today you would lose (378.00) from holding Chegg Inc or give up 33.27% of portfolio value over 90 days. Chegg Inc is currently does not generate positive expected returns and assumes 2.4612% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of stocks are less volatile than Chegg, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Chegg is expected to under-perform the market. In addition to that, the company is 4.29 times more volatile than its market benchmark. It trades about -0.26 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of volatility.

Chegg Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chegg's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Chegg Inc, and traders can use it to determine the average amount a Chegg's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.2563

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsCHGG

Estimated Market Risk

 2.46
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.63
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.26
  actual daily
0
Most of other assets perform better
Based on monthly moving average Chegg is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Chegg by adding Chegg to a well-diversified portfolio.

Chegg Fundamentals Growth

Chegg Stock prices reflect investors' perceptions of the future prospects and financial health of Chegg, and Chegg fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Chegg Stock performance.

About Chegg Performance

To evaluate Chegg Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Chegg generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Chegg Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Chegg Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Chegg's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Return On Capital Employed(0.06)(0.06)
Return On Assets 0.01  0.01 
Return On Equity 0.02  0.02 

Things to note about Chegg Inc performance evaluation

Checking the ongoing alerts about Chegg for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Chegg Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Chegg Inc generated a negative expected return over the last 90 days
Chegg Inc has a strong financial position based on the latest SEC filings
Over 97.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Chegg Stock Price Down 2.4 percent - MarketBeat
Evaluating Chegg's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Chegg's stock performance include:
  • Analyzing Chegg's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Chegg's stock is overvalued or undervalued compared to its peers.
  • Examining Chegg's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Chegg's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Chegg's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Chegg's stock. These opinions can provide insight into Chegg's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Chegg's stock performance is not an exact science, and many factors can impact Chegg's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Chegg Inc is a strong investment it is important to analyze Chegg's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chegg's future performance. For an informed investment choice regarding Chegg Stock, refer to the following important reports:
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 tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Chegg Inc information on this page should be used as a complementary analysis to other Chegg's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for Chegg Stock analysis

When running Chegg's price analysis, check to measure Chegg's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chegg is operating at the current time. Most of Chegg's value examination focuses on studying past and present price action to predict the probability of Chegg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chegg's price. Additionally, you may evaluate how the addition of Chegg to your portfolios can decrease your overall portfolio volatility.
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Fundamental Analysis
View fundamental data based on most recent published financial statements
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Is Chegg's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chegg. If investors know Chegg will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chegg listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
4.996
Earnings Share
0.16
Revenue Per Share
6.148
Quarterly Revenue Growth
(0.08)
Return On Assets
(0)
The market value of Chegg Inc is measured differently than its book value, which is the value of Chegg that is recorded on the company's balance sheet. Investors also form their own opinion of Chegg's value that differs from its market value or its book value, called intrinsic value, which is Chegg's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chegg's market value can be influenced by many factors that don't directly affect Chegg's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chegg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chegg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chegg's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.