Cheetah Mobile Correlations
| CMCM Stock | USD 4.29 0.33 8.33% |
The correlation of Cheetah Mobile 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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Cheetah Mobile and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cheetah Mobile and NYA in the same portfolio, assuming nothing else is changed.
Cheetah |
The ability to find closely correlated positions to Cheetah Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheetah Mobile when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cheetah Mobile - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cheetah Mobile to buy it.
Moving together with Cheetah Stock
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Moving against Cheetah Stock
| 0.83 | Z | Zillow Group Class Earnings Call This Week | PairCorr |
| 0.75 | CCG | Cheche Group Report 25th of September 2024 | PairCorr |
| 0.71 | GENI | Genius Sports Financial Report 14th of May 2024 | PairCorr |
| 0.62 | ZH | Zhihu Inc ADR | PairCorr |
| 0.62 | GETY | Getty Images Holdings Financial Report 9th of May 2024 | PairCorr |
| 0.6 | ZDGE | Zedge Inc | PairCorr |
| 0.57 | SLE | Super League Enterprise Symbol Change | PairCorr |
| 0.48 | IAC | IAC Inc Financial Report 14th of May 2024 | PairCorr |
| 0.45 | DJT | Trump Media Technology Symbol Change | PairCorr |
Related Correlations Analysis
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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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Cheetah Mobile without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cheetah Mobile Corporate Directors
Cheetah Mobile corporate directors refer to members of a Cheetah Mobile board of directors. The board of directors generally takes responsibility for the Cheetah Mobile's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cheetah Mobile's board members must vote for the resolution. The Cheetah Mobile board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Zhijian Peng | Director | Profile | |
| Rui Hao | Director | Profile | |
| Weidong Ji | Independent Director | Profile | |
| Hongjiang Zhang | Director | Profile |
Already Invested in Cheetah Mobile?
The danger of trading Cheetah Mobile is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cheetah Mobile is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cheetah Mobile. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cheetah Mobile is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cheetah Mobile is a strong investment it is important to analyze Cheetah Mobile'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 Cheetah Mobile's future performance. For an informed investment choice regarding Cheetah Stock, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Cheetah Stock, please use our How to Invest in Cheetah Mobile guide.Note that the Cheetah Mobile information on this page should be used as a complementary analysis to other Cheetah Mobile'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Cheetah Stock analysis
When running Cheetah Mobile's price analysis, check to measure Cheetah Mobile'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 Cheetah Mobile is operating at the current time. Most of Cheetah Mobile's value examination focuses on studying past and present price action to predict the probability of Cheetah Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheetah Mobile's price. Additionally, you may evaluate how the addition of Cheetah Mobile to your portfolios can decrease your overall portfolio volatility.
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Is Cheetah Mobile'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 Cheetah Mobile. If investors know Cheetah 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 Cheetah Mobile 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 (0.99) | Earnings Share (2.83) | Revenue Per Share 22.732 | Quarterly Revenue Growth (0.37) | Return On Assets (0.02) |
The market value of Cheetah Mobile is measured differently than its book value, which is the value of Cheetah that is recorded on the company's balance sheet. Investors also form their own opinion of Cheetah Mobile's value that differs from its market value or its book value, called intrinsic value, which is Cheetah Mobile'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 Cheetah Mobile's market value can be influenced by many factors that don't directly affect Cheetah Mobile'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 Cheetah Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cheetah Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cheetah Mobile'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.