Cheetah Mobile Correlations

CMCM Stock

USD 6.50 0.05 0.78%

The current 90-days correlation between Cheetah Mobile and Phoenix New Media is 0.1 (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

Very weak diversification

The correlation between Cheetah Mobile and DJI is 0.42 (i.e., Very 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 unemployment.

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

Moving together with Cheetah Stock

0.62	DT	Dynatrace Holdings LLC	Pair Corr
0.63	JG	Aurora Mobile	Pair Corr
0.74	VS	Versus Systems	Pair Corr
0.66	DMRC	Digimarc	Pair Corr
0.76	DOMO	Domo Inc Downward Rally	Pair Corr
0.63	002410	Glodon Software	Pair Corr
0.71	600588	Yonyou Network Technology	Pair Corr
0.79	VRAR	Glimpse Group Tech Boost	Pair Corr
0.77	603383	Fujian Apex Software	Pair Corr
0.77	ARC	Arcontech Group Plc	Pair Corr

Moving against Cheetah Stock

0.5	BGE	Bridge Saas	Pair Corr
0.49	U	Unity Software Sell-off Trend	Pair Corr
0.46	BL	Blackline	Pair Corr
0.45	ZM	Zoom Video Communications	Pair Corr
0.41	NN	Nextnav Acquisition Corp	Pair Corr
0.69	RM	RM Plc	Pair Corr
0.57	DTST	Data Storage Corp	Pair Corr
0.54	TRB	Tribal Group plc	Pair Corr
0.39	DUOT	Duos Technologies	Pair Corr
0.72	MKT	DeepMarkit Corp	Pair Corr
0.69	ELWS	Earlyworks Downward Rally	Pair Corr
0.53	301169	Beijing Dataway Horizon	Pair Corr

Related Correlations Analysis

	ONFO	MNY	CNET	SLE	LCFY	BAOS	FENG	HOFV	BZFD	ZNB
ONFO		0.04	0.9	0.69	0.74	0.36	0.81	0.75	0.81	0.74	ONFO
MNY	0.04		0.04	-0.11	0.08	-0.08	0.19	0.03	-0.1	0.04	MNY
CNET	0.9	0.04		0.84	0.86	0.46	0.89	0.86	0.83	0.84	CNET
SLE	0.69	-0.11	0.84		0.89	0.68	0.79	0.83	0.8	0.88	SLE
LCFY	0.74	0.08	0.86	0.89		0.6	0.88	0.83	0.86	0.82	LCFY
BAOS	0.36	-0.08	0.46	0.68	0.6		0.48	0.55	0.53	0.54	BAOS
FENG	0.81	0.19	0.89	0.79	0.88	0.48		0.86	0.8	0.85	FENG
HOFV	0.75	0.03	0.86	0.83	0.83	0.55	0.86		0.75	0.8	HOFV
BZFD	0.81	-0.1	0.83	0.8	0.86	0.53	0.8	0.75		0.82	BZFD
ZNB	0.74	0.04	0.84	0.88	0.82	0.54	0.85	0.8	0.82		ZNB
	ONFO	MNY	CNET	SLE	LCFY	BAOS	FENG	HOFV	BZFD	ZNB

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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

CNET	+ 0.9	ONFO
FENG	+ 0.89	CNET
LCFY	+ 0.89	SLE
ZNB	+ 0.88	SLE
FENG	+ 0.88	LCFY
LCFY	+ 0.86	CNET

High negative correlations

SLE	- 0.11	MNY
BZFD	- 0.1	MNY
BAOS	- 0.08	MNY

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ONFO	4.94	(0.51)	(0.10)	11.76	(9.23)	43.85
MNY	3.59	(0.21)	(0.05)	9.85	(7.69)	39.95
CNET	4.20	(0.89)	(1.31)	7.10	(8.45)	34.54
SLE	6.69	(2.41)	129.68	11.71	(16.67)	39.34
LCFY	3.24	(1.32)	(0.39)	4.64	(8.40)	23.24
BAOS	4.72	(0.18)	(0.01)	6.50	(7.16)	66.17
FENG	2.37	(0.57)	(0.92)	3.90	(6.79)	15.12
HOFV	5.60	(0.71)	(1.19)	12.50	(13.21)	35.42
BZFD	3.51	(0.96)	(0.32)	6.25	(7.14)	39.16
ZNB	7.76	(0.31)	(0.08)	8.54	(10.17)	148.94

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