Cheetah Mobile Correlations

CMCM Stock

USD 4.98 0.01 0.20%

The current 90-days correlation between Cheetah Mobile and Tuniu Corp is 0.09 (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

Very weak diversification

The correlation between Cheetah Mobile and DJI is 0.41 (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.

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 main economic indicators.

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

Moving together with Cheetah Stock

0.63	WB	Weibo Corp	Pair Corr
0.62	IAC	IAC Inc	Pair Corr
0.71	MOMO	Hello Group	Pair Corr

Moving against Cheetah Stock

0.44	MNYWW	MoneyHero Limited	Pair Corr
0.39	SEATW	Vivid Seats Warrant	Pair Corr
0.37	WBTN	WEBTOON Entertainment	Pair Corr
0.32	RUM	Rumble Inc	Pair Corr
0.31	SLE	Super League Enterprise Earnings Call This Week	Pair Corr
0.33	LCFY	Locafy	Pair Corr

Related Correlations Analysis

	TOUR	LEJU	YRD	XNET	FENG
TOUR		0.0	0.52	0.7	-0.22	TOUR
LEJU	0.0		0.0	0.0	0.0	LEJU
YRD	0.52	0.0		0.87	-0.03	YRD
XNET	0.7	0.0	0.87		-0.3	XNET
FENG	-0.22	0.0	-0.03	-0.3		FENG
	TOUR	LEJU	YRD	XNET	FENG

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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

XNET	+ 0.87	YRD
XNET	+ 0.7	TOUR
YRD	+ 0.52	TOUR
LEJU	+ 0.0	TOUR
YRD	+ 0.0	LEJU
XNET	+ 0.0	LEJU

High negative correlations

FENG	- 0.3	XNET
FENG	- 0.22	TOUR
FENG	- 0.03	YRD
FENG	- 0.0	LEJU
XNET	- 0.0	LEJU
YRD	- 0.0	LEJU

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
TOUR	1.91	0.01	0.02	(0.01)	2.40	(2.53)	4.72	(3.88)	14.76
LEJU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
YRD	3.02	1.05	0.29	0.56	2.84	(3.83)	7.63	(5.21)	20.84
XNET	4.63	1.55	0.41	2.32	3.26	(6.39)	13.00	(6.57)	37.17
FENG	3.03	(0.05)	0.00	0.03	0.00	0.00	8.57	(7.87)	27.25

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