Cheetah Net Correlations

CTNT Stock

2.42 0.06 2.42%

The current 90-days correlation between Cheetah Net Supply and Alignment Healthcare LLC is -0.03 (i.e., Good diversification). The correlation of Cheetah Net 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Cheetah Net Correlation With Market

Good diversification

The correlation between Cheetah Net Supply and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cheetah Net Supply 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 Net Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving against Cheetah Stock

0.31	WEYS	Weyco Group	Pair Corr
0.48	AZI	Autozi Internet Tech	Pair Corr
0.42	ABG	Asbury Automotive	Pair Corr

Related Correlations Analysis

	ALHC	GSHD	NTGR	NOW	L	AEG
ALHC		0.28	0.11	0.04	0.16	0.47	ALHC
GSHD	0.28		0.06	0.48	0.61	0.33	GSHD
NTGR	0.11	0.06		0.78	0.57	-0.6	NTGR
NOW	0.04	0.48	0.78		0.72	-0.3	NOW
L	0.16	0.61	0.57	0.72		-0.04	L
AEG	0.47	0.33	-0.6	-0.3	-0.04		AEG
	ALHC	GSHD	NTGR	NOW	L	AEG

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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

NOW	+ 0.78	NTGR
L	+ 0.72	NOW
L	+ 0.61	GSHD
L	+ 0.57	NTGR
NOW	+ 0.48	GSHD
AEG	+ 0.47	ALHC

High negative correlations

AEG	- 0.6	NTGR
AEG	- 0.3	NOW
AEG	- 0.04	L

Risk-Adjusted Indicators

There is a big difference between Cheetah Stock performing well and Cheetah Net 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 Net'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
ALHC	2.60	0.36	0.10	0.44	3.00	(2.73)	5.71	(4.81)	17.00
GSHD	1.83	0.15	0.07	0.31	1.87	(2.49)	4.15	(3.32)	18.30
NTGR	1.71	0.40	0.22	0.98	1.48	(2.00)	4.41	(2.89)	10.10
NOW	1.34	0.30	0.19	0.68	1.26	(1.55)	2.58	(2.38)	11.04
L	0.94	0.06	0.03	0.21	1.34	(0.89)	1.72	(2.35)	8.45
AEG	1.14	0.01	0.00	0.06	1.70	(1.05)	1.89	(2.31)	9.44

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