Chegg (Germany) Market Value
| 0CG Stock | EUR 1.76 0.12 6.38% |
| Symbol | Chegg |
Chegg 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Chegg's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Chegg.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Chegg on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Chegg Inc or generate 0.0% return on investment in Chegg over 60 days. Chegg is related to or competes with IDP EDUCATION, TAL Education, Grand Canyon, Graham Holdings, Strategic Education, Laureate Education, and CHINA EAST. Chegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to col... More
Chegg Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Chegg's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Chegg Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.84 | |||
| Information Ratio | 0.0534 | |||
| Maximum Drawdown | 31.19 | |||
| Value At Risk | (7.83) | |||
| Potential Upside | 11.4 |
Chegg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chegg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chegg's standard deviation. In reality, there are many statistical measures that can use Chegg historical prices to predict the future Chegg's volatility.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | 0.3176 | |||
| Total Risk Alpha | 0.1817 | |||
| Sortino Ratio | 0.0574 | |||
| Treynor Ratio | 0.199 |
Chegg Inc Backtested Returns
Chegg appears to be extremely dangerous, given 3 months investment horizon. Chegg Inc secures Sharpe Ratio (or Efficiency) of 0.0729, which signifies that the company had a 0.0729% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Chegg Inc, which you can use to evaluate the volatility of the firm. Please makes use of Chegg's mean deviation of 4.78, and Risk Adjusted Performance of 0.0551 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chegg holds a performance score of 5. The firm shows a Beta (market volatility) of 1.8, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chegg will likely underperform. Please check Chegg's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chegg's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Chegg Inc has no correlation between past and present. Overlapping area represents the amount of predictability between Chegg time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chegg Inc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Chegg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Chegg Inc lagged returns against current returns
Autocorrelation, which is Chegg stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Chegg's stock expected returns. We can calculate the autocorrelation of Chegg returns to help us make a trade decision. For example, suppose you find that Chegg has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Chegg regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Chegg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chegg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chegg stock over time.
Current vs Lagged Prices |
| Timeline |
Chegg Lagged Returns
When evaluating Chegg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chegg stock have on its future price. Chegg autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Chegg autocorrelation shows the relationship between Chegg stock current value and its past values and can show if there is a momentum factor associated with investing in Chegg Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Chegg Stock
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 Chegg Correlation, Chegg Volatility and Chegg Alpha and Beta module to complement your research on Chegg. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Chegg technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.