Chegg (Germany) Market Value
| 0CG Stock | 1.71 0.04 2.40% |
| 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.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Chegg on December 9, 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 30 days. Chegg is related to or competes with HK Electric, Gladstone Investment, SPARTAN STORES, BJs Wholesale, and New Residential. 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 | 4.51 | |||
| Information Ratio | 0.0248 | |||
| Maximum Drawdown | 26.28 | |||
| Value At Risk | (7.87) | |||
| 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 | 0.0299 | |||
| Jensen Alpha | 0.1448 | |||
| Total Risk Alpha | 0.1488 | |||
| Sortino Ratio | 0.0322 | |||
| Treynor Ratio | 3.26 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chegg's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chegg Inc Backtested Returns
Chegg appears to be extremely dangerous, given 3 months investment horizon. Chegg Inc secures Sharpe Ratio (or Efficiency) of 0.0679, which signifies that the company had a 0.0679% 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 4.45, and Risk Adjusted Performance of 0.0299 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 0.0444, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chegg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chegg is expected to be smaller as well. Please check Chegg's downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside , to make a quick decision on whether Chegg's price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Chegg Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Chegg time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 2025. 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 -0.48 indicates that about 48.0% of current Chegg price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
Thematic Opportunities
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Additional Tools for Chegg Stock Analysis
When running Chegg's price analysis, check to measure Chegg'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 Chegg is operating at the current time. Most of Chegg's value examination focuses on studying past and present price action to predict the probability of Chegg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chegg's price. Additionally, you may evaluate how the addition of Chegg to your portfolios can decrease your overall portfolio volatility.