Cheetah Mobile Correlations

CMCM
 Stock
  

USD 2.04  0.11  5.70%   

The correlation of Cheetah Mobile is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Cheetah Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheetah Mobile when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cheetah Mobile - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cheetah Mobile to buy it.

Moving together with Cheetah Mobile

+0.9ANGIANGI HomeservicesPairCorr
+0.86BIDUBaidu IncPairCorr
+0.77BODYBeachbodyPairCorr
+0.81CARGCarGurus Upward RallyPairCorr
+0.75GOOGLAlphabet ClassPairCorr
+0.88LOVSpark Networks SEPairCorr
+0.65LTRPALiberty TriPairCorr
+0.87METAMeta Platforms Symbol ChangePairCorr
+0.78MTCHMatch GroupPairCorr
+0.87SCORComscorePairCorr
+0.89SPOTSpotify TechnologyPairCorr
+0.66TRVGTrivago NVPairCorr

Moving against Cheetah Mobile

-0.51PERIPerion NetworkPairCorr

Related Correlations

PHPMF
SWMAY
BTI
MINE
VGR
GDNGY
PHPMF
0.00.00.00.00.0
PHPMF
SWMAY
0.00.750.080.9-0.58
SWMAY
BTI
0.00.75-0.030.82-0.44
BTI
MINE
0.00.08-0.030.09-0.14
MINE
VGR
0.00.90.820.09-0.6
VGR
GDNGY
0.0-0.58-0.44-0.14-0.6
GDNGY
PHPMF
SWMAY
BTI
MINE
VGR
GDNGY
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
VGRSWMAY
VGRBTI
BTISWMAY
VGRMINE
MINESWMAY
SWMAYPHPMF
  
High negative correlations   
GDNGYVGR
GDNGYSWMAY
GDNGYBTI
GDNGYMINE
MINEBTI
GDNGYPHPMF

Risk-Adjusted Indicators

Nowadays, there is a big difference between Cheetah Stock performing well and Cheetah Mobile company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Cheetah Mobile's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cheetah Mobile without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Correlation

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Cheetah Mobile Corporate Directors

Cheetah Mobile corporate directors refer to members of a Cheetah Mobile board of directors. The board of directors generally takes responsibility for the Cheetah Mobile's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cheetah Mobile's board members must vote for the resolution. The Cheetah Mobile board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Zhijian Peng - DirectorProfile
Rui Hao - DirectorProfile
Weidong Ji - Independent DirectorProfile
Hongjiang Zhang - DirectorProfile

Invested in Cheetah Mobile?

The danger of trading Cheetah Mobile is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cheetah Mobile is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cheetah Mobile. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cheetah Mobile is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Cheetah Mobile information on this page should be used as a complementary analysis to other Cheetah Mobile's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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When running Cheetah Mobile price analysis, check to measure Cheetah Mobile'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 Cheetah Mobile is operating at the current time. Most of Cheetah Mobile's value examination focuses on studying past and present price action to predict the probability of Cheetah Mobile's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cheetah Mobile's price. Additionally, you may evaluate how the addition of Cheetah Mobile to your portfolios can decrease your overall portfolio volatility.
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Is Cheetah Mobile's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cheetah Mobile. If investors know Cheetah will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cheetah Mobile listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.99) 
Market Capitalization
54.8 M
Quarterly Revenue Growth YOY
(0.33) 
Return On Assets
(0.0271) 
Return On Equity
(0.1) 
The market value of Cheetah Mobile is measured differently than its book value, which is the value of Cheetah that is recorded on the company's balance sheet. Investors also form their own opinion of Cheetah Mobile's value that differs from its market value or its book value, called intrinsic value, which is Cheetah Mobile's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cheetah Mobile's market value can be influenced by many factors that don't directly affect Cheetah Mobile's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cheetah Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine Cheetah Mobile value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cheetah Mobile's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.