Cheer Holding Correlations

CHR Stock

1.46 0.09 6.57%

The current 90-days correlation between Cheer Holding and Software Acquisition Group is -0.05 (i.e., Good diversification). The correlation of Cheer Holding 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.

Cheer Holding Correlation With Market

Pay attention - limited upside

The correlation between Cheer Holding and DJI is -0.8 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cheer Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cheer Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cheer Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Cheer Stock, please use our How to Invest in Cheer Holding guide.

Moving together with Cheer Stock

0.66	RFX	Prismaflex International	Pair Corr
0.67	YOC	YOC AG	Pair Corr
0.86	EDHL	Everbright Digital	Pair Corr
0.89	EBQ	Ebiquity Plc	Pair Corr
0.64	INF	Informa PLC	Pair Corr

Moving against Cheer Stock

0.8	CCO	Clear Channel Outdoor	Pair Corr
0.76	FLNT	Fluent Inc	Pair Corr
0.71	EEX	Emerald Expositions	Pair Corr
0.57	HAO	Haoxi Health Technology	Pair Corr
0.52	VSME	VS Media Holdings	Pair Corr
0.67	DKUPL	Dekuple	Pair Corr
0.58	SAA	MC Saatchi	Pair Corr
0.45	ALINV	Invibes Advertising	Pair Corr
0.4	ALMKS	Making Science Group Earnings Call This Week	Pair Corr
0.38	ILLM	illumin Holdings	Pair Corr
0.37	ALFUM	Fill Up Media	Pair Corr
0.33	YHC	LQR House Earnings Call This Week	Pair Corr
0.74	DEC	JC Decaux SA	Pair Corr
0.55	MCHX	Marchex	Pair Corr

Related Correlations Analysis

	SWAG	KUKE	STFS	ZNB	CMLS	ADV	MOBQ	ONFO	BZFD
SWAG		0.49	0.71	0.64	0.43	0.7	0.46	0.79	0.47	SWAG
KUKE	0.49		0.45	0.5	0.28	0.47	0.66	0.59	0.6	KUKE
STFS	0.71	0.45		0.61	0.35	0.66	0.62	0.75	0.32	STFS
ZNB	0.64	0.5	0.61		0.47	0.87	0.66	0.8	0.49	ZNB
CMLS	0.43	0.28	0.35	0.47		0.3	0.38	0.47	0.18	CMLS
ADV	0.7	0.47	0.66	0.87	0.3		0.6	0.77	0.47	ADV
MOBQ	0.46	0.66	0.62	0.66	0.38	0.6		0.8	0.55	MOBQ
ONFO	0.79	0.59	0.75	0.8	0.47	0.77	0.8		0.65	ONFO
BZFD	0.47	0.6	0.32	0.49	0.18	0.47	0.55	0.65		BZFD
	SWAG	KUKE	STFS	ZNB	CMLS	ADV	MOBQ	ONFO	BZFD

Risk-Adjusted Indicators

There is a big difference between Cheer Stock performing well and Cheer Holding 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 Cheer Holding'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
SWAG	4.12	(1.04)	0.00	(0.30)	0.00	0.00	8.70	(12.12)	18.32
KUKE	31.51	7.26	0.20	1.20	25.62	(55.93)	150.00	(60.00)	382.50
STFS	3.84	(0.75)	0.00	(0.58)	0.00	0.00	10.00	(9.09)	36.67
ZNB	8.46	(1.61)	0.00	5.97	0.00	0.00	12.90	(21.00)	90.82
CMLS	9.88	0.43	0.04	0.30	10.39	(13.56)	25.18	(17.02)	63.76
ADV	4.33	(1.18)	0.00	(0.42)	0.00	0.00	6.67	(10.14)	37.90
MOBQ	5.78	(1.09)	0.00	9.85	0.00	0.00	14.10	(11.11)	40.47
ONFO	4.25	(1.23)	0.00	(0.61)	0.00	0.00	10.61	(9.43)	34.12
BZFD	3.14	(0.41)	0.00	(0.13)	0.00	0.00	6.67	(6.90)	20.40

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