Cheer Holding Correlations

CHR Stock

2.56 0.04 1.54%

The current 90-days correlation between Cheer Holding and Lipocine is -0.01 (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

Significant diversification

The correlation between Cheer Holding and DJI is 0.04 (i.e., Significant diversification) 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.

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

0.72	IQ	iQIYI Inc	Pair Corr
0.84	TV	Grupo Televisa SAB	Pair Corr
0.9	WB	Weibo Corp	Pair Corr
0.77	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.73	EMMS	Emmis Communications Corp	Pair Corr
0.78	WIMI	WiMi Hologram Cloud	Pair Corr

Moving against Cheer Stock

0.56	EMWPF	Eros Media World	Pair Corr
0.46	OB	Outbrain	Pair Corr
0.84	ADV	Advantage Solutions	Pair Corr
0.81	AMC	AMC Entertainment	Pair Corr
0.64	EVER	EverQuote Class A	Pair Corr
0.59	BATRA	Atlanta Braves Holdings,	Pair Corr
0.59	BATRK	Atlanta Braves Holdings,	Pair Corr
0.52	ADD	Color Star Technology Downward Rally	Pair Corr
0.38	SBSAA	Spanish Broadcasting Earnings Call This Week	Pair Corr
0.37	CHT	Chunghwa Telecom	Pair Corr
0.36	NPSNY	Naspers Ltd ADR	Pair Corr

Related Correlations Analysis

	FSLUF	TARS	INBX	ABCL	HTZ	LPCN	ABOS	VSTS
FSLUF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FSLUF
TARS	0.0		0.28	0.64	0.2	0.79	0.34	-0.23	TARS
INBX	0.0	0.28		0.29	-0.25	0.5	-0.01	0.57	INBX
ABCL	0.0	0.64	0.29		0.17	0.58	0.59	-0.21	ABCL
HTZ	0.0	0.2	-0.25	0.17		0.0	-0.16	-0.1	HTZ
LPCN	0.0	0.79	0.5	0.58	0.0		0.27	0.07	LPCN
ABOS	0.0	0.34	-0.01	0.59	-0.16	0.27		-0.47	ABOS
VSTS	0.0	-0.23	0.57	-0.21	-0.1	0.07	-0.47		VSTS
	FSLUF	TARS	INBX	ABCL	HTZ	LPCN	ABOS	VSTS

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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

LPCN	+ 0.79	TARS
ABCL	+ 0.64	TARS
ABOS	+ 0.59	ABCL
LPCN	+ 0.58	ABCL
VSTS	+ 0.57	INBX
LPCN	+ 0.5	INBX

High negative correlations

VSTS	- 0.47	ABOS
HTZ	- 0.25	INBX
VSTS	- 0.23	TARS
VSTS	- 0.21	ABCL
ABOS	- 0.16	HTZ
VSTS	- 0.1	HTZ

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
FSLUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TARS	2.74	0.85	0.36	1.05	1.86	(3.62)	8.19	(3.85)	16.85
INBX	2.27	0.11	0.03	0.25	2.71	(2.76)	4.92	(6.11)	16.80
ABCL	2.80	0.00	0.00	0.08	2.96	(3.29)	6.25	(5.47)	22.70
HTZ	3.87	0.05	0.02	0.12	4.69	(3.96)	8.61	(8.50)	21.19
LPCN	3.29	0.48	0.09	10.85	3.89	(3.66)	7.08	(6.14)	27.84
ABOS	3.50	(0.43)	0.00	(0.05)	0.00	0.00	7.52	(6.67)	28.07
VSTS	1.51	(0.13)	(0.05)	0.00	1.75	(1.80)	3.54	(2.93)	17.30

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