Chegg Inc Stock Market Value
| CHGG Stock | USD 2.26 0.25 12.44% |
| Symbol | Chegg |
Chegg Inc Price To Book Ratio
Is Diversified Consumer Services space 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 Chegg. If investors know Chegg 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 Chegg 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 4.996 | Earnings Share (8.18) | Revenue Per Share 6.34 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0192 |
The market value of Chegg Inc is measured differently than its book value, which is the value of Chegg that is recorded on the company's balance sheet. Investors also form their own opinion of Chegg's value that differs from its market value or its book value, called intrinsic value, which is Chegg'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 Chegg's market value can be influenced by many factors that don't directly affect Chegg'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 Chegg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chegg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chegg'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.
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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Chegg on October 26, 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 Coursera, Udemy, TAL Education, Youdao, Stride, Adtalem Global, and New Oriental. Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and... 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 | 4.47 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.23 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.59 |
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 | 0.0117 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.76) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0086 |
Chegg Inc Backtested Returns
Chegg Inc secures Sharpe Ratio (or Efficiency) of -0.0161, which signifies that the company had a -0.0161% return per unit of standard deviation over the last 3 months. Chegg Inc exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chegg's mean deviation of 3.81, and Risk Adjusted Performance of 0.0117 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.27, 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. At this point, Chegg Inc has a negative expected return of -0.0791%. Please make sure to confirm Chegg's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Chegg Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Chegg Inc has modest predictability. Overlapping area represents the amount of predictability between Chegg time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 0.58 indicates that roughly 58.0% of current Chegg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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
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 Global Correlations module to find global opportunities by holding instruments from different markets.
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.