Cheer Holding Stock Market Value
| CHR Stock | 2.56 0.04 1.54% |
| Symbol | Cheer |
Cheer Holding Price To Book Ratio
Is Advertising 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 Cheer Holding. If investors know Cheer 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 Cheer Holding 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 0.059 | Earnings Share 3.59 | Revenue Per Share 15.731 | Quarterly Revenue Growth 0.054 | Return On Assets 0.0672 |
The market value of Cheer Holding is measured differently than its book value, which is the value of Cheer that is recorded on the company's balance sheet. Investors also form their own opinion of Cheer Holding's value that differs from its market value or its book value, called intrinsic value, which is Cheer Holding'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 Cheer Holding's market value can be influenced by many factors that don't directly affect Cheer Holding'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 Cheer Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cheer Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cheer Holding'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.
Cheer Holding '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 Cheer Holding'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 Cheer Holding.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Cheer Holding on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cheer Holding or generate 0.0% return on investment in Cheer Holding over 30 days. Cheer Holding is related to or competes with Tarsus Pharmaceuticals, Inhibrx, Abcellera Biologics, Hertz Global, Lipocine, Acumen Pharmaceuticals, and Vestis. Cheer Holding is entity of United States More
Cheer Holding 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 Cheer Holding'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 Cheer Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 4.75 |
Cheer Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cheer Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cheer Holding's standard deviation. In reality, there are many statistical measures that can use Cheer Holding historical prices to predict the future Cheer Holding's volatility.| Risk Adjusted Performance | 0.032 | |||
| Jensen Alpha | 0.067 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.5058 |
Cheer Holding Backtested Returns
Currently, Cheer Holding is risky. Cheer Holding secures Sharpe Ratio (or Efficiency) of 0.0248, which signifies that the company had a 0.0248% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Cheer Holding, which you can use to evaluate the volatility of the firm. Please confirm Cheer Holding's mean deviation of 2.06, and Risk Adjusted Performance of 0.032 to double-check if the risk estimate we provide is consistent with the expected return of 0.0701%. Cheer Holding has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cheer Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cheer Holding is expected to be smaller as well. Cheer Holding right now shows a risk of 2.82%. Please confirm Cheer Holding standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Cheer Holding will be following its price patterns.
Auto-correlation | 0.78 |
Good predictability
Cheer Holding has good predictability. Overlapping area represents the amount of predictability between Cheer Holding time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Cheer Holding price movement. The serial correlation of 0.78 indicates that around 78.0% of current Cheer Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cheer Holding lagged returns against current returns
Autocorrelation, which is Cheer Holding 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 Cheer Holding's stock expected returns. We can calculate the autocorrelation of Cheer Holding returns to help us make a trade decision. For example, suppose you find that Cheer Holding 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 |
Cheer Holding 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 Cheer Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cheer Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cheer Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Cheer Holding Lagged Returns
When evaluating Cheer Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cheer Holding stock have on its future price. Cheer Holding 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, Cheer Holding autocorrelation shows the relationship between Cheer Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Cheer Holding.
Regressed Prices |
| Timeline |
Pair Trading with Cheer Holding
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cheer Holding position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cheer Holding will appreciate offsetting losses from the drop in the long position's value.Moving against Cheer Stock
The ability to find closely correlated positions to Cheer Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheer Holding 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 Cheer Holding - 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 Cheer Holding to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cheer Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cheer Holding 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.
Correlation analysis and pair trading evaluation for Cheer Holding can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Cheer Stock Analysis
When running Cheer Holding's price analysis, check to measure Cheer Holding'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 Cheer Holding is operating at the current time. Most of Cheer Holding's value examination focuses on studying past and present price action to predict the probability of Cheer Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheer Holding's price. Additionally, you may evaluate how the addition of Cheer Holding to your portfolios can decrease your overall portfolio volatility.