Chegg Inc Stock Alpha and Beta Analysis
| CHGG Stock | USD 2.26 0.25 12.44% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Chegg Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Chegg over a specified time horizon. Remember, high Chegg's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Chegg's market risk premium analysis include:
Beta 1.27 | Alpha (0.14) | Risk 4.92 | Sharpe Ratio (0.02) | Expected Return (0.08) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Chegg |
Chegg Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Chegg market risk premium is the additional return an investor will receive from holding Chegg long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Chegg. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Chegg's performance over market.| α | -0.14 | β | 1.27 |
Chegg expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Chegg's Buy-and-hold return. Our buy-and-hold chart shows how Chegg performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Chegg Market Price Analysis
Market price analysis indicators help investors to evaluate how Chegg stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chegg shares will generate the highest return on investment. By understating and applying Chegg stock market price indicators, traders can identify Chegg position entry and exit signals to maximize returns.
Chegg Return and Market Media
The median price of Chegg for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 1.73 with a coefficient of variation of 11.17. The daily time series for the period is distributed with a sample standard deviation of 0.2, arithmetic mean of 1.78, and mean deviation of 0.15. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 2582 shares by Daniel Rosensweig of Chegg at 1.85 subject to Rule 16b-3 | 09/12/2024 |
2 | TEQSA launches legal action against US homework help site Chegg, alleging it helped students cheat | 10/08/2024 |
3 | Disposition of 1637 shares by David Longo of Chegg at 1.54 subject to Rule 16b-3 | 10/11/2024 |
4 | Disposition of 6532 shares by Daniel Rosensweig of Chegg at 10.55 subject to Rule 16b-3 | 11/04/2024 |
5 | Chegg Stock Price Outlook Could CHGG Surge 75 percent After Earnings | 11/11/2024 |
6 | Chegg Surpasses Q3 Earnings and Revenue Estimates | 11/12/2024 |
7 | Why Chegg Shares Are Trading Lower Today | 11/13/2024 |
8 | Chegg Third Quarter 2024 Earnings Revenues Beat Expectations, EPS Lags | 11/14/2024 |
9 | Chegg Price Target Cut to 1.50 by Analysts at Piper Sandler | 11/15/2024 |
10 | Chegg, Inc. A Bear Case Theory | 11/21/2024 |
11 | Acquisition by Renee Budig of 19305 shares of Chegg subject to Rule 16b-3 | 11/22/2024 |
About Chegg Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Chegg or other stocks. Alpha measures the amount that position in Chegg Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.52 | 0.46 | Price To Sales Ratio | 1.85 | 1.76 |
Chegg Upcoming Company Events
As portrayed in its financial statements, the presentation of Chegg's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Chegg's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Chegg's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Chegg. Please utilize our Beneish M Score to check the likelihood of Chegg's management manipulating its earnings.
| 5th of February 2024 Upcoming Quarterly Report | View | |
| 6th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 5th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Chegg
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Align your risk with return expectations
Check out Chegg Backtesting, Chegg Valuation, Chegg Correlation, Chegg Hype Analysis, Chegg Volatility, Chegg History and analyze Chegg Performance. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.