Cheer Holding Correlations

Stocks . USA . 
Stock . Cheer Holding
CHR Stock   1.13  0.15  11.72%   
The current 90-days correlation between Cheer Holding and Jeld Wen Holding is -0.12 (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

Modest diversification

The correlation between Cheer Holding and DJI is 0.24 (i.e., Modest 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

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  0.73DRCT Direct Digital HoldingsPairCorr
  0.72VSME VS Media HoldingsPairCorr
  0.62WIMI WiMi Hologram CloudPairCorr
  0.84FLNT Fluent IncPairCorr
  0.75ADD Color Star TechnologyPairCorr
  0.9ADV Advantage SolutionsPairCorr
  0.73AMC AMC EntertainmentPairCorr
  0.91CCO Clear Channel OutdoorPairCorr
  0.85CNK Cinemark HoldingsPairCorr
  0.82DIS Walt DisneyPairCorr
  0.93DUO Fangdd Network GroupPairCorr
  0.84EEX Emerald ExpositionsPairCorr
  0.92GCI GannettPairCorr
  0.64HAO Haoxi Health TechnologyPairCorr
  0.76HHS Harte HanksPairCorr
  0.82IAS Integral Ad SciencePairCorr
  0.63IPG Interpublic GroupPairCorr
  0.71LEE Lee EnterprisesPairCorr
  0.78LVO LiveOnePairCorr
  0.68LYV Live Nation EntertainmentPairCorr
  0.93MCS MarcusPairCorr

Moving against Cheer Stock

  0.38SE SeaPairCorr
  0.33BATRA Atlanta Braves Holdings,PairCorr
  0.31BATRK Atlanta Braves Holdings,PairCorr
  0.63OCG Oriental Culture Holding Upward RallyPairCorr
  0.53GTN Gray TelevisionPairCorr
  0.35FOXA Fox Corp ClassPairCorr

Related Correlations Analysis

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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   
PLTK
+ 0.77
JELD
FMC
+ 0.65
JELD
ZH
+ 0.6
IMAX
PLTK
+ 0.37
FMC
FLAF
+ 0.0
JELD
UNMK
+ 0.0
JELD
  
High negative correlations   
UNMK
- 1.0
FLAF
ZH
- 0.8
JELD
ZH
- 0.71
FMC
IMAX
- 0.69
FMC
IMAX
- 0.56
JELD
ZH
- 0.53
PLTK

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.

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