Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares (CMCM) Correlation Distribution
Across 6,809 rolling correlation observations between Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares (CMCM) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.261, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.4% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,809
- Mean correlation
- 0.261
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 31.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 98 | 1.4% | |
| -0.8 to -0.7 | 98 | 1.4% | |
| -0.7 to -0.6 | 291 | 4.3% | |
| -0.6 to -0.5 | 291 | 4.3% | |
| -0.5 to -0.4 | 336 | 4.9% | |
| -0.4 to -0.3 | 336 | 4.9% | |
| -0.3 to -0.2 | 301 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 263 | 3.9% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 275 | 4.0% | |
| 0.2 to 0.3 | 275 | 4.0% | |
| 0.3 to 0.4 | 323 | 4.7% | |
| 0.4 to 0.5 | 322 | 4.7% | |
| 0.5 to 0.6 | 450 | 6.6% | |
| 0.6 to 0.7 | 449 | 6.6% | |
| 0.7 to 0.8 | 881 | 12.9% | |
| 0.8 to 0.9 | 880 | 12.9% | |
| 0.9 to 1.0 | 377 | 5.5% |
Frequently asked questions
What is the average correlation of CMCM?
Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares (CMCM) has an average correlation of about 0.261 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMCM positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 31.4%.
What is the most common correlation range for CMCM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for CMCM.
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