Chefs Warehouse Correlations

Chefs Warehouse Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Chefs Warehouse. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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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    PFGC + 0.9 UNFI PFGC + 0.89 USFD AVO + 0.86 CVGW UNFI + 0.77 USFD AVO + 0.68 USFD DIT + 0.68 SPTN

High negative correlations    SPTN - 0.7 USFD DIT - 0.66 PFGC DIT - 0.66 USFD DIT - 0.64 UNFI PFGC - 0.54 SPTN UNFI - 0.45 SPTN

Risk-Adjusted Indicators

There is a big difference between Chefs Stock performing well and Chefs Warehouse 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 Chefs Warehouse'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.