The Chefs Warehouse Stock Market Value
| CHEF Stock | USD 33.03 0.61 1.88% |
| Symbol | Chefs |
Chefs Warehouse Price To Book Ratio
Is Chefs Warehouse's industry 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 Chefs Warehouse. If investors know Chefs 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 Chefs Warehouse 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 (0.11) | Earnings Share 0.88 | Revenue Per Share 91.242 | Quarterly Revenue Growth 0.201 | Return On Assets 0.0434 |
The market value of Chefs Warehouse is measured differently than its book value, which is the value of Chefs that is recorded on the company's balance sheet. Investors also form their own opinion of Chefs Warehouse's value that differs from its market value or its book value, called intrinsic value, which is Chefs Warehouse'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 Chefs Warehouse's market value can be influenced by many factors that don't directly affect Chefs Warehouse'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 Chefs Warehouse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chefs Warehouse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chefs Warehouse'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.
Chefs Warehouse '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 Chefs Warehouse'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 Chefs Warehouse.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Chefs Warehouse on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding The Chefs Warehouse or generate 0.0% return on investment in Chefs Warehouse over 720 days. Chefs Warehouse is related to or competes with Big Lots, Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. The Chefs Warehouse, Inc., together with its subsidiaries, engages in distribution of specialty food products in the Uni... More
Chefs Warehouse 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 Chefs Warehouse'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 The Chefs Warehouse upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | 0.0303 | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.78 |
Chefs Warehouse Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chefs Warehouse's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chefs Warehouse's standard deviation. In reality, there are many statistical measures that can use Chefs Warehouse historical prices to predict the future Chefs Warehouse's volatility.| Risk Adjusted Performance | 0.0508 | |||
| Jensen Alpha | 0.0341 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0354 | |||
| Treynor Ratio | 0.1034 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chefs Warehouse's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chefs Warehouse Backtested Returns
We consider Chefs Warehouse very steady. Chefs Warehouse secures Sharpe Ratio (or Efficiency) of 0.0482, which signifies that the company had a 0.0482% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for The Chefs Warehouse, which you can use to evaluate the volatility of the firm. Please confirm Chefs Warehouse's Risk Adjusted Performance of 0.0508, semi deviation of 1.78, and Mean Deviation of 1.69 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Chefs Warehouse has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.41, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chefs Warehouse will likely underperform. Chefs Warehouse right now shows a risk of 2.22%. Please confirm Chefs Warehouse treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Chefs Warehouse will be following its price patterns.
Auto-correlation | 0.23 |
Weak predictability
The Chefs Warehouse has weak predictability. Overlapping area represents the amount of predictability between Chefs Warehouse time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Chefs Warehouse price movement. The serial correlation of 0.23 indicates that over 23.0% of current Chefs Warehouse price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 29.11 |
Chefs Warehouse lagged returns against current returns
Autocorrelation, which is Chefs Warehouse 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 Chefs Warehouse's stock expected returns. We can calculate the autocorrelation of Chefs Warehouse returns to help us make a trade decision. For example, suppose you find that Chefs Warehouse 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 |
Chefs Warehouse 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 Chefs Warehouse stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chefs Warehouse stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chefs Warehouse stock over time.
Current vs Lagged Prices |
| Timeline |
Chefs Warehouse Lagged Returns
When evaluating Chefs Warehouse's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chefs Warehouse stock have on its future price. Chefs Warehouse 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, Chefs Warehouse autocorrelation shows the relationship between Chefs Warehouse stock current value and its past values and can show if there is a momentum factor associated with investing in The Chefs Warehouse.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chefs Warehouse in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chefs Warehouse's short interest history, or implied volatility extrapolated from Chefs Warehouse options trading.
Pair Trading with Chefs Warehouse
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 Chefs Warehouse 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 Chefs Warehouse will appreciate offsetting losses from the drop in the long position's value.Moving together with Chefs Stock
| 0.64 | DG | Dollar General Financial Report 6th of June 2024 | PairCorr |
| 0.7 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
Moving against Chefs Stock
| 0.61 | IH | IhumanInc | PairCorr |
| 0.47 | VDKB | Vodka Brands Corp | PairCorr |
The ability to find closely correlated positions to Chefs Warehouse could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chefs Warehouse 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 Chefs Warehouse - 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 The Chefs Warehouse to buy it.
The correlation of Chefs Warehouse 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 Chefs Warehouse moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chefs Warehouse 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 Chefs Warehouse 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.Check out Chefs Warehouse Correlation, Chefs Warehouse Volatility and Chefs Warehouse Alpha and Beta module to complement your research on Chefs Warehouse. Note that the Chefs Warehouse information on this page should be used as a complementary analysis to other Chefs Warehouse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Chefs Stock analysis
When running Chefs Warehouse's price analysis, check to measure Chefs Warehouse'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 Chefs Warehouse is operating at the current time. Most of Chefs Warehouse's value examination focuses on studying past and present price action to predict the probability of Chefs Warehouse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chefs Warehouse's price. Additionally, you may evaluate how the addition of Chefs Warehouse to your portfolios can decrease your overall portfolio volatility.
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