Chefs Warehouse Correlations

CHEF Stock

USD 44.74 0.88 2.01%

The current 90-days correlation between Chefs Warehouse and SpartanNash Co is 0.3 (i.e., Weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Chefs Warehouse Correlation With Market

Very weak diversification

The correlation between The Chefs Warehouse and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Chefs Warehouse 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 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.

Moving together with Chefs Stock

0.62	GO	Grocery Outlet Holding	Pair Corr
0.61	WMK	Weis Markets	Pair Corr

Moving against Chefs Stock

0.41	YI	111 Inc Earnings Call This Week	Pair Corr
0.32	EL	Estee Lauder Companies	Pair Corr
0.37	VSTA	Vasta Platform	Pair Corr
0.34	VITL	Vital Farms	Pair Corr
0.33	WAFU	Wah Fu Education	Pair Corr

Related Correlations Analysis

	USFD	SYY	SPTN	CVGW	AVO	UNFI	ANDE	PFGC	DIT
USFD		-0.22	-0.68	0.58	0.74	0.77	-0.12	0.89	-0.64	USFD
SYY	-0.22		0.2	-0.4	-0.25	-0.42	0.21	-0.37	0.31	SYY
SPTN	-0.68	0.2		-0.12	-0.41	-0.42	0.22	-0.51	0.63	SPTN
CVGW	0.58	-0.4	-0.12		0.87	0.54	-0.02	0.56	-0.13	CVGW
AVO	0.74	-0.25	-0.41	0.87		0.51	-0.06	0.56	-0.26	AVO
UNFI	0.77	-0.42	-0.42	0.54	0.51		-0.29	0.9	-0.57	UNFI
ANDE	-0.12	0.21	0.22	-0.02	-0.06	-0.29		-0.21	0.47	ANDE
PFGC	0.89	-0.37	-0.51	0.56	0.56	0.9	-0.21		-0.64	PFGC
DIT	-0.64	0.31	0.63	-0.13	-0.26	-0.57	0.47	-0.64		DIT
	USFD	SYY	SPTN	CVGW	AVO	UNFI	ANDE	PFGC	DIT

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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	+ 0.87	CVGW
UNFI	+ 0.77	USFD
AVO	+ 0.74	USFD
DIT	+ 0.63	SPTN

High negative correlations

SPTN	- 0.68	USFD
DIT	- 0.64	PFGC
DIT	- 0.64	USFD
DIT	- 0.57	UNFI
PFGC	- 0.51	SPTN
UNFI	- 0.42	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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USFD	0.87	0.14	0.11	0.26	0.93	(0.99)	2.09	(1.58)	6.32
SYY	0.82	(0.07)	0.00	(0.10)	0.00	0.00	1.43	(1.80)	5.28
SPTN	1.32	(0.26)	0.00	(0.28)	0.00	0.00	2.26	(3.34)	16.02
CVGW	1.57	0.11	0.04	0.33	1.48	(2.01)	4.84	(2.66)	14.87
AVO	1.55	0.29	0.21	0.43	1.02	(2.04)	2.43	(2.01)	24.92
UNFI	2.73	0.86	0.27	1.04	2.55	(3.35)	5.19	(4.28)	40.04
ANDE	1.44	(0.19)	0.00	(0.01)	0.00	0.00	2.61	(2.78)	15.56
PFGC	0.93	0.09	0.12	0.17	0.79	(1.09)	2.42	(1.54)	9.40
DIT	2.39	(0.11)	0.00	0.59	0.00	0.00	7.69	(5.43)	20.23

Chefs Warehouse Corporate Management

Christina Polychroni	Chief Officer	Profile
Alexandros JD	Chief Counsel	Profile
Alexandros Aldous	General Counsel and Corporate Secretary	Profile
Timothy McCauley	Chief Officer	Profile

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