Chewy Correlations

CHWY Stock

USD 39.17 1.11 2.92%

The current 90-days correlation between Chewy Inc and Wayfair is -0.06 (i.e., Good diversification). The correlation of Chewy 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.

Chewy Correlation With Market

Modest diversification

The correlation between Chewy Inc and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chewy Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Chewy Stock

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

Moving together with Chewy Stock

0.69	FL	Foot Locker	Pair Corr
0.66	VSCO	Victorias Secret	Pair Corr
0.62	EBAY	eBay Inc	Pair Corr
0.75	EDUC	Educational Development	Pair Corr
0.62	ETSY	Etsy Inc	Pair Corr
0.78	WINA	Winmark	Pair Corr
0.74	EVGO	Evgo Inc Buyout Trend	Pair Corr
0.64	FIVE	Five Below	Pair Corr
0.78	AKA	AKA Brands Holding	Pair Corr

Moving against Chewy Stock

0.65	FLWS	1 800 FLOWERSCOM	Pair Corr
0.5	AZI	Autozi Internet Tech	Pair Corr

Related Correlations Analysis

	ETSY	W	PDD	GLBE	SE	PTON	DOCU	PINS	CRWD
ETSY		0.76	-0.26	-0.28	0.65	0.42	-0.12	0.75	0.68	ETSY
W	0.76		0.03	-0.31	0.65	0.26	-0.26	0.95	0.89	W
PDD	-0.26	0.03		0.36	0.36	0.24	0.45	0.18	0.08	PDD
GLBE	-0.28	-0.31	0.36		-0.25	0.13	0.3	-0.3	-0.28	GLBE
SE	0.65	0.65	0.36	-0.25		0.59	0.37	0.78	0.72	SE
PTON	0.42	0.26	0.24	0.13	0.59		0.31	0.32	0.47	PTON
DOCU	-0.12	-0.26	0.45	0.3	0.37	0.31		-0.11	-0.11	DOCU
PINS	0.75	0.95	0.18	-0.3	0.78	0.32	-0.11		0.87	PINS
CRWD	0.68	0.89	0.08	-0.28	0.72	0.47	-0.11	0.87		CRWD
	ETSY	W	PDD	GLBE	SE	PTON	DOCU	PINS	CRWD

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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

PINS	+ 0.95	W
CRWD	+ 0.89	W
CRWD	+ 0.87	PINS
PINS	+ 0.78	SE
W	+ 0.76	ETSY
PINS	+ 0.75	ETSY

High negative correlations

GLBE	- 0.31	W
PINS	- 0.3	GLBE
CRWD	- 0.28	GLBE
GLBE	- 0.28	ETSY
DOCU	- 0.26	W
PDD	- 0.26	ETSY

Risk-Adjusted Indicators

There is a big difference between Chewy Stock performing well and Chewy 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 Chewy'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
ETSY	2.05	0.41	0.14	0.73	2.12	(2.11)	4.45	(3.99)	11.69
W	3.11	0.80	0.36	0.40	2.22	(3.84)	8.60	(4.51)	25.22
PDD	1.53	0.17	0.04	0.50	2.72	(1.72)	4.22	(2.38)	19.77
GLBE	1.87	(0.11)	(0.01)	0.06	3.75	(1.87)	3.91	(3.41)	28.78
SE	1.76	0.51	0.18	1.62	1.79	(1.90)	3.58	(3.67)	14.10
PTON	3.22	0.01	0.03	0.14	3.62	(3.77)	7.79	(6.73)	23.85
DOCU	2.05	(0.03)	0.00	0.11	3.89	(2.13)	4.38	(4.05)	24.45
PINS	1.69	0.38	0.27	0.40	1.13	(2.16)	4.88	(2.10)	15.07
CRWD	1.91	0.23	0.10	0.35	2.23	(2.17)	3.73	(4.21)	13.11

Chewy Corporate Management

Lisa Sibenac	Director	Profile
Sharon McCollam	Independent Director	Profile
Orlena Yeung	Chief Officer	Profile
David Reeder	Chief Officer	Profile
Brian McAndrews	Independent Director	Profile
Shivakumar Menon	Principal Care	Profile

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