Chewy Stock Forecast - Daily Balance Of Power

CHWY
 Stock
  

USD 49.98  1.68  3.48%   

Chewy Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Chewy historical stock prices and determine the direction of Chewy Inc's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Chewy historical fundamentals such as revenue growth or operating cash flow patterns. Although Chewy naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Chewy Inc systematic risk associated with finding meaningful patterns of Chewy fundamentals over time.
Continue to Historical Fundamental Analysis of Chewy to cross-verify your projections.
  
Asset Turnover is likely to rise to 4.95 in 2022. Chewy Weighted Average Shares is fairly stable at the moment as compared to the past year. Chewy reported Weighted Average Shares of 417.22 Million in 2021. Weighted Average Shares Diluted is likely to rise to about 433.9 M in 2022, whereas Issuance Purchase of Equity Shares is likely to drop slightly above 316.8 M in 2022.

Open Interest Agains t 2022-08-19 Chewy Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Chewy's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Chewy's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Chewy stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Chewy's open interest, investors have to compare it to Chewy's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Chewy is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Chewy. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
On May 19, 2022 Chewy Inc had Daily Balance Of Power of 0.3529.
Most investors in Chewy cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Chewy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Chewy's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Chewy Inc market sensitivity to bulls and bears. It estimates the ability of Chewy buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Chewy Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
(0.86)0.3529
Check Chewy VolatilityBacktest ChewyTrend Details  

Chewy Trading Date Momentum

On May 20 2022 Chewy Inc was traded for  24.47  at the closing time. The top price for the day was 25.62  and the lowest listed price was  23.56 . The trading volume for the day was 4 M. The trading history from May 20, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.00% . The overall trading delta against the current closing price is 2.96% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Chewy to competition

Other Forecasting Options for Chewy

For every potential investor in Chewy, whether a beginner or expert, Chewy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Chewy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Chewy. Basic forecasting techniques help filter out the noise by identifying Chewy's price trends.

Chewy Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Chewy stock to make a market-neutral strategy. Peer analysis of Chewy could also be used in its relative valuation, which is a method of valuing Chewy by comparing valuation metrics with similar companies.
Pfizer IncAlibaba Group HoldingHome DepotChevron CorpMcDonalds CorpIntel CorpProcter GambleBoeing CompanyAlphabet Cl AAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 CoveredFranklin Mutual European
 Risk & Return  Correlation

Chewy Inc Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Chewy's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Chewy's current price.

Chewy Risk Indicators

The analysis of Chewy's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Chewy's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Chewy stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chewy without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Global Markets Map Now

   

Global Markets Map

Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
All  Next Launch Module

Pair Trading with Chewy

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 Chewy 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 Chewy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chewy

0.77LQDTLiquidity Services Fiscal Year End 8th of December 2022 PairCorr
0.63AAPLApple Inc Fiscal Year End 27th of October 2022 PairCorr

Moving against Chewy

0.63AMSTAmesite Earnings Call  This WeekPairCorr
0.63ACIAlbertsons Companies Downward RallyPairCorr
0.58APIAgora Inc Ads Earnings Call  This WeekPairCorr
The ability to find closely correlated positions to Chewy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chewy 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 Chewy - 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 Chewy Inc to buy it.
The correlation of Chewy is a statistical measure of how it moves in relation to other equities. 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 Chewy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chewy Inc 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 Chewy 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.
Pair CorrelationCorrelation Matching
Continue to Historical Fundamental Analysis of Chewy to cross-verify your projections. Note that the Chewy Inc information on this page should be used as a complementary analysis to other Chewy'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Chewy Stock analysis

When running Chewy Inc price analysis, check to measure Chewy'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 Chewy is operating at the current time. Most of Chewy's value examination focuses on studying past and present price action to predict the probability of Chewy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Chewy's price. Additionally, you may evaluate how the addition of Chewy to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Is Chewy'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 Chewy. If investors know Chewy 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 Chewy 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 YOY
-0.56
Market Capitalization
21 B
Quarterly Revenue Growth YOY
0.14
Return On Assets
-0.0283
Return On Equity
-1.47
The market value of Chewy Inc is measured differently than its book value, which is the value of Chewy that is recorded on the company's balance sheet. Investors also form their own opinion of Chewy's value that differs from its market value or its book value, called intrinsic value, which is Chewy'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 Chewy's market value can be influenced by many factors that don't directly affect Chewy'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 Chewy's value and its price as these two are different measures arrived at by different means. Investors typically determine Chewy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chewy'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.