Chewy Stock Market Value

CHWY -  USA Stock  

USD 27.11  1.57  6.15%

Chewy's market value is the price at which a share of Chewy stock trades on a public exchange. It measures the collective expectations of Chewy Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Chewy Inc and determine expected loss or profit from investing in Chewy over a given investment horizon. Continue to Chewy Hype Analysis, Chewy Correlation, Chewy Valuation, Chewy Volatility, as well as analyze Chewy Alpha and Beta and Chewy Performance.
Symbol
Backtest


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.
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.

Chewy '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 Chewy'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 Chewy.
0.00
04/28/2022
No Change 0.00  0.0 
In 31 days
05/28/2022
0.00
If you would invest  0.00  in Chewy on April 28, 2022 and sell it all today you would earn a total of 0.00 from holding Chewy Inc or generate 0.0% return on investment in Chewy over 30 days. Chewy is related to or competes with Farfetch, Mercadolibre, EBay, Mogu Inc, and Parts ID. Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States

Chewy 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 Chewy'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 Chewy Inc upside and downside potential and time the market with a certain degree of confidence.

Chewy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chewy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chewy's standard deviation. In reality, there are many statistical measures that can use Chewy historical prices to predict the future Chewy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chewy'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. Please use the tools below to analyze the current value of Chewy in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
19.9825.9431.90
Details
Intrinsic
Valuation
LowReal ValueHigh
24.4041.8247.78
Details
17 Analysts
Consensus
LowTarget PriceHigh
55.0086.31133.00
Details
Earnings
Estimates (6)
LowProjected EPSHigh
-0.13-0.070.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chewy. Your research has to be compared to or analyzed against Chewy's peers to derive any actionable benefits. When done correctly, Chewy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chewy Inc.

Chewy Inc Backtested Returns

Chewy Inc secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had -0.11% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Chewy Inc exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chewy Inc mean deviation of 4.83, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 2.5848, which signifies a somewhat significant risk relative to the market. Let's try to break down what Chewy's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chewy will likely underperform. Even though it is essential to pay attention to Chewy Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Chewy Inc exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Chewy Inc has an expected return of -0.67%. Please be advised to confirm Chewy Inc jensen alpha, as well as the relationship between the potential upside and accumulation distribution to decide if Chewy Inc performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.26  

Poor predictability

Chewy Inc has poor predictability. Overlapping area represents the amount of predictability between Chewy time series from 28th of April 2022 to 13th of May 2022 and 13th of May 2022 to 28th of May 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chewy Inc price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Chewy price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test0.13
Residual Average0.0
Price Variance2.2

Chewy Inc lagged returns against current returns

Autocorrelation, which is Chewy 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 Chewy's stock expected returns. We can calculate the autocorrelation of Chewy returns to help us make a trade decision. For example, suppose you find that Chewy stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Chewy 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 Chewy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chewy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chewy stock over time.
 Current vs Lagged Prices 
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      Timeline 

Chewy Lagged Returns

When evaluating Chewy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chewy stock have on its future price. Chewy 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, Chewy autocorrelation shows the relationship between Chewy stock current value and its past values and can show if there is a momentum factor associated with investing in Chewy Inc.
 Regressed Prices 
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      Timeline 

Chewy Investors Sentiment

The influence of Chewy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Chewy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Chewy Implied Volatility

    
  185.01  
Chewy's implied volatility exposes the market's sentiment of Chewy Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Chewy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Chewy stock will not fluctuate a lot when Chewy's options are near their expiration.
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 Chewy 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, Chewy's short interest history, or implied volatility extrapolated from Chewy options trading.

Current Sentiment - CHWY

Chewy Inc Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Chewy Inc. What is your opinion about investing in Chewy Inc? Are you bullish or bearish?
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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.

Chewy Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Chewy Hype Analysis, Chewy Correlation, Chewy Valuation, Chewy Volatility, as well as analyze Chewy Alpha and Beta and Chewy Performance. 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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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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.
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Chewy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Chewy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chewy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...