The Chef's Warehouse Inc (CHEF) Correlation Distribution
Across 6,809 rolling correlation observations between The Chef's Warehouse Inc (CHEF) and other NASDAQ-listed stocks, 43.7% are positive and 56.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.003, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.003
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.7%
- Strong positive (≥0.7)
- 10%
- Sector
- Wholesale-Groceries, General Line
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 34 | 0.5% | |
| -0.7 to -0.6 | 376 | 5.5% | |
| -0.6 to -0.5 | 376 | 5.5% | |
| -0.5 to -0.4 | 701 | 10.3% | |
| -0.4 to -0.3 | 701 | 10.3% | |
| -0.3 to -0.2 | 629 | 9.2% | |
| -0.2 to -0.1 | 629 | 9.2% | |
| -0.1 to 0.0 | 350 | 5.1% | |
| 0.0 to 0.1 | 350 | 5.1% | |
| 0.1 to 0.2 | 331 | 4.9% | |
| 0.2 to 0.3 | 331 | 4.9% | |
| 0.3 to 0.4 | 281 | 4.1% | |
| 0.4 to 0.5 | 280 | 4.1% | |
| 0.5 to 0.6 | 361 | 5.3% | |
| 0.6 to 0.7 | 360 | 5.3% | |
| 0.7 to 0.8 | 338 | 5.0% | |
| 0.8 to 0.9 | 338 | 5.0% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of CHEF?
The Chef's Warehouse Inc (CHEF) has an average correlation of about 0.003 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CHEF positively correlated with other stocks?
Not predominantly — 43.7% of pairs are positive and 56.3% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for CHEF?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.5% of all pairs.
Explore the full interactive correlation distribution for CHEF.
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