Avalon Advanced Correlations

AVL Stock  CAD 0.08  0.00  0.00%   
The correlation of Avalon Advanced 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avalon Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avalon Advanced Materials 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.

Good diversification

The correlation between Avalon Advanced Materials and NYA is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avalon Advanced Materials and NYA 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 Avalon Advanced Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
  
The ability to find closely correlated positions to Avalon Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avalon Advanced 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 Avalon Advanced - 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 Avalon Advanced Materials to buy it.

Moving against Avalon Stock

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  0.67MSFT Microsoft Corp CDRPairCorr
  0.66JPM JPMorgan ChasePairCorr
  0.64BOFA Bank of AmericaPairCorr
  0.61WMT Walmart Inc CDRPairCorr
  0.61BNS Bank of Nova ScotiaPairCorr

Related Correlations Analysis

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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   
EXNZDC
TNXZDC
EXNTNX
ZDCRIO
EXNRIO
TNXRIO
  
High negative correlations   
CDRTGO
TNXCDR
METGO
MESBR
EXNSBR
TNXSBR

Risk-Adjusted Indicators

There is a big difference between Avalon Stock performing well and Avalon Advanced 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 Avalon Advanced'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Avalon Advanced without increasing your portfolio risk or giving up the 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.

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Avalon Advanced Corporate Directors

Avalon Advanced corporate directors refer to members of an Avalon Advanced board of directors. The board of directors generally takes responsibility for the Avalon Advanced's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Avalon Advanced's board members must vote for the resolution. The Avalon Advanced board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Kenneth ThomasIndependent DirectorProfile
Larry FontaineIndependent DirectorProfile
Patricia MohrDirectorProfile
Jane PagelIndependent DirectorProfile

Already Invested in Avalon Advanced Materials?

The danger of trading Avalon Advanced Materials is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Avalon Advanced is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Avalon Advanced. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Avalon Advanced Materials is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avalon Advanced Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Avalon Advanced's price analysis, check to measure Avalon Advanced'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 Avalon Advanced is operating at the current time. Most of Avalon Advanced's value examination focuses on studying past and present price action to predict the probability of Avalon Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avalon Advanced's price. Additionally, you may evaluate how the addition of Avalon Advanced to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Avalon Advanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avalon Advanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avalon Advanced'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.