Avantor Correlations
| AVTR Stock | USD 24.30 0.08 0.33% |
The correlation of Avantor 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 Avantor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avantor 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 Avantor and NYA is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantor and NYA in the same portfolio, assuming nothing else is changed.
Avantor |
The ability to find closely correlated positions to Avantor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avantor 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 Avantor - 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 Avantor to buy it.
Moving together with Avantor Stock
| 0.85 | A | Agilent Technologies Financial Report 28th of May 2024 | PairCorr |
| 0.8 | EQ | Equillium Financial Report 9th of May 2024 | PairCorr |
| 0.66 | VANI | Vivani Medical | PairCorr |
| 0.65 | DNLI | Denali Therapeutics Financial Report 13th of May 2024 | PairCorr |
| 0.85 | DNTH | Dianthus Therapeutics Symbol Change | PairCorr |
| 0.67 | VCEL | Vericel Corp Ord Financial Report 8th of May 2024 | PairCorr |
| 0.77 | VERA | Vera Therapeutics Downward Rally | PairCorr |
Moving against Avantor Stock
| 0.83 | KA | Kineta Inc Financial Report 9th of May 2024 | PairCorr |
| 0.81 | CDIOW | Cardio Diagnostics | PairCorr |
| 0.8 | VCYT | Veracyte Financial Report 2nd of May 2024 | PairCorr |
| 0.77 | DMTK | DermTech Financial Report 2nd of May 2024 | PairCorr |
| 0.72 | ME | 23Andme Holding | PairCorr |
| 0.72 | DRUG | Bright Minds Biosciences | PairCorr |
| 0.68 | SABSW | SAB Biotherapeutics | PairCorr |
| 0.62 | VALN | Valneva SE ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.58 | DRTS | Alpha Tau Medical Financial Report 28th of May 2024 | PairCorr |
| 0.53 | VIRI | Virios Therapeutics Llc Financial Report 9th of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Avantor Stock performing well and Avantor 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 Avantor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASH | 1.10 | 0.22 | 0.16 | 0.72 | 0.97 | 1.93 | 18.98 | |||
| FUL | 0.99 | (0.10) | 0.00 | (0.03) | 0.00 | 1.74 | 6.20 | |||
| ESI | 1.11 | 0.03 | 0.05 | 0.07 | 1.17 | 2.59 | 5.22 | |||
| BCPC | 1.09 | (0.03) | (0.01) | 0.02 | 1.29 | 2.02 | 8.38 | |||
| AXTA | 0.90 | (0.11) | 0.00 | (0.04) | 0.00 | 1.60 | 6.21 | |||
| AVNT | 1.30 | 0.11 | 0.09 | 0.10 | 1.52 | 2.27 | 11.49 | |||
| KWR | 1.13 | (0.16) | 0.00 | (0.05) | 0.00 | 2.10 | 6.68 | |||
| CBT | 1.29 | 0.21 | 0.18 | 0.16 | 1.16 | 3.21 | 10.40 | |||
| SXT | 1.42 | 0.05 | 0.05 | 0.07 | 1.75 | 2.96 | 8.21 | |||
| IOSP | 1.02 | (0.03) | 0.00 | 0.03 | 1.21 | 1.76 | 7.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Avantor 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.Did you try this?
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SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
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Avantor Corporate Management
Elected by the shareholders, the Avantor's board of directors comprises two types of representatives: Avantor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avantor. The board's role is to monitor Avantor's management team and ensure that shareholders' interests are well served. Avantor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Avantor's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Massaro | Independent Director | Profile | |
| Christophe MBA | Executive AMEA | Profile | |
| Lan Kang | Independent Director | Profile | |
| Tanya Foxe | Executive Vice President - Global Operations and Supply Chain | Profile |
Already Invested in Avantor?
The danger of trading Avantor 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 Avantor 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 Avantor. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Avantor 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.
When determining whether Avantor is a strong investment it is important to analyze Avantor's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avantor's future performance. For an informed investment choice regarding Avantor Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Avantor Stock, please use our How to Invest in Avantor guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Avantor Stock analysis
When running Avantor's price analysis, check to measure Avantor'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 Avantor is operating at the current time. Most of Avantor's value examination focuses on studying past and present price action to predict the probability of Avantor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avantor's price. Additionally, you may evaluate how the addition of Avantor to your portfolios can decrease your overall portfolio volatility.
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Is Avantor'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 Avantor. If investors know Avantor 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 Avantor 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 (0.33) | Earnings Share 0.47 | Revenue Per Share 10.313 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0425 |
The market value of Avantor is measured differently than its book value, which is the value of Avantor that is recorded on the company's balance sheet. Investors also form their own opinion of Avantor's value that differs from its market value or its book value, called intrinsic value, which is Avantor'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 Avantor's market value can be influenced by many factors that don't directly affect Avantor'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 Avantor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avantor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avantor'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.