Avantor Correlations

Stocks . USA . 
Stock . Avantor
AVTR Stock  USD 20.89  0.13  0.62%   
The correlation of Avantor 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 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.
Check out Trending Equities. To learn how to invest in Avantor Stock please use our How to Invest in Avantor guide.
  
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

+0.61ACADACADIA Pharmaceuticals Fiscal Quarter End 31st of March 2023 PairCorr
+0.79ACHVAchieve Life Sciences Fiscal Quarter End 31st of March 2023 PairCorr
+0.7ACIUAC Immune Fiscal Quarter End 31st of March 2023 PairCorr
+0.81ACORAcorda Therapeutics Fiscal Quarter End 31st of March 2023 PairCorr
+0.67ADMPAdamis Pharma Fiscal Quarter End 31st of March 2023 PairCorr
+0.61ADPTAdaptive Biotechnologies Upward RallyPairCorr

Moving against Avantor

-0.67ABBVAbbVie Inc Fiscal Quarter End 31st of March 2023 PairCorr
-0.52ABIOARCA Biopharma Fiscal Quarter End 31st of March 2023 PairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
ACB
+ 0.89
A
ACHV
+ 0.84
ACAD
ACIU
+ 0.81
ACAD
ACIU
+ 0.81
ACHV
ACAD
+ 0.8
ABUS
ACHV
+ 0.76
ABUS
  
High negative correlations   
ACHV
- 0.81
ABIO
ACHV
- 0.8
ABBV
ACIU
- 0.73
ABBV
ACAD
- 0.67
ABIO
ACER
- 0.66
ABUS
ABUS
- 0.65
ABBV

Risk-Adjusted Indicators

Nowadays, there is a big difference between Avantor Stock performing well and Avantor company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Avantor's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
A 1.29 (0.13)  0.00 (0.14)  0.00 (0.08)  0.00  2.08 (2.92)  8.53 
ABBV 0.93 (0.01)  0.00 (0.06)  0.00  0.0017  0.00  1.75 (2.18)  5.01 
ABEO 3.63  0.26  0.06  0.12  4.09  0.0465 (4.51)  9.22 (6.69)  30.04 
ABIO 1.34 (0.21)  0.00 (1.13)  0.00 (0.11)  0.00  2.48 (2.80)  7.67 
ABUS 2.06  0.38  0.13  0.32  2.24  0.13 (2.42)  5.71 (4.07)  16.42 
ACAD 2.04  0.34  0.17  0.27  1.82  0.13 (2.72)  5.00 (3.87)  12.64 
ACB 3.05 (0.36)  0.00 (0.20)  0.00 (0.1)  0.00  7.22 (6.19)  17.45 
ACER 5.05 (1.46)  0.00 (0.56)  0.00 (0.15)  0.00  7.02 (10.36)  73.34 
ACHV 4.04  1.18  0.25  0.65  3.91  0.21 (4.83)  8.75 (5.96)  38.02 
ACIU 2.89  0.36  0.10  0.21  3.22  0.09 (3.31)  7.14 (5.08)  19.20 

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.

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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 MassaroIndependent DirectorProfile
Lan KangIndependent DirectorProfile
Tanya FoxeExecutive Vice President - Global Operations and Supply ChainProfile
Mala MurthyIndependent DirectorProfile

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 Shape 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.
Check out Trending Equities. To learn how to invest in Avantor Stock please use our How to Invest in Avantor guide. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for analysis

When running Avantor 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 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
0.687
Earnings Share
1
Revenue Per Share
11.542
Quarterly Revenue Growth
(0.06) 
Return On Assets
0.0526
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.
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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 Avantor value 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.
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