Avnet Inc Stock Market Value
| AVT Stock | USD 49.24 0.77 1.59% |
| Symbol | Avnet |
Avnet Inc Price To Book Ratio
Is Avnet'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 Avnet. If investors know Avnet 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 Avnet 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 (0.51) | Dividend Share 1.2 | Earnings Share 7.25 | Revenue Per Share 280.903 | Quarterly Revenue Growth (0.08) |
The market value of Avnet Inc is measured differently than its book value, which is the value of Avnet that is recorded on the company's balance sheet. Investors also form their own opinion of Avnet's value that differs from its market value or its book value, called intrinsic value, which is Avnet'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 Avnet's market value can be influenced by many factors that don't directly affect Avnet'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 Avnet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avnet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avnet'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.
Avnet '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 Avnet'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 Avnet.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Avnet on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Avnet Inc or generate 0.0% return on investment in Avnet over 30 days. Avnet is related to or competes with Insight Enterprises, PC Connection, and Snap One. Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components More
Avnet 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 Avnet'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 Avnet Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.21 |
Avnet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avnet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avnet's standard deviation. In reality, there are many statistical measures that can use Avnet historical prices to predict the future Avnet's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0245 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avnet'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.
Avnet Inc Backtested Returns
We consider Avnet very steady. Avnet Inc secures Sharpe Ratio (or Efficiency) of 0.0456, which signifies that the company had a 0.0456% return per unit of risk over the last 3 months. We have found thirty technical indicators for Avnet Inc, which you can use to evaluate the volatility of the firm. Please confirm Avnet's Risk Adjusted Performance of 0.0266, downside deviation of 1.71, and Mean Deviation of 1.06 to double-check if the risk estimate we provide is consistent with the expected return of 0.0672%. Avnet has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.56, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avnet will likely underperform. Avnet Inc right now shows a risk of 1.47%. Please confirm Avnet Inc downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Avnet Inc will be following its price patterns.
Auto-correlation | 0.09 |
Virtually no predictability
Avnet Inc has virtually no predictability. Overlapping area represents the amount of predictability between Avnet time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Avnet Inc price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Avnet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Avnet Inc lagged returns against current returns
Autocorrelation, which is Avnet 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 Avnet's stock expected returns. We can calculate the autocorrelation of Avnet returns to help us make a trade decision. For example, suppose you find that Avnet 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Avnet 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 Avnet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avnet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avnet stock over time.
Current vs Lagged Prices |
| Timeline |
Avnet Lagged Returns
When evaluating Avnet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avnet stock have on its future price. Avnet 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, Avnet autocorrelation shows the relationship between Avnet stock current value and its past values and can show if there is a momentum factor associated with investing in Avnet Inc.
Regressed Prices |
| Timeline |
Pair Trading with Avnet
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 Avnet 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 Avnet will appreciate offsetting losses from the drop in the long position's value.Moving together with Avnet Stock
| 0.88 | ARW | Arrow Electronics Earnings Call Next Week | PairCorr |
| 0.75 | SNX | Synnex Financial Report 25th of June 2024 | PairCorr |
Moving against Avnet Stock
| 0.64 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.58 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.54 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Avnet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avnet 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 Avnet - 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 Avnet Inc to buy it.
The correlation of Avnet 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 Avnet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avnet 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 Avnet 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.Check out Avnet Correlation, Avnet Volatility and Avnet Alpha and Beta module to complement your research on Avnet. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Avnet Stock analysis
When running Avnet's price analysis, check to measure Avnet'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 Avnet is operating at the current time. Most of Avnet's value examination focuses on studying past and present price action to predict the probability of Avnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avnet's price. Additionally, you may evaluate how the addition of Avnet to your portfolios can decrease your overall portfolio volatility.
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Avnet 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.