On a scale of 0 to 100, Avient Corp holds a
performance score of 12. The firm shows a Beta (market volatility) of 0.146, which signifies not very significant fluctuations relative to the market. Let's try to break down what Avient's beta means in this case. As returns on the market increase, Avient Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Avient Corp will be expected to be smaller as well. Although it is vital to follow
Avient Corp historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing
future performance of any stock is to evaluate the business as a whole together with its past performance, including all
available fundamental and
technical indicators. By analyzing
Avient Corp technical indicators, you can presently evaluate if the expected return of 0.47% will be sustainable into the future. Please makes use of Avient Corp
sortino ratio, as well as the
relationship between the semi variance and
rate of daily change to make a quick decision on whether Avient Corp
price patterns will revert.
What is the right price you would pay to acquire a share of Avient Corp? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the
future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our
stock advisor page.
What is happening with Avient Corp this year
Annual and quarterly reports issued by Avient Corp are formal
financial statements that are published yearly and quarterly and sent to Avient stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the
Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Avient Corp often view their annual report as an effective marketing tool to disseminate their perspective on company
future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
Avient Corp Gross Profit
Avient Corp Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Avient Corp previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Avient Corp Gross Profit growth over the last 10 years. Please check Avient Corp's
gross profit and other
fundamental indicators for more details.
Breaking it down a bit more
Earning per share calculations of the company is based on official Zacks consensus of 4 analysts regarding Avient Corp's future annual earnings. Given the historical accuracy of 97.52%, the future earnings per share of the company is estimated to be 1.58 with the lowest and highest values of 1.5 and 1.72, respectively. Please note that this consensus of annual earnings estimates for Avient Corp is an estimate of EPS before non-recurring items and including employee stock options expenses.
Is Avient a risky opportunity?
Let's check the volatility. Avient is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Avient (NYSE:AVNT) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. acquiring a share of an Avient Corp stock makes you a part-owner of that company.
Avient Corp Current Consensus
Here is the newest trade recommendation based on an ongoing consensus estimate among financial analysis covering Avient Corp. The Avient consensus assessment is calculated by taking the average estimates from all of the analysts covering Avient Corp
| Strong Buy | 6 | 66.67 |
| Buy | 0 | 0.0 |
| Hold | 3 | 33.33 |
| Sell | 0 | 0.0 |
| Strong Sell | 0 | 0.0 |
Our take on today Avient Corp gain
Skewness is down to 0.25. It may call for a possible volatility drop. Avient Corp currently demonstrates below-verage downside deviation. It has Information Ratio of 0.14 and Jensen Alpha of 0.4. However, we do advice investors to further question Avient Corp expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.
The Bottom Line
Whereas other entities within the specialty chemicals industry are still a little expensive, even after the recent corrections, Avient Corp may offer a potential longer-term growth to private investors. To conclude, as of the 3rd of November 2020, our present 30 days buy-or-sell advice on the firm is
Strong Buy. We believe Avient Corp is currently
fairly valued with
close to average chance of financial distress for the next two years.
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Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Avient Corp. Please refer to our
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