Advantage Solutions Correlations

ADV Stock

USD 0.76 0.03 4.11%

The current 90-days correlation between Advantage Solutions and National CineMedia is 0.28 (i.e., Modest diversification). The correlation of Advantage Solutions 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Advantage Solutions Correlation With Market

Very good diversification

The correlation between Advantage Solutions and DJI is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advantage Solutions and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Advantage Stock please use our How to Invest in Advantage Solutions guide.

Moving together with Advantage Stock

0.66	NFLX	Netflix	Pair Corr
0.81	SEAT	Vivid Seats	Pair Corr
0.71	UPXI	Upexi Inc Earnings Call This Week	Pair Corr

Moving against Advantage Stock

0.75	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.6	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.67	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.63	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.59	JNJ	Johnson Johnson	Pair Corr
0.55	FCAP	First Capital Downward Rally	Pair Corr
0.48	BA	Boeing	Pair Corr
0.46	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.43	GGLDF	Getchell Gold Corp	Pair Corr
0.41	CAT	Caterpillar	Pair Corr
0.39	NFG	National Fuel Gas	Pair Corr
0.39	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.34	INTC	Intel Aggressive Push	Pair Corr
0.33	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	NCMI	BOC	IHRT	TTGT	GTN	PERI	WOW	AMCX	ATEX	NEXN
NCMI		0.34	0.41	-0.11	0.45	0.7	-0.73	0.29	-0.77	0.57	NCMI
BOC	0.34		0.32	0.25	0.56	0.35	-0.34	0.56	-0.21	0.11	BOC
IHRT	0.41	0.32		0.06	0.75	0.53	-0.64	0.55	-0.56	0.38	IHRT
TTGT	-0.11	0.25	0.06		0.17	0.05	0.19	0.33	0.32	-0.2	TTGT
GTN	0.45	0.56	0.75	0.17		0.59	-0.67	0.73	-0.42	0.29	GTN
PERI	0.7	0.35	0.53	0.05	0.59		-0.67	0.63	-0.57	0.16	PERI
WOW	-0.73	-0.34	-0.64	0.19	-0.67	-0.67		-0.5	0.81	-0.49	WOW
AMCX	0.29	0.56	0.55	0.33	0.73	0.63	-0.5		-0.18	-0.16	AMCX
ATEX	-0.77	-0.21	-0.56	0.32	-0.42	-0.57	0.81	-0.18		-0.69	ATEX
NEXN	0.57	0.11	0.38	-0.2	0.29	0.16	-0.49	-0.16	-0.69		NEXN
	NCMI	BOC	IHRT	TTGT	GTN	PERI	WOW	AMCX	ATEX	NEXN

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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

ATEX	+ 0.81	WOW
GTN	+ 0.75	IHRT
AMCX	+ 0.73	GTN
PERI	+ 0.7	NCMI
AMCX	+ 0.63	PERI
PERI	+ 0.59	GTN

High negative correlations

ATEX	- 0.77	NCMI
WOW	- 0.73	NCMI
NEXN	- 0.69	ATEX
WOW	- 0.67	PERI
WOW	- 0.67	GTN
WOW	- 0.64	IHRT

Risk-Adjusted Indicators

There is a big difference between Advantage Stock performing well and Advantage Solutions 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 Advantage Solutions' 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
NCMI	1.65	(0.42)	0.00	(0.20)	0.00	0.00	4.00	(3.74)	13.16
BOC	1.35	(0.05)	0.00	(0.04)	0.00	0.00	2.62	(2.61)	16.99
IHRT	3.58	0.25	0.07	0.36	3.23	(5.06)	12.38	(5.90)	44.17
TTGT	2.29	(0.13)	(0.03)	0.00	2.82	(2.53)	5.93	(5.15)	15.02
GTN	2.34	(0.14)	0.00	(0.02)	0.00	0.00	5.13	(4.31)	13.88
PERI	1.43	(0.19)	0.00	(0.07)	0.00	0.00	2.82	(3.15)	14.14
WOW	13.76	6.71	12.88	1.61	0.00	(16.94)	0.92	(0.49)	462.61
AMCX	1.98	(0.02)	(0.01)	0.06	2.15	(2.39)	4.54	(3.58)	13.26
ATEX	2.64	0.57	0.17	1.04	2.58	(2.84)	8.68	(4.69)	20.21
NEXN	2.04	(0.60)	0.00	(0.34)	0.00	0.00	3.21	(4.93)	24.48

Advantage Solutions Corporate Management

Sean Choksi	Executive Officer	Profile
Corey Weiner	Pres Technology	Profile
Jack Pestello	Executive Officer	Profile
Dean Kaye	Chief America	Profile
Dean General	Chief Services	Profile
George Johnson	Chief Officer	Profile

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