Advantage Solutions Correlations
| ADV Stock | USD 0.52 0 0.83% |
The current 90-days correlation between Advantage Solutions and Vivid Seats is 0.38 (i.e., Weak 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 -0.47 (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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Moving together with Advantage Stock
| 0.74 | IQ | iQIYI Inc | PairCorr |
| 0.75 | WA7 | Seven West Media | PairCorr |
| 0.8 | NC0B | News | PairCorr |
| 0.69 | WIMI | WiMi Hologram Cloud | PairCorr |
Moving against Advantage Stock
| 0.69 | MJG1 | Major Cineplex Group | PairCorr |
| 0.43 | SCG | Sporting Clube de | PairCorr |
| 0.42 | 32GA | Thunderbird Entertainment | PairCorr |
| 0.4 | SJ | Scienjoy Holding Corp | PairCorr |
| 0.8 | BATRK | Atlanta Braves Holdings Earnings Call This Week | PairCorr |
| 0.79 | BATRA | Atlanta Braves Holdings | PairCorr |
| 0.49 | LVO | LiveOne | PairCorr |
| 0.36 | CNK | Cinemark Holdings | PairCorr |
| 0.69 | LYV | Live Nation Entertainment | PairCorr |
| 0.66 | MCS | Marcus | PairCorr |
| 0.5 | TKO | TKO Group Holdings Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.39 | 0.34 | -0.59 | 0.01 | -0.59 | RNWWW | ||
| 0.39 | 0.55 | -0.37 | 0.15 | -0.36 | SEAT | ||
| 0.34 | 0.55 | -0.34 | 0.53 | -0.32 | IQ | ||
| -0.59 | -0.37 | -0.34 | 0.16 | 0.76 | SJ | ||
| 0.01 | 0.15 | 0.53 | 0.16 | 0.18 | ZH | ||
| -0.59 | -0.36 | -0.32 | 0.76 | 0.18 | SCG | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RNWWW | 15.78 | 2.05 | 0.10 | 7.37 | 14.14 | 60.00 | 142.11 | |||
| SEAT | 3.87 | (0.47) | 0.00 | (0.15) | 0.00 | 6.61 | 29.57 | |||
| IQ | 2.01 | (0.49) | 0.00 | (0.40) | 0.00 | 3.98 | 10.91 | |||
| SJ | 5.70 | 1.23 | 0.22 | (5.07) | 4.57 | 12.73 | 39.34 | |||
| ZH | 2.34 | (0.29) | 0.00 | (0.37) | 0.00 | 3.62 | 22.47 | |||
| SCG | 2.63 | 0.39 | 0.05 | 0.95 | 4.02 | 7.78 | 43.44 |
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 |