Avi Correlations
| AVI Stock | 11,326 115.00 1.03% |
The current 90-days correlation between Avi and Quantum Foods Holdings is -0.04 (i.e., Good diversification). The correlation of Avi 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.
Avi Correlation With Market
Very poor diversification
The correlation between Avi and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avi and DJI in the same portfolio, assuming nothing else is changed.
Avi |
The ability to find closely correlated positions to Avi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avi 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 Avi - 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 Avi to buy it.
Moving together with Avi Stock
| 0.65 | BRT | Brimstone Investment | PairCorr |
| 0.81 | MTN | MTN Group | PairCorr |
| 0.86 | GRT | Growthpoint Properties | PairCorr |
| 0.89 | RDF | Redefine Properties | PairCorr |
| 0.88 | GLN | Glencore PLC Earnings Call This Week | PairCorr |
| 0.79 | BVT | Bidvest Group | PairCorr |
| 0.88 | VOD | Vodacom Group | PairCorr |
| 0.78 | SSW | Sibanye Stillwater Earnings Call This Week | PairCorr |
| 0.87 | OMU | Old Mutual | PairCorr |
| 0.88 | KIO | Kumba Iron Ore Earnings Call This Week | PairCorr |
| 0.84 | NED | Nedbank Group | PairCorr |
| 0.88 | S32 | South32 | PairCorr |
| 0.86 | BHG | BHP Group Limited Earnings Call Today | PairCorr |
| 0.88 | SBK | Standard Bank Group | PairCorr |
| 0.74 | SAC | SA Corporate Real | PairCorr |
| 0.86 | PMR | Premier Group | PairCorr |
| 0.88 | CPI | Capitec Bank Holdings | PairCorr |
| 0.83 | ANG | AngloGold Ashanti Earnings Call This Week | PairCorr |
| 0.86 | FSR | Firstrand | PairCorr |
| 0.77 | NPH | Northam Platinum Holdings | PairCorr |
| 0.64 | KP2 | Kore Potash Plc | PairCorr |
| 0.81 | HMN | Hammerson PLC | PairCorr |
| 0.87 | RFG | RFG Holdings | PairCorr |
| 0.77 | IMP | Impala Platinum Holdings | PairCorr |
| 0.67 | FBR | Famous Brands | PairCorr |
Moving against Avi Stock
Related Correlations Analysis
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 Avi Stock performing well and Avi 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 Avi's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADH | 0.81 | 0.19 | 0.14 | (11.17) | 0.71 | 2.23 | 5.64 | |||
| KIO | 1.46 | 0.14 | 0.04 | 12.94 | 1.91 | 2.50 | 9.81 | |||
| QFH | 3.15 | 0.40 | 0.05 | (0.86) | 3.80 | 9.75 | 34.90 | |||
| FTH | 1.81 | 0.07 | 0.00 | (1.02) | 2.60 | 5.64 | 16.21 | |||
| SRI | 1.72 | 0.04 | (0.01) | (0.43) | 2.26 | 3.39 | 10.39 | |||
| HCI | 1.73 | 0.29 | 0.12 | 2.21 | 1.70 | 5.60 | 11.93 | |||
| SBPP | 0.45 | (0.05) | 0.00 | 0.86 | 0.00 | 1.00 | 3.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Avi 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.Did you try this?
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Avi Corporate Management
Elected by the shareholders, the Avi's board of directors comprises two types of representatives: Avi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avi. The board's role is to monitor Avi's management team and ensure that shareholders' interests are well served. Avi'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, Avi's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Catherine Makin | Ex Marketing | Profile | |
| John JankovichBesan | Chief IJ | Profile | |
| Roger Coppin | MD Brands | Profile | |
| Sureya Scheepers | Company Sec | Profile | |
| Gaynor Poretti | Entyce Snackworks | Profile |