Avient Corp Correlations

AVNT Stock

USD 42.30 0.19 0.45%

The current 90-days correlation between Avient Corp and H B Fuller is 0.68 (i.e., Poor diversification). The correlation of Avient Corp 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.

Avient Corp Correlation With Market

Poor diversification

The correlation between Avient Corp and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avient Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avient Stock

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

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

Moving together with Avient Stock

0.88	WCH	Wacker Chemie AG	Pair Corr
0.95	CE	Celanese	Pair Corr
0.82	FF	FutureFuel Corp	Pair Corr
0.94	EMSN	EMS CHEMIE HOLDING	Pair Corr
0.85	SZ8	Sumitomo Bakelite	Pair Corr
0.82	LXS	LANXESS Aktiengesellscha	Pair Corr
0.84	EMB	5N PLUS	Pair Corr
0.96	2CU	Chemours	Pair Corr
0.74	SQU	Vinci S A	Pair Corr
0.88	22E	TRI CHEMICAL LABORATINC	Pair Corr
0.71	SAO	Sasol	Pair Corr
0.85	AFW	Align Technology	Pair Corr
0.92	K1W	Kronos Worldwide	Pair Corr
0.88	FMV	First Majestic Silver	Pair Corr
0.9	18RA	Select Energy Services	Pair Corr
0.99	PY9	Avient	Pair Corr
0.84	RP8	RPM International	Pair Corr
0.94	NPV	Nippon Carbon	Pair Corr
0.81	OCT	Innospec	Pair Corr
0.8	ALB	Albemarle Corp	Pair Corr
0.71	ASH	Ashland Global Holdings	Pair Corr
0.94	ECL	Ecolab Inc	Pair Corr
0.94	ESI	Element Solutions	Pair Corr
0.83	FUL	H B Fuller	Pair Corr
0.74	AP3	Air Products	Pair Corr
0.94	IFF	International Flavors	Pair Corr

Moving against Avient Stock

0.94	M5S	Marna Beteiligungen	Pair Corr
0.85	UT8	Uber Technologies	Pair Corr
0.81	NANO	Nano One Materials	Pair Corr
0.55	4QT1	HEXPOL AB	Pair Corr
0.56	GIN1	Givaudan SA	Pair Corr
0.41	7YC	Synthomer plc	Pair Corr
0.92	FSI	Flexible Solutions	Pair Corr
0.82	NEU	NewMarket	Pair Corr

Related Correlations Analysis

	FUL	HWKN	WDFC	CBT	CENX	PRM	OLN	MEOH	ASH	SXT
FUL		0.37	0.72	0.87	0.77	-0.11	0.85	0.77	0.71	0.25	FUL
HWKN	0.37		0.0	0.48	0.52	0.53	0.47	0.5	0.66	0.24	HWKN
WDFC	0.72	0.0		0.79	0.74	-0.55	0.73	0.76	0.53	0.09	WDFC
CBT	0.87	0.48	0.79		0.9	-0.07	0.92	0.95	0.87	0.23	CBT
CENX	0.77	0.52	0.74	0.9		-0.14	0.85	0.96	0.82	0.25	CENX
PRM	-0.11	0.53	-0.55	-0.07	-0.14		-0.04	-0.13	0.22	0.19	PRM
OLN	0.85	0.47	0.73	0.92	0.85	-0.04		0.87	0.78	0.34	OLN
MEOH	0.77	0.5	0.76	0.95	0.96	-0.13	0.87		0.85	0.18	MEOH
ASH	0.71	0.66	0.53	0.87	0.82	0.22	0.78	0.85		0.16	ASH
SXT	0.25	0.24	0.09	0.23	0.25	0.19	0.34	0.18	0.16		SXT
	FUL	HWKN	WDFC	CBT	CENX	PRM	OLN	MEOH	ASH	SXT

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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

MEOH	+ 0.96	CENX
MEOH	+ 0.95	CBT
OLN	+ 0.92	CBT
CENX	+ 0.9	CBT
CBT	+ 0.87	FUL
ASH	+ 0.87	CBT

High negative correlations

PRM	- 0.55	WDFC
PRM	- 0.14	CENX
MEOH	- 0.13	PRM
PRM	- 0.11	FUL
PRM	- 0.07	CBT
OLN	- 0.04	PRM

Risk-Adjusted Indicators

There is a big difference between Avient Stock performing well and Avient Corp 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 Avient Corp'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
FUL	1.36	0.14	0.10	0.21	1.34	(1.65)	3.51	(2.39)	8.23
HWKN	1.76	0.13	0.05	0.19	2.59	(1.81)	3.86	(4.03)	14.80
WDFC	1.35	0.40	0.13	(0.73)	1.81	(1.45)	3.03	(1.68)	10.75
CBT	1.43	0.27	0.19	0.33	1.22	(1.70)	4.36	(2.21)	13.59
CENX	2.98	0.91	0.26	0.54	3.15	(3.42)	6.74	(7.00)	19.16
PRM	1.42	(0.06)	(0.02)	0.04	2.11	(1.25)	2.70	(2.61)	10.14
OLN	2.83	0.16	0.10	0.15	2.99	(3.15)	6.07	(5.11)	18.93
MEOH	1.66	0.40	0.19	0.43	1.68	(1.81)	3.91	(2.34)	14.67
ASH	1.64	0.29	0.20	0.32	1.24	(1.96)	4.54	(2.64)	13.74
SXT	1.34	(0.04)	(0.03)	0.05	1.75	(1.43)	2.90	(2.57)	8.59

Avient Corp Corporate Management

Michael Garratt	Senior Vice President and Presidentident - Color, Additives and Inks, EMEA	Profile
Kim Mink	Independent Director	Profile
Robert James	Assistant Secretary	Profile
Richard Fearon	Lead Independent Director	Profile
Joao Neto	Chief Human Resource Officer, Senior Vice President	Profile

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