Avient Corp Correlations

AVNT Stock

USD 36.16 0.55 1.50%

The current 90-days correlation between Avient Corp and H B Fuller is 0.63 (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

0.86	CE	Celanese	Pair Corr
0.75	EC	Ecopetrol SA ADR	Pair Corr
0.77	SAIC	Science Applications	Pair Corr
0.82	BIOA	BioAge Labs	Pair Corr
0.65	WMT	Walmart Common Stock	Pair Corr
0.67	HD	Home Depot	Pair Corr

Moving against Avient Stock

0.72	ADVWW	Advantage Solutions	Pair Corr
0.63	GCMGW	GCM Grosvenor	Pair Corr
0.48	MAPSW	WM Technology	Pair Corr
0.45	PTAIF	PT Astra International	Pair Corr
0.34	BKRKF	PT Bank Rakyat	Pair Corr
0.34	PBCRF	PT Bank Central	Pair Corr
0.74	T	ATT Inc Earnings Call This Week	Pair Corr
0.6	HPQ	HP Inc	Pair Corr
0.43	MSFT	Microsoft Aggressive Push	Pair Corr
0.41	TRV	The Travelers Companies	Pair Corr
0.39	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.37	MMM	3M Company	Pair Corr

Related Correlations Analysis

	FUL	HWKN	WDFC	CBT	CENX	PRM	OLN	MEOH	ASH	SXT
FUL		0.68	0.23	0.77	0.65	0.38	0.73	0.66	0.66	0.56	FUL
HWKN	0.68		0.41	0.91	0.61	-0.02	0.83	0.55	0.52	0.32	HWKN
WDFC	0.23	0.41		0.48	0.58	0.15	0.48	0.57	0.47	0.41	WDFC
CBT	0.77	0.91	0.48		0.75	0.25	0.91	0.75	0.7	0.4	CBT
CENX	0.65	0.61	0.58	0.75		0.48	0.72	0.95	0.82	0.44	CENX
PRM	0.38	-0.02	0.15	0.25	0.48		0.22	0.56	0.75	0.41	PRM
OLN	0.73	0.83	0.48	0.91	0.72	0.22		0.72	0.63	0.5	OLN
MEOH	0.66	0.55	0.57	0.75	0.95	0.56	0.72		0.84	0.47	MEOH
ASH	0.66	0.52	0.47	0.7	0.82	0.75	0.63	0.84		0.41	ASH
SXT	0.56	0.32	0.41	0.4	0.44	0.41	0.5	0.47	0.41		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	+ 0.95	CENX
CBT	+ 0.91	HWKN
OLN	+ 0.91	CBT
ASH	+ 0.84	MEOH
OLN	+ 0.83	HWKN
ASH	+ 0.82	CENX

High negative correlations

PRM

- 0.02

HWKN

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	1.24	(0.10)	0.00	(0.02)	0.00	0.00	3.48	(2.38)	8.23
HWKN	1.65	(0.17)	0.00	(0.05)	0.00	0.00	3.29	(4.40)	10.09
WDFC	1.29	0.09	0.02	0.45	1.90	(1.23)	2.39	(2.98)	10.75
CBT	1.42	(0.05)	(0.02)	0.02	1.89	(1.55)	3.72	(2.71)	8.68
CENX	2.89	0.81	0.19	2.01	3.58	(3.33)	6.70	(6.26)	27.76
PRM	1.91	0.29	0.10	0.45	2.37	(2.00)	3.38	(2.84)	30.19
OLN	2.29	(0.15)	0.00	(0.01)	0.00	0.00	5.72	(4.57)	12.78
MEOH	1.96	0.38	0.22	0.35	1.47	(2.39)	3.94	(2.61)	21.41
ASH	1.60	0.36	0.19	1.17	1.29	(1.81)	4.54	(2.64)	13.67
SXT	1.37	(0.07)	(0.04)	0.00	1.77	(1.47)	2.93	(2.57)	9.55

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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