Avantor Correlations

AVTR Stock

USD 11.87 0.41 3.58%

The current 90-days correlation between Avantor and Masimo is 0.19 (i.e., Average diversification). The correlation of Avantor 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.

Avantor Correlation With Market

Modest diversification

The correlation between Avantor and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avantor Stock

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

To learn how to invest in Avantor Stock, please use our How to Invest in Avantor guide.

Moving together with Avantor Stock

0.75	TEM	Tempus AI Class	Pair Corr
0.8	PRTC	PureTech Health plc	Pair Corr
0.71	QGEN	Qiagen NV	Pair Corr

Moving against Avantor Stock

0.81	ILMN	Illumina	Pair Corr
0.67	KB	KB Financial Group	Pair Corr
0.64	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.57	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.54	TMO	Thermo Fisher Scientific	Pair Corr
0.5	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.4	MEDP	Medpace Holdings	Pair Corr
0.38	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.76	LCDX	Caliber Imaging Diag	Pair Corr
0.75	CASXF	Casa Minerals	Pair Corr
0.7	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.69	MFG	Mizuho Financial	Pair Corr
0.69	FTV	Fortive Corp	Pair Corr
0.63	NAUFF	NevGold Corp	Pair Corr
0.62	DB	Deutsche Bank AG	Pair Corr
0.6	SHG	Shinhan Financial	Pair Corr
0.58	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.56	MGCV	MGC Ventures	Pair Corr
0.56	DGWPF	Drgerwerk AG	Pair Corr
0.44	SMXWW	SMX Public Limited	Pair Corr
0.38	LUMN	Lumen Technologies	Pair Corr

Related Correlations Analysis

	MASI	ATR	RGEN	BAX	BIO	HSIC	STVN	MOH	GRFS
MASI		0.31	-0.46	0.41	0.3	-0.65	0.68	0.15	0.18	MASI
ATR	0.31		-0.16	0.92	-0.03	-0.57	0.49	0.8	0.76	ATR
RGEN	-0.46	-0.16		-0.31	0.47	0.58	-0.48	-0.31	-0.33	RGEN
BAX	0.41	0.92	-0.31		0.06	-0.75	0.65	0.84	0.86	BAX
BIO	0.3	-0.03	0.47	0.06		-0.15	0.35	-0.28	-0.16	BIO
HSIC	-0.65	-0.57	0.58	-0.75	-0.15		-0.81	-0.51	-0.62	HSIC
STVN	0.68	0.49	-0.48	0.65	0.35	-0.81		0.35	0.51	STVN
MOH	0.15	0.8	-0.31	0.84	-0.28	-0.51	0.35		0.85	MOH
GRFS	0.18	0.76	-0.33	0.86	-0.16	-0.62	0.51	0.85		GRFS
	MASI	ATR	RGEN	BAX	BIO	HSIC	STVN	MOH	GRFS

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

BAX	+ 0.92	ATR
GRFS	+ 0.86	BAX
GRFS	+ 0.85	MOH
MOH	+ 0.84	BAX
MOH	+ 0.8	ATR
GRFS	+ 0.76	ATR

High negative correlations

STVN	- 0.81	HSIC
HSIC	- 0.75	BAX
HSIC	- 0.65	MASI
GRFS	- 0.62	HSIC
HSIC	- 0.57	ATR
MOH	- 0.51	HSIC

Risk-Adjusted Indicators

There is a big difference between Avantor Stock performing well and Avantor 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 Avantor'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
MASI	1.48	(0.24)	0.00	(0.43)	0.00	0.00	2.79	(2.88)	7.67
ATR	0.93	(0.14)	0.00	(0.50)	0.00	0.00	1.62	(2.49)	7.63
RGEN	1.88	0.26	0.13	0.24	1.92	(2.22)	4.95	(2.78)	15.00
BAX	1.60	(0.28)	0.00	(0.18)	0.00	0.00	2.82	(2.98)	17.76
BIO	1.57	0.06	0.05	0.10	1.69	(1.94)	4.31	(3.17)	10.91
HSIC	1.15	0.20	0.13	0.40	1.12	(1.35)	2.28	(1.97)	13.49
STVN	2.05	(0.41)	0.00	(0.19)	0.00	0.00	5.70	(4.31)	12.08
MOH	1.96	(0.12)	0.00	(0.07)	0.00	0.00	3.36	(3.94)	21.47
GRFS	1.26	(0.14)	0.00	(0.19)	0.00	0.00	2.29	(3.13)	8.69

Avantor Corporate Management

Joseph Massaro	Independent Director	Profile
Christophe MBA	Executive AMEA	Profile
Lan Kang	Independent Director	Profile
Tanya Foxe	Executive Vice President - Global Operations and Supply Chain	Profile

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