Avient Corp Stock Market Value
| AVNT Stock | USD 52.28 1.11 2.17% |
| Symbol | Avient |
Avient Corp Price To Book Ratio
Is Specialty Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avient Corp. If investors know Avient will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avient Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 6.324 | Dividend Share 1.03 | Earnings Share 1.63 | Revenue Per Share 35.21 | Quarterly Revenue Growth 0.082 |
The market value of Avient Corp is measured differently than its book value, which is the value of Avient that is recorded on the company's balance sheet. Investors also form their own opinion of Avient Corp's value that differs from its market value or its book value, called intrinsic value, which is Avient Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avient Corp's market value can be influenced by many factors that don't directly affect Avient Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avient Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avient Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avient Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Avient Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Avient Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Avient Corp.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Avient Corp on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Avient Corp or generate 0.0% return on investment in Avient Corp over 720 days. Avient Corp is related to or competes with Axalta Coating, H B, Quaker Chemical, Cabot, Innospec, Minerals Technologies, and Oil Dri. Avient Corporation provides specialized formulator, services, and sustainable material solutions in the United States, C... More
Avient Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Avient Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Avient Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.0355 | |||
| Maximum Drawdown | 7.92 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 3.08 |
Avient Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avient Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avient Corp's standard deviation. In reality, there are many statistical measures that can use Avient Corp historical prices to predict the future Avient Corp's volatility.| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0396 | |||
| Treynor Ratio | 0.1051 |
Avient Corp Backtested Returns
Currently, Avient Corp is very steady. Avient Corp secures Sharpe Ratio (or Efficiency) of 0.0804, which signifies that the company had a 0.0804% return per unit of risk over the last 3 months. We have found thirty technical indicators for Avient Corp, which you can use to evaluate the volatility of the firm. Please confirm Avient Corp's Mean Deviation of 1.38, downside deviation of 1.6, and Risk Adjusted Performance of 0.0891 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Avient Corp has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.75, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avient Corp will likely underperform. Avient Corp right now shows a risk of 1.75%. Please confirm Avient Corp semi variance, and the relationship between the sortino ratio and rate of daily change , to decide if Avient Corp will be following its price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Avient Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Avient Corp time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Avient Corp price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Avient Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 20.04 |
Avient Corp lagged returns against current returns
Autocorrelation, which is Avient Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Avient Corp's stock expected returns. We can calculate the autocorrelation of Avient Corp returns to help us make a trade decision. For example, suppose you find that Avient Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Avient Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Avient Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avient Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avient Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Avient Corp Lagged Returns
When evaluating Avient Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avient Corp stock have on its future price. Avient Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Avient Corp autocorrelation shows the relationship between Avient Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Avient Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Avient Stock Analysis
When running Avient Corp's price analysis, check to measure Avient Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avient Corp is operating at the current time. Most of Avient Corp's value examination focuses on studying past and present price action to predict the probability of Avient Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avient Corp's price. Additionally, you may evaluate how the addition of Avient Corp to your portfolios can decrease your overall portfolio volatility.