Avantor Stock Market Value
| AVTR Stock | USD 21.10 0.32 1.54% |
| Symbol | Avantor |
Avantor Price To Book Ratio
Is Life Sciences Tools & Services 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 Avantor. If investors know Avantor 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 Avantor 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 (0.50) | Earnings Share 0.45 | Revenue Per Share 10.051 | Quarterly Revenue Growth (0) | Return On Assets 0.0327 |
The market value of Avantor is measured differently than its book value, which is the value of Avantor that is recorded on the company's balance sheet. Investors also form their own opinion of Avantor's value that differs from its market value or its book value, called intrinsic value, which is Avantor'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 Avantor's market value can be influenced by many factors that don't directly affect Avantor'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 Avantor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avantor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avantor'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.
Avantor '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 Avantor'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 Avantor.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Avantor on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Avantor or generate 0.0% return on investment in Avantor over 30 days. Avantor is related to or competes with Ashland Global, H B, Element Solutions, Balchem, Axalta Coating, Avient Corp, and Quaker Chemical. Avantor, Inc. provides products and services to customers in biopharma, healthcare, education and government, advanced t... More
Avantor 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 Avantor'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 Avantor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 6.21 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.31 |
Avantor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avantor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avantor's standard deviation. In reality, there are many statistical measures that can use Avantor historical prices to predict the future Avantor's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avantor's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Avantor Backtested Returns
Avantor secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of standard deviation over the last 3 months. Avantor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avantor's risk adjusted performance of (0.13), and Mean Deviation of 1.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Avantor returns are very sensitive to returns on the market. As the market goes up or down, Avantor is expected to follow. At this point, Avantor has a negative expected return of -0.32%. Please make sure to confirm Avantor's total risk alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Avantor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Avantor has modest reverse predictability. Overlapping area represents the amount of predictability between Avantor time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Avantor price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Avantor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Avantor lagged returns against current returns
Autocorrelation, which is Avantor 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 Avantor's stock expected returns. We can calculate the autocorrelation of Avantor returns to help us make a trade decision. For example, suppose you find that Avantor 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 |
Avantor 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 Avantor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avantor stock over time.
Current vs Lagged Prices |
| Timeline |
Avantor Lagged Returns
When evaluating Avantor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avantor stock have on its future price. Avantor 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, Avantor autocorrelation shows the relationship between Avantor stock current value and its past values and can show if there is a momentum factor associated with investing in Avantor.
Regressed Prices |
| Timeline |
Pair Trading with Avantor
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avantor position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avantor will appreciate offsetting losses from the drop in the long position's value.Moving together with Avantor Stock
Moving against Avantor Stock
| 0.86 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
| 0.84 | EXEL | Exelixis | PairCorr |
| 0.67 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.44 | KTTAW | Pasithea Therapeutics | PairCorr |
The ability to find closely correlated positions to Avantor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avantor 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 Avantor - 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 Avantor to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avantor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avantor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avantor can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Avantor Stock Analysis
When running Avantor's price analysis, check to measure Avantor'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 Avantor is operating at the current time. Most of Avantor's value examination focuses on studying past and present price action to predict the probability of Avantor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avantor's price. Additionally, you may evaluate how the addition of Avantor to your portfolios can decrease your overall portfolio volatility.