Advent Technologies Correlations
| ADNWW Stock | USD 0.01 0.0005 7.69% |
The correlation of Advent Technologies 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 Advent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advent Technologies Holdings 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.
Average diversification
The correlation between Advent Technologies Holdings and NYA is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advent Technologies Holdings and NYA in the same portfolio, assuming nothing else is changed.
Advent |
The ability to find closely correlated positions to Advent Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advent Technologies 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 Advent Technologies - 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 Advent Technologies Holdings to buy it.
Moving together with Advent Stock
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| 0.79 | ON | ON Semiconductor | PairCorr |
| 0.82 | AMD | Advanced Micro Devices | PairCorr |
| 0.77 | CAN | Canaan Inc Financial Report 24th of May 2024 | PairCorr |
| 0.81 | GFS | Globalfoundries Financial Report 14th of May 2024 | PairCorr |
| 0.87 | STM | STMicroelectronics NV ADR Financial Report 25th of July 2024 | PairCorr |
| 0.93 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
| 0.66 | KLIC | Kulicke and Soffa Fiscal Year End 20th of November 2024 | PairCorr |
| 0.78 | MRAM | Everspin Technologies | PairCorr |
Moving against Advent Stock
| 0.62 | MU | Micron Technology Aggressive Push | PairCorr |
| 0.61 | MTSI | MACOM Technology Sol Fiscal Year End 14th of November 2024 | PairCorr |
| 0.42 | TER | Teradyne | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Advent Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Advent Technologies Corporate Management
Elected by the shareholders, the Advent Technologies' board of directors comprises two types of representatives: Advent Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Advent. The board's role is to monitor Advent Technologies' management team and ensure that shareholders' interests are well served. Advent Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Advent Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| James JD | COO Counsel | Profile | |
| Christos Kaskavelis | Chief Officer | Profile | |
| Emory Castro | Chief Director | Profile | |
| Naiem Hussain | Chief Officer | Profile |
Already Invested in Advent Technologies Holdings?
The danger of trading Advent Technologies Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Advent Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Advent Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Advent Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Advent Technologies is a strong investment it is important to analyze Advent Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Advent Technologies' future performance. For an informed investment choice regarding Advent Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advent Technologies Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Advent Stock analysis
When running Advent Technologies' price analysis, check to measure Advent Technologies' 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 Advent Technologies is operating at the current time. Most of Advent Technologies' value examination focuses on studying past and present price action to predict the probability of Advent Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advent Technologies' price. Additionally, you may evaluate how the addition of Advent Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Advent Technologies' industry 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 Advent Technologies. If investors know Advent 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 Advent Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.098 | Quarterly Revenue Growth (0.47) | Return On Assets (0.33) | Return On Equity (1.33) |
The market value of Advent Technologies is measured differently than its book value, which is the value of Advent that is recorded on the company's balance sheet. Investors also form their own opinion of Advent Technologies' value that differs from its market value or its book value, called intrinsic value, which is Advent Technologies' 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 Advent Technologies' market value can be influenced by many factors that don't directly affect Advent Technologies' 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 Advent Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Advent Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advent Technologies' 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.