Advent Technologies Correlations

ADNWW Stock

USD 0.01 0.0001 1.61%

The current 90-days correlation between Advent Technologies and Luxfer Holdings PLC is -0.01 (i.e., Good diversification). 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 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.

Advent Technologies Correlation With Market

Significant diversification

The correlation between Advent Technologies Holdings and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advent Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.

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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 closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Advent Stock

0.71

Fiserv,

Pair Corr

Moving against Advent Stock

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0.69	MCHP	Microchip Technology Sell-off Trend	Pair Corr
0.68	ON	ON Semiconductor	Pair Corr
0.68	MCHPP	Microchip Technology	Pair Corr
0.68	NVTS	Navitas Semiconductor	Pair Corr
0.66	MU	Micron Technology	Pair Corr
0.66	MRAM	Everspin Technologies	Pair Corr
0.64	BB	BlackBerry	Pair Corr
0.63	MPWR	Monolithic Power Systems	Pair Corr
0.62	DIOD	Diodes Incorporated	Pair Corr
0.62	MX	MagnaChip Semiconductor	Pair Corr
0.61	NVEC	NVE Corporation	Pair Corr
0.6	MRVL	Marvell Technology	Pair Corr
0.55	PI	Impinj Inc	Pair Corr
0.54	NA	Nano Labs	Pair Corr
0.72	ZS	Zscaler	Pair Corr
0.67	WKEY	Wisekey International	Pair Corr
0.66	KD	Kyndryl Holdings	Pair Corr
0.66	KN	Knowles Cor	Pair Corr
0.66	IBM	International Business	Pair Corr
0.64	ERIC	Telefonaktiebolaget Earnings Call This Week	Pair Corr
0.62	EXTR	Extreme Networks	Pair Corr
0.55	UI	Ubiquiti Networks	Pair Corr
0.55	VEEA	Veea Inc Symbol Change	Pair Corr
0.49	VSAT	ViaSat Inc Buyout Trend	Pair Corr
0.44	EPAM	EPAM Systems	Pair Corr
0.43	AMPGW	AmpliTech Group	Pair Corr

Related Correlations Analysis

	BLSFF	LXFR	FSI	WS	TNJIF	KALU	MT	APD
BLSFF		0.47	0.54	0.31	0.83	0.7	0.46	0.5	BLSFF
LXFR	0.47		0.71	0.59	0.47	0.78	0.74	0.68	LXFR
FSI	0.54	0.71		0.4	0.43	0.47	0.4	0.75	FSI
WS	0.31	0.59	0.4		0.39	0.69	0.73	0.52	WS
TNJIF	0.83	0.47	0.43	0.39		0.71	0.44	0.46	TNJIF
KALU	0.7	0.78	0.47	0.69	0.71		0.91	0.56	KALU
MT	0.46	0.74	0.4	0.73	0.44	0.91		0.58	MT
APD	0.5	0.68	0.75	0.52	0.46	0.56	0.58		APD
	BLSFF	LXFR	FSI	WS	TNJIF	KALU	MT	APD

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Risk-Adjusted Indicators

There is a big difference between Advent Stock performing well and Advent Technologies 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 Advent Technologies' 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
BLSFF	1.45	0.24	0.00	0.60	0.00	0.00	1.12	0.00	56.21
LXFR	2.04	0.11	0.00	10.07	2.46	(2.29)	5.00	(3.61)	13.86
FSI	2.59	0.02	(0.02)	0.96	3.66	(2.55)	9.09	(7.37)	20.69
WS	2.38	0.27	0.10	0.32	2.65	(2.55)	3.97	(4.02)	27.36
TNJIF	0.17	0.07	0.00	5.93	0.00	0.00	0.00	0.00	5.56
KALU	2.09	0.37	0.16	0.37	2.12	(2.49)	5.95	(2.62)	13.81
MT	1.93	0.10	0.06	0.17	2.42	(2.01)	4.60	(3.49)	20.46
APD	1.40	(0.10)	(0.04)	0.02	2.09	(1.31)	2.66	(3.02)	11.71

Advent Technologies Corporate Management

James JD	COO Counsel	Profile
George Paloumpis	Chief Officer	Profile
Emory Castro	Chief Director	Profile
Steven Rock	Chief Officer	Profile

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