Avient Corp Correlations
| AVNT Stock | USD 33.34 0.34 1.01% |
The current 90-days correlation between Avient Corp and Axalta Coating Systems is 0.86 (i.e., Very poor diversification). The correlation of Avient Corp 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.
Avient Corp Correlation With Market
Very poor diversification
The correlation between Avient Corp and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avient Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Avient Stock
Moving against Avient Stock
| 0.54 | CMT | Core Molding Technologies Earnings Call Shortly | PairCorr |
| 0.48 | NEU | NewMarket | PairCorr |
| 0.64 | X | United States Steel Earnings Call Shortly | PairCorr |
| 0.38 | HWKN | Hawkins | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Avient Stock performing well and Avient Corp 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 Avient Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AXTA | 1.75 | 0.00 | 0.00 | (0.14) | 0.00 | 2.93 | 16.33 | |||
| FUL | 1.81 | 0.00 | 0.00 | (0.15) | 0.00 | 2.60 | 14.60 | |||
| KWR | 2.01 | (0.16) | 0.00 | (0.25) | 0.00 | 3.00 | 20.89 | |||
| CBT | 1.47 | (0.07) | 0.00 | (0.23) | 0.00 | 2.73 | 12.52 | |||
| IOSP | 1.51 | (0.24) | 0.00 | (0.41) | 0.00 | 2.34 | 11.52 | |||
| MTX | 1.60 | (0.38) | 0.00 | (0.51) | 0.00 | 1.81 | 13.50 | |||
| ODC | 1.41 | 0.08 | 0.06 | (0.02) | 2.01 | 2.89 | 13.82 | |||
| SXT | 1.41 | 0.40 | 0.22 | 0.48 | 1.74 | 2.94 | 9.90 | |||
| SCL | 1.72 | (0.22) | 0.00 | (0.35) | 0.00 | 3.03 | 14.03 | |||
| ASH | 2.00 | (0.19) | 0.00 | (0.28) | 0.00 | 4.90 | 17.32 |
Avient Corp Corporate Management
| Michael Garratt | Senior Vice President and Presidentident - Color, Additives and Inks, EMEA | Profile | |
| Kim Mink | Independent Director | Profile | |
| Robert James | Assistant Secretary | Profile | |
| Richard Fearon | Lead Independent Director | Profile | |
| Joao Neto | Chief Human Resource Officer, Senior Vice President | Profile |