Avnet Correlations
| AVT Stock | USD 57.17 2.59 4.75% |
The current 90-days correlation between Avnet Inc and Synnex is 0.62 (i.e., Poor diversification). The correlation of Avnet 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.
Avnet Correlation With Market
Poor diversification
The correlation between Avnet Inc and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avnet Inc and DJI in the same portfolio, assuming nothing else is changed.
Avnet |
Moving together with Avnet Stock
| 0.83 | SNX | Synnex Fiscal Year End 14th of January 2025 | PairCorr |
| 0.64 | CLMB | Climb Global Solutions Tech Boost | PairCorr |
| 0.76 | S | SentinelOne | PairCorr |
| 0.74 | AI | C3 Ai Inc | PairCorr |
| 0.71 | BL | Blackline | PairCorr |
| 0.77 | FN | Fabrinet | PairCorr |
| 0.61 | KD | Kyndryl Holdings | PairCorr |
| 0.73 | KN | Knowles Cor | PairCorr |
| 0.84 | MU | Micron Technology Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.52 | 0.41 | 0.42 | 0.68 | 0.4 | 0.73 | SNX | ||
| 0.52 | 0.45 | 0.7 | 0.87 | 0.34 | 0.28 | NSIT | ||
| 0.41 | 0.45 | 0.5 | 0.53 | -0.33 | -0.02 | SCSC | ||
| 0.42 | 0.7 | 0.5 | 0.58 | 0.44 | 0.38 | CNXN | ||
| 0.68 | 0.87 | 0.53 | 0.58 | 0.18 | 0.31 | ARW | ||
| 0.4 | 0.34 | -0.33 | 0.44 | 0.18 | 0.75 | SNPO | ||
| 0.73 | 0.28 | -0.02 | 0.38 | 0.31 | 0.75 | CLMB | ||
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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 Avnet Stock performing well and Avnet 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 Avnet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNX | 1.09 | (0.05) | 0.01 | 0.13 | 1.34 | 2.16 | 7.58 | |||
| NSIT | 1.56 | (0.32) | 0.00 | (0.02) | 0.00 | 2.98 | 18.04 | |||
| SCSC | 1.80 | (0.21) | (0.01) | 0.07 | 1.88 | 3.13 | 12.91 | |||
| CNXN | 1.47 | (0.21) | (0.02) | 0.06 | 1.81 | 3.11 | 9.36 | |||
| ARW | 1.32 | (0.29) | (0.07) | 0.00 | 2.52 | 2.75 | 16.46 | |||
| SNPO | 1.98 | 0.76 | 0.17 | (0.64) | 1.54 | 3.77 | 29.77 | |||
| CLMB | 2.45 | 0.71 | 0.40 | 0.56 | 1.34 | 7.79 | 17.77 |
Avnet Corporate Management
| Philip Gallagher | Sr. VP and Member of Executive Board | Profile | |
| Michael McCoy | General VP | Profile | |
| Ken Arnold | Chief VP | Profile | |
| Joseph Burke | Vice Relations | Profile | |
| Rebeca ObregonJimenez | Senior Management | Profile | |
| Darrel Jackson | Corporate Secretary | Profile | |
| David Youngblood | Chief Officer | Profile |