Avantor Correlations

AVTR Stock

USD 12.34 0.95 7.15%

The current 90-days correlation between Avantor and H B Fuller is 0.47 (i.e., Very weak diversification). 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 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.

Avantor Correlation With Market

Very weak diversification

The correlation between Avantor and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantor 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 Avantor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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Moving against Avantor Stock

0.8	INCR	INC Research Holdings	Pair Corr
0.63	VFS	VinFast Auto	Pair Corr
0.37	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.33	VFSWW	VinFast Auto	Pair Corr
0.32	HYMTF	Hyundai Motor Earnings Call This Week	Pair Corr
0.55	TRV	The Travelers Companies	Pair Corr
0.5	WMT	Walmart	Pair Corr
0.38	MSFT	Microsoft Aggressive Push	Pair Corr
0.36	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.32	DD	Dupont De Nemours Earnings Call Next Week	Pair Corr
0.32	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	ASH	FUL	ESI	BCPC	AXTA	AVNT	KWR	CBT	SXT	IOSP
ASH		0.63	0.47	-0.14	0.1	0.02	0.6	0.73	0.36	0.29	ASH
FUL	0.63		0.88	-0.06	-0.28	0.02	0.86	0.35	0.78	-0.04	FUL
ESI	0.47	0.88		0.04	-0.28	0.26	0.84	0.02	0.94	-0.06	ESI
BCPC	-0.14	-0.06	0.04		0.28	0.75	-0.11	-0.31	0.0	0.24	BCPC
AXTA	0.1	-0.28	-0.28	0.28		0.33	-0.51	0.2	-0.33	0.77	AXTA
AVNT	0.02	0.02	0.26	0.75	0.33		0.01	-0.41	0.25	0.34	AVNT
KWR	0.6	0.86	0.84	-0.11	-0.51	0.01		0.29	0.78	-0.17	KWR
CBT	0.73	0.35	0.02	-0.31	0.2	-0.41	0.29		-0.08	0.31	CBT
SXT	0.36	0.78	0.94	0.0	-0.33	0.25	0.78	-0.08		-0.04	SXT
IOSP	0.29	-0.04	-0.06	0.24	0.77	0.34	-0.17	0.31	-0.04		IOSP
	ASH	FUL	ESI	BCPC	AXTA	AVNT	KWR	CBT	SXT	IOSP

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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

SXT	+ 0.94	ESI
ESI	+ 0.88	FUL
KWR	+ 0.86	FUL
KWR	+ 0.84	ESI
SXT	+ 0.78	FUL
SXT	+ 0.78	KWR

High negative correlations

KWR	- 0.51	AXTA
CBT	- 0.41	AVNT
SXT	- 0.33	AXTA
CBT	- 0.31	BCPC
AXTA	- 0.28	ESI
AXTA	- 0.28	FUL

Risk-Adjusted Indicators

There is a big difference between Avantor Stock performing well and Avantor 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 Avantor'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
ASH	1.79	(0.14)	(0.03)	0.03	2.56	(1.79)	3.33	(3.12)	12.88
FUL	1.57	0.03	0.03	0.15	1.45	(1.97)	3.43	(2.56)	13.34
ESI	1.62	0.21	0.17	0.26	1.46	(1.94)	3.98	(2.86)	11.49
BCPC	0.89	(0.20)	0.00	(0.17)	0.00	0.00	1.84	(2.35)	5.53
AXTA	1.32	(0.21)	0.00	(0.06)	0.00	0.00	2.61	(2.48)	9.69
AVNT	1.64	(0.14)	(0.04)	0.04	1.83	(1.81)	3.91	(3.51)	10.10
KWR	1.92	0.06	0.05	0.18	1.79	(2.33)	4.98	(3.47)	15.11
CBT	1.21	(0.21)	0.00	(0.07)	0.00	0.00	2.74	(2.42)	9.23
SXT	1.23	0.52	0.58	1.07	0.00	(1.58)	4.75	(1.08)	15.95
IOSP	1.08	(0.17)	0.00	(0.08)	0.00	0.00	2.47	(2.76)	6.32

Avantor Corporate Management

Joseph Massaro	Independent Director	Profile
Christophe MBA	Executive AMEA	Profile
Lan Kang	Independent Director	Profile
Tanya Foxe	Executive Vice President - Global Operations and Supply Chain	Profile

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