Avalon Holdings Correlations

AWX Stock

USD 3.29 0.12 3.79%

The current 90-days correlation between Avalon Holdings and BQE Water is -0.15 (i.e., Good diversification). The correlation of Avalon Holdings 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.

Avalon Holdings Correlation With Market

Average diversification

The correlation between Avalon Holdings and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avalon Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avalon 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.

For more information on how to buy Avalon Stock please use our How to Invest in Avalon Holdings guide.

Moving together with Avalon Stock

0.88	G	Genpact Limited	Pair Corr
0.89	BR	Broadridge Financial	Pair Corr
0.82	KC	Kingsoft Cloud Holdings	Pair Corr
0.75	LZ	LegalZoom	Pair Corr
0.94	SQ	Block Inc	Pair Corr
0.87	DRVN	Driven Brands Holdings	Pair Corr
0.81	VRSK	Verisk Analytics	Pair Corr
0.72	VSEC	VSE Corporation	Pair Corr
0.81	EEFT	Euronet Worldwide	Pair Corr
0.86	EXLS	ExlService Holdings	Pair Corr
0.82	AXR	AMREP	Pair Corr
0.77	BTM	Bitcoin Depot	Pair Corr
0.88	CBZ	CBIZ Inc	Pair Corr
0.81	FOUR	Shift4 Payments	Pair Corr
0.9	CXW	CoreCivic	Pair Corr
0.92	DLX	Deluxe	Pair Corr
0.81	DNB	Dun Bradstreet Holdings	Pair Corr

Moving against Avalon Stock

0.86	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.79	VCIG	VCI Global Limited	Pair Corr
0.71	MG	Mistras Group	Pair Corr
0.55	DLHC	DLH Holdings Corp	Pair Corr
0.5	VLTO	Veralto	Pair Corr
0.87	BCO	Brinks Company	Pair Corr
0.75	ESGL	ESGL Holdings Limited	Pair Corr
0.71	EXPO	Exponent	Pair Corr
0.85	DSS	DSS Inc	Pair Corr
0.74	EFX	Equifax	Pair Corr
0.73	KBR	KBR Inc	Pair Corr
0.68	FCN	FTI Consulting	Pair Corr

Related Correlations Analysis

	AGXXF	BTQNF	ECPL	CHRA	ANRGF	BCCEF	OCLN	AMBI	GWAV
AGXXF		-0.56	-0.37	-0.26	0.3	-0.27	-0.27	-0.1	-0.08	AGXXF
BTQNF	-0.56		0.16	-0.06	-0.33	0.38	0.32	0.35	-0.06	BTQNF
ECPL	-0.37	0.16		0.38	-0.16	0.17	-0.43	0.0	0.79	ECPL
CHRA	-0.26	-0.06	0.38		-0.24	-0.09	-0.29	-0.67	0.28	CHRA
ANRGF	0.3	-0.33	-0.16	-0.24		-0.21	-0.15	-0.12	-0.16	ANRGF
BCCEF	-0.27	0.38	0.17	-0.09	-0.21		0.28	0.25	0.22	BCCEF
OCLN	-0.27	0.32	-0.43	-0.29	-0.15	0.28		0.18	-0.5	OCLN
AMBI	-0.1	0.35	0.0	-0.67	-0.12	0.25	0.18		-0.1	AMBI
GWAV	-0.08	-0.06	0.79	0.28	-0.16	0.22	-0.5	-0.1		GWAV
	AGXXF	BTQNF	ECPL	CHRA	ANRGF	BCCEF	OCLN	AMBI	GWAV

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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

GWAV	+ 0.79	ECPL
BCCEF	+ 0.38	BTQNF
CHRA	+ 0.38	ECPL
AMBI	+ 0.35	BTQNF
OCLN	+ 0.32	BTQNF
ANRGF	+ 0.3	AGXXF

High negative correlations

AMBI	- 0.67	CHRA
BTQNF	- 0.56	AGXXF
GWAV	- 0.5	OCLN
OCLN	- 0.43	ECPL
ECPL	- 0.37	AGXXF
ANRGF	- 0.33	BTQNF

Risk-Adjusted Indicators

There is a big difference between Avalon Stock performing well and Avalon Holdings 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 Avalon Holdings' 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
AGXXF	1.10	0.10	0.02	0.79	1.32	(4.14)	4.58	(3.15)	11.98
BTQNF	0.67	0.15	0.03	(0.22)	0.83	(5.70)	1.75	(1.02)	13.68
ECPL	8.71	2.78	0.09	(2.57)	8.36	(74.64)	8.33	(4.35)	206.68
CHRA	5.53	0.57	0.07	(0.22)	6.11	(9.56)	30.70	(11.16)	50.46
ANRGF	6.93	0.15	0.01	0.13	11.17	(12.93)	12.77	(23.08)	80.05
BCCEF	7.28	0.53	0.03	(0.44)	8.66	(15.52)	19.63	(16.67)	98.61
OCLN	8.29	(0.55)	0.00	39.06	0.00	0.00	16.67	(16.67)	85.12
AMBI	4.71	0.43	0.08	2.82	4.61	(6.00)	12.35	(7.95)	28.44
GWAV	6.72	1.17	0.15	(3.27)	6.33	(9.09)	17.57	(8.57)	76.14

Avalon Holdings Corporate Executives

Elected by the shareholders, the Avalon Holdings' board of directors comprises two types of representatives: Avalon Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avalon. The board's role is to monitor Avalon Holdings' management team and ensure that shareholders' interests are well served. Avalon Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Avalon Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Bryan Saksa

Chief Financial Officer, Treasurer

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