Avalon Holdings Correlations

AWX Stock

USD 2.62 0.13 4.73%

The current 90-days correlation between Avalon Holdings and BQE Water is -0.3 (i.e., Very 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 0.13 (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

0.65	DLHC	DLH Holdings Corp	Pair Corr
0.66	EXPO	Exponent	Pair Corr
0.65	AXR	AMREP	Pair Corr
0.62	FORR	Forrester Research	Pair Corr
0.79	CLH	Clean Harbors	Pair Corr
0.62	FOUR	Shift4 Payments	Pair Corr
0.75	DNB	Dun Bradstreet Holdings	Pair Corr

Moving against Avalon Stock

0.6	VSEC	VSE Corporation	Pair Corr
0.58	DRVN	Driven Brands Holdings	Pair Corr
0.42	WM	Waste Management	Pair Corr
0.39	VRSK	Verisk Analytics	Pair Corr
0.38	EEFT	Euronet Worldwide	Pair Corr
0.34	MG	Mistras Group	Pair Corr
0.63	ESGL	ESGL Holdings Limited	Pair Corr
0.62	ACU	Acme United	Pair Corr
0.4	WLDN	Willdan Group	Pair Corr
0.63	III	Information Services	Pair Corr
0.57	GFL	Gfl Environmental	Pair Corr

Related Correlations Analysis

	AGXXF	BTQNF	ECPL	CHRA	ANRGF	BCCEF	OCLN	AMBI	GWAV
AGXXF		0.12	-0.01	0.0	-0.15	-0.05	-0.1	0.19	0.62	AGXXF
BTQNF	0.12		0.64	0.0	0.38	-0.46	0.35	-0.09	0.46	BTQNF
ECPL	-0.01	0.64		0.0	0.64	-0.6	0.36	0.17	0.38	ECPL
CHRA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CHRA
ANRGF	-0.15	0.38	0.64	0.0		-0.49	0.39	0.15	0.21	ANRGF
BCCEF	-0.05	-0.46	-0.6	0.0	-0.49		-0.38	-0.06	-0.54	BCCEF
OCLN	-0.1	0.35	0.36	0.0	0.39	-0.38		0.04	0.32	OCLN
AMBI	0.19	-0.09	0.17	0.0	0.15	-0.06	0.04		0.1	AMBI
GWAV	0.62	0.46	0.38	0.0	0.21	-0.54	0.32	0.1		GWAV
	AGXXF	BTQNF	ECPL	CHRA	ANRGF	BCCEF	OCLN	AMBI	GWAV

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

ECPL	+ 0.64	BTQNF
ANRGF	+ 0.64	ECPL
GWAV	+ 0.62	AGXXF
GWAV	+ 0.46	BTQNF
OCLN	+ 0.39	ANRGF
ANRGF	+ 0.38	BTQNF

High negative correlations

BCCEF	- 0.6	ECPL
GWAV	- 0.54	BCCEF
BCCEF	- 0.49	ANRGF
BCCEF	- 0.46	BTQNF
OCLN	- 0.38	BCCEF
ANRGF	- 0.15	AGXXF

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	1.04	(0.21)	0.00	8.43	0.00	0.00	2.07	(4.86)	15.15
BTQNF	0.73	(0.31)	0.00	11.58	0.00	0.00	0.00	0.00	18.14
ECPL	4.31	0.12	0.00	(0.23)	0.00	0.00	7.69	(7.38)	112.50
CHRA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANRGF	3.45	0.19	0.05	(2.12)	4.44	(7.01)	10.17	(10.14)	34.81
BCCEF	4.32	1.05	0.15	(22.69)	4.55	(10.78)	16.67	(6.33)	47.79
OCLN	9.05	0.17	0.03	4.57	9.68	(12.24)	18.18	(16.13)	47.10
AMBI	3.15	(0.02)	0.04	0.06	3.71	(3.72)	10.12	(7.45)	23.31
GWAV	5.31	(1.50)	0.00	190.05	0.00	0.00	10.53	(10.71)	51.92

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC