Avient Corp Stock Beta

AVNT Stock

USD 51.15 0.38 0.74%

Avient Corp fundamentals help investors to digest information that contributes to Avient Corp's financial success or failures. It also enables traders to predict the movement of Avient Stock. The fundamental analysis module provides a way to measure Avient Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Avient Corp stock.

Short Long Term Debt Total Total Assets

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Avient Corp Company Beta Analysis

Avient Corp's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Avient Corp Beta

1.5

Most of Avient Corp's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Avient Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Avient Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Avient Corp is extremely important. It helps to project a fair market value of Avient Stock properly, considering its historical fundamentals such as Beta. Since Avient Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Avient Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Avient Corp's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Intangible Assets	Good Will	Current Deferred Revenue	Net Tangible Assets	Long Term Debt	Long Term Debt Total	Capital Surpluse	Treasury Stock	Property Plant Equipment	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.72	0.96	0.66	0.59	0.84	0.71	-0.31	-0.48	0.93	0.97	0.27	-0.85	0.89	0.87	0.9	-0.54	0.81	0.77	-0.69	0.94	0.72	-0.61
Total Stockholder Equity	0.99		0.64	0.95	0.57	0.51	0.79	0.66	-0.23	-0.39	0.95	0.97	0.25	-0.82	0.84	0.83	0.88	-0.43	0.83	0.83	-0.74	0.95	0.73	-0.64
Net Debt	0.72	0.64		0.65	0.84	0.68	0.9	0.64	-0.35	-0.43	0.61	0.7	0.2	-0.79	0.91	0.91	0.84	-0.62	0.74	0.37	-0.46	0.74	0.34	-0.13
Retained Earnings	0.96	0.95	0.65		0.5	0.41	0.78	0.63	-0.13	-0.31	0.94	0.97	0.28	-0.85	0.88	0.86	0.87	-0.63	0.77	0.77	-0.68	0.91	0.73	-0.63
Accounts Payable	0.66	0.57	0.84	0.5		0.97	0.84	0.83	-0.57	-0.64	0.41	0.54	0.4	-0.52	0.77	0.73	0.72	-0.52	0.59	0.16	-0.37	0.6	0.48	-0.02
Net Receivables	0.59	0.51	0.68	0.41	0.97		0.74	0.85	-0.58	-0.67	0.3	0.45	0.47	-0.37	0.66	0.6	0.61	-0.49	0.45	0.05	-0.31	0.5	0.54	0.02
Total Liab	0.84	0.79	0.9	0.78	0.84	0.74		0.87	-0.39	-0.49	0.69	0.77	0.49	-0.74	0.96	0.96	0.92	-0.62	0.85	0.46	-0.6	0.87	0.62	-0.14
Total Current Assets	0.71	0.66	0.64	0.63	0.83	0.85	0.87		-0.47	-0.58	0.46	0.58	0.73	-0.43	0.78	0.74	0.74	-0.6	0.63	0.2	-0.47	0.68	0.78	-0.01
Short Term Debt	-0.31	-0.23	-0.35	-0.13	-0.57	-0.58	-0.39	-0.47		0.94	-0.04	-0.11	-0.11	0.14	-0.25	-0.24	-0.18	0.26	-0.18	-0.04	0.08	-0.13	-0.06	0.05
Common Stock	-0.48	-0.39	-0.43	-0.31	-0.64	-0.67	-0.49	-0.58	0.94		-0.19	-0.28	-0.13	0.27	-0.38	-0.36	-0.33	0.42	-0.29	-0.14	0.11	-0.25	-0.22	0.23
Intangible Assets	0.93	0.95	0.61	0.94	0.41	0.3	0.69	0.46	-0.04	-0.19		0.98	0.1	-0.9	0.8	0.8	0.84	-0.38	0.79	0.91	-0.72	0.94	0.61	-0.69
Good Will	0.97	0.97	0.7	0.97	0.54	0.45	0.77	0.58	-0.11	-0.28	0.98		0.17	-0.9	0.87	0.86	0.9	-0.5	0.8	0.83	-0.7	0.95	0.68	-0.66
Current Deferred Revenue	0.27	0.25	0.2	0.28	0.4	0.47	0.49	0.73	-0.11	-0.13	0.1	0.17		-0.06	0.4	0.31	0.27	-0.4	0.22	-0.14	-0.34	0.33	0.65	0.43
Net Tangible Assets	-0.85	-0.82	-0.79	-0.85	-0.52	-0.37	-0.74	-0.43	0.14	0.27	-0.9	-0.9	-0.06		-0.85	-0.84	-0.81	0.57	-0.7	-0.74	0.54	-0.86	-0.46	0.55
Long Term Debt	0.89	0.84	0.91	0.88	0.77	0.66	0.96	0.78	-0.25	-0.38	0.8	0.87	0.4	-0.85		0.98	0.94	-0.71	0.82	0.53	-0.6	0.9	0.65	-0.29
Long Term Debt Total	0.87	0.83	0.91	0.86	0.73	0.6	0.96	0.74	-0.24	-0.36	0.8	0.86	0.31	-0.84	0.98		0.97	-0.65	0.87	0.57	-0.6	0.9	0.59	-0.31
Capital Surpluse	0.9	0.88	0.84	0.87	0.72	0.61	0.92	0.74	-0.18	-0.33	0.84	0.9	0.27	-0.81	0.94	0.97		-0.52	0.9	0.64	-0.64	0.94	0.66	-0.39
Treasury Stock	-0.54	-0.43	-0.62	-0.63	-0.52	-0.49	-0.62	-0.6	0.26	0.42	-0.38	-0.5	-0.4	0.57	-0.71	-0.65	-0.52		-0.27	-0.05	0.14	-0.43	-0.53	0.16
Property Plant Equipment	0.81	0.83	0.74	0.77	0.59	0.45	0.85	0.63	-0.18	-0.29	0.79	0.8	0.22	-0.7	0.82	0.87	0.9	-0.27		0.71	-0.71	0.88	0.45	-0.34
Deferred Long Term Liab	0.77	0.83	0.37	0.77	0.16	0.05	0.46	0.2	-0.04	-0.14	0.91	0.83	-0.14	-0.74	0.53	0.57	0.64	-0.05	0.71		-0.67	0.78	0.35	-0.77
Short Long Term Debt	-0.69	-0.74	-0.46	-0.68	-0.37	-0.31	-0.6	-0.47	0.08	0.11	-0.72	-0.7	-0.34	0.54	-0.6	-0.6	-0.64	0.14	-0.71	-0.67		-0.77	-0.52	0.29
Net Invested Capital	0.94	0.95	0.74	0.91	0.6	0.5	0.87	0.68	-0.13	-0.25	0.94	0.95	0.33	-0.86	0.9	0.9	0.94	-0.43	0.88	0.78	-0.77		0.71	-0.45
Net Working Capital	0.72	0.73	0.34	0.73	0.48	0.54	0.62	0.78	-0.06	-0.22	0.61	0.68	0.65	-0.46	0.65	0.59	0.66	-0.53	0.45	0.35	-0.52	0.71		-0.29
Capital Stock	-0.61	-0.64	-0.13	-0.63	-0.02	0.02	-0.14	-0.01	0.05	0.23	-0.69	-0.66	0.43	0.55	-0.29	-0.31	-0.39	0.16	-0.34	-0.77	0.29	-0.45	-0.29

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Avient Corp

In accordance with the recently published financial statements, Avient Corp has a Beta of 1.498. This is 72.18% higher than that of the Chemicals sector and 36.18% higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.

Avient Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avient Corp's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Avient Corp could also be used in its relative valuation, which is a method of valuing Avient Corp by comparing valuation metrics of similar companies.

Avient Corp is currently under evaluation in beta category among its peers.

Avient Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Avient Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Avient Corp's managers, analysts, and investors.

Environmental

Governance

Social

Avient Corp Institutional Holders

Institutional Holdings refers to the ownership stake in Avient Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Avient Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Avient Corp's value.

		Shares
Macquarie Group Ltd	2024-06-30	1.5 M
Lord, Abbett & Co Llc	2024-06-30	1.5 M
American Century Companies Inc	2024-06-30	1.5 M
Westfield Capital Management Company, Lp	2024-06-30	1.5 M
Gw&k Investment Management, Llc	2024-06-30	1.3 M
Massachusetts Financial Services Company	2024-06-30	1.3 M
Charles Schwab Investment Management Inc	2024-06-30	1.2 M
Morgan Stanley - Brokerage Accounts	2024-06-30	1.2 M
Silvercrest Asset Management Group Llc	2024-06-30	1.2 M
Blackrock Inc	2024-06-30	11.1 M
Vanguard Group Inc	2024-06-30	10.2 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avient Corp will likely underperform.

Avient Fundamentals

	Return On Equity	0.0641
	Return On Asset	0.0394
	Profit Margin	0.05 %
	Operating Margin	0.1 %
	Current Valuation	6.24 B
	Shares Outstanding	91.36 M
	Shares Owned By Insiders	1.91 %
	Shares Owned By Institutions	98.63 %
	Number Of Shares Shorted	1.27 M
	Price To Earning	11.10 X
	Price To Book	1.98 X
	Price To Sales	1.45 X
	Revenue	3.14 B
	Gross Profit	964 M
	EBITDA	479.9 M
	Net Income	75.8 M
	Cash And Equivalents	645.1 M
	Cash Per Share	7.09 X
	Total Debt	2.14 B
	Debt To Equity	1.05 %
	Current Ratio	1.29 X
	Book Value Per Share	25.86 X
	Cash Flow From Operations	199.3 M
	Short Ratio	2.98 X
	Earnings Per Share	1.63 X
	Price To Earnings To Growth	3.45 X
	Target Price	56.4
	Number Of Employees	9.3 K
	Beta	1.5
	Market Capitalization	4.67 B
	Total Asset	5.97 B
	Retained Earnings	1.81 B
	Working Capital	634 M
	Annual Yield	0.02 %
	Five Year Return	2.13 %
	Net Asset	5.97 B
	Last Dividend Paid	1.03

About Avient Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Avient Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avient Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avient Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Avient Stock Analysis

When running Avient Corp's price analysis, check to measure Avient Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avient Corp is operating at the current time. Most of Avient Corp's value examination focuses on studying past and present price action to predict the probability of Avient Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avient Corp's price. Additionally, you may evaluate how the addition of Avient Corp to your portfolios can decrease your overall portfolio volatility.

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