Advantage Solutions Correlations

ADV Stock

USD 1.47 0.09 6.52%

The current 90-days correlation between Advantage Solutions and Criteo Sa is 0.49 (i.e., Very weak diversification). The correlation of Advantage Solutions 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.

Advantage Solutions Correlation With Market

Very weak diversification

The correlation between Advantage Solutions and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advantage Solutions 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 Advantage Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving together with Advantage Stock

0.76	TV	Grupo Televisa SAB	Pair Corr
0.73	WIMI	WiMi Hologram Cloud	Pair Corr
0.89	DIS	Walt Disney Aggressive Push	Pair Corr
0.88	GCI	Gannett	Pair Corr
0.93	IAS	Integral Ad Science	Pair Corr
0.78	LYV	Live Nation Entertainment	Pair Corr
0.78	PSO	Pearson PLC ADR	Pair Corr
0.71	MSGE	Madison Square Garden	Pair Corr
0.86	MSGS	Madison Square Garden	Pair Corr
0.84	NCMI	National CineMedia	Pair Corr
0.93	RSVR	Reservoir Media	Pair Corr
0.67	SCHL	Scholastic	Pair Corr
0.96	SPHR	Sphere Entertainment	Pair Corr
0.92	Z	Zillow Group Class	Pair Corr
0.61	DJCO	Daily Journal Corp Earnings Call This Week	Pair Corr
0.92	EB	Eventbrite Class A Buyout Trend	Pair Corr
0.65	IQ	iQIYI Inc	Pair Corr
0.94	OB	Outbrain	Pair Corr
0.87	TC	TuanChe ADR	Pair Corr
0.78	WB	Weibo Corp	Pair Corr
0.91	ZG	Zillow Group	Pair Corr
0.63	ZI	ZoomInfo Technologies	Pair Corr

Moving against Advantage Stock

0.8	EA	Electronic Arts	Pair Corr
0.68	T	ATT Inc	Pair Corr
0.62	KT	KT Corporation	Pair Corr
0.65	VZ	Verizon Communications	Pair Corr
0.43	FNGR	FingerMotion	Pair Corr
0.37	AMX	America Movil SAB	Pair Corr

Related Correlations Analysis

	CRTO	DLX	EEX	MCHX	IAS	EVC	DRCT	CMPR	TSQ	MMDDF
CRTO		0.86	0.41	0.84	0.88	0.67	0.83	0.85	0.9	-0.07	CRTO
DLX	0.86		0.57	0.68	0.78	0.6	0.78	0.91	0.84	-0.28	DLX
EEX	0.41	0.57		0.32	0.47	0.4	0.61	0.43	0.45	-0.62	EEX
MCHX	0.84	0.68	0.32		0.95	0.48	0.77	0.65	0.84	0.23	MCHX
IAS	0.88	0.78	0.47	0.95		0.57	0.85	0.76	0.91	0.1	IAS
EVC	0.67	0.6	0.4	0.48	0.57		0.57	0.6	0.78	-0.33	EVC
DRCT	0.83	0.78	0.61	0.77	0.85	0.57		0.73	0.81	-0.19	DRCT
CMPR	0.85	0.91	0.43	0.65	0.76	0.6	0.73		0.86	-0.24	CMPR
TSQ	0.9	0.84	0.45	0.84	0.91	0.78	0.81	0.86		-0.12	TSQ
MMDDF	-0.07	-0.28	-0.62	0.23	0.1	-0.33	-0.19	-0.24	-0.12		MMDDF
	CRTO	DLX	EEX	MCHX	IAS	EVC	DRCT	CMPR	TSQ	MMDDF

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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

IAS	+ 0.95	MCHX
CMPR	+ 0.91	DLX
TSQ	+ 0.91	IAS
TSQ	+ 0.9	CRTO
IAS	+ 0.88	CRTO
DLX	+ 0.86	CRTO

High negative correlations

MMDDF	- 0.62	EEX
MMDDF	- 0.33	EVC
MMDDF	- 0.28	DLX
MMDDF	- 0.24	CMPR
MMDDF	- 0.19	DRCT
MMDDF	- 0.12	TSQ

Risk-Adjusted Indicators

There is a big difference between Advantage Stock performing well and Advantage Solutions 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 Advantage Solutions' 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
CRTO	2.46	(0.48)	0.00	(0.47)	0.00	0.00	4.08	(7.58)	23.69
DLX	2.02	(0.36)	0.00	(0.48)	0.00	0.00	2.81	(5.81)	13.18
EEX	2.23	0.29	0.10	0.09	2.22	(2.96)	5.87	(3.89)	17.50
MCHX	2.38	(0.45)	0.00	(0.98)	0.00	0.00	5.11	(5.37)	15.95
IAS	2.17	(0.27)	0.00	(0.31)	0.00	0.00	4.72	(4.63)	22.60
EVC	2.65	0.00	0.00	(0.12)	0.00	0.00	5.71	(6.28)	22.15
DRCT	6.97	0.12	0.00	(0.04)	0.00	0.00	14.06	(13.56)	115.63
CMPR	2.32	(0.25)	0.00	(0.35)	0.00	0.00	4.54	(5.34)	18.48
TSQ	1.76	(0.18)	0.00	(0.31)	0.00	0.00	3.80	(4.02)	10.75
MMDDF	4.94	1.08	0.00	1.09	0.00	0.00	0.00	0.00	224.00

Advantage Solutions Corporate Management

Tanya Domier	Ex Chair	Profile
Daniel Gore	Chief Officer	Profile
Corey Weiner	Pres Technology	Profile
Jack Pestello	Executive Officer	Profile
Francesco Tinto	Chief Officer	Profile
Jill Griffin	CEO Director	Profile
Christopher Growe	Chief Officer	Profile

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