Avnet Correlations

AVT Stock

USD 55.83 0.18 0.32%

The current 90-days correlation between Avnet Inc and Arrow Electronics is 0.05 (i.e., Significant diversification). The correlation of Avnet 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.

Avnet Correlation With Market

Good diversification

The correlation between Avnet Inc and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avnet Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avnet Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avnet Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Avnet Stock

0.9	SNX	Synnex	Pair Corr
0.79	INGM	Ingram Micro Holding	Pair Corr

Moving against Avnet Stock

0.46	CIIT	Tianci International, Tech Boost	Pair Corr
0.37	FKWL	Franklin Wireless Corp	Pair Corr
0.41	FRGT	Freight Technologies	Pair Corr
0.32	MFH	Mercurity Fintech Holding	Pair Corr

Related Correlations Analysis

	ARW	NSIT	SNX	CLMB	SCSC	APH	BHE	BDC	VSH
ARW		0.4	0.51	0.11	0.91	0.59	0.77	0.97	0.92	ARW
NSIT	0.4		0.37	0.46	0.26	0.22	0.47	0.51	0.52	NSIT
SNX	0.51	0.37		0.31	0.54	0.93	0.53	0.6	0.64	SNX
CLMB	0.11	0.46	0.31		0.14	0.17	0.32	0.23	0.16	CLMB
SCSC	0.91	0.26	0.54	0.14		0.65	0.68	0.89	0.9	SCSC
APH	0.59	0.22	0.93	0.17	0.65		0.53	0.62	0.7	APH
BHE	0.77	0.47	0.53	0.32	0.68	0.53		0.79	0.76	BHE
BDC	0.97	0.51	0.6	0.23	0.89	0.62	0.79		0.92	BDC
VSH	0.92	0.52	0.64	0.16	0.9	0.7	0.76	0.92		VSH
	ARW	NSIT	SNX	CLMB	SCSC	APH	BHE	BDC	VSH

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Risk-Adjusted Indicators

There is a big difference between Avnet Stock performing well and Avnet 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 Avnet'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
ARW	1.25	0.29	0.24	0.52	0.70	(1.54)	2.88	(1.48)	13.98
NSIT	1.47	0.25	(0.08)	(0.18)	1.67	(1.46)	2.90	(2.85)	11.63
SNX	1.19	0.52	0.25	35.03	0.54	(1.53)	2.73	(1.63)	8.90
CLMB	1.57	0.04	(0.09)	6.33	2.21	(1.45)	3.46	(3.75)	9.16
SCSC	1.44	0.59	0.18	(1.32)	0.95	(1.72)	4.56	(1.64)	11.99
APH	1.12	0.64	0.44	3.79	0.00	(1.46)	3.39	(1.38)	10.44
BHE	1.60	0.00	0.02	0.26	2.89	(1.79)	3.49	(2.16)	25.51
BDC	1.56	0.15	0.16	0.35	1.25	(1.89)	3.57	(1.95)	18.96
VSH	2.87	1.10	0.13	(0.55)	3.43	(3.35)	6.06	(4.92)	33.66

Avnet Corporate Management

Philip Gallagher	Sr. VP and Member of Executive Board	Profile
Michael McCoy	General VP	Profile
Ken Arnold	Chief VP	Profile
Joseph Burke	Vice Relations	Profile
Rebeca ObregonJimenez	Senior Management	Profile
Darrel Jackson	Corporate Secretary	Profile
David Youngblood	Chief Officer	Profile

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