Advantage Solutions Correlations

ADV -  USA Stock  

USD 4.35  0.17  4.07%

The correlation of Advantage Solutions is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advantage Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advantage Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Advantage Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advantage Solutions when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advantage Solutions - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advantage Solutions to buy it.

Moving together with Advantage Solutions

0.87BOCBoston Omaha CorpPairCorr
0.95CCOClear Channel OutdoorPairCorr
0.95CMPRCimpress NV Ord Fiscal Year End 27th of July 2022 PairCorr
0.94CNETChinanet Online HoldingsPairCorr
0.66CRTOCriteo SA ADRPairCorr
0.8CTVInnovid CorpPairCorr
0.96DLXDeluxe CorpPairCorr
0.93DMSDigital Media SolutionsPairCorr
0.82DRCTDirect Digital HoldingsPairCorr
0.86FLNTFluent IncPairCorr
0.93IASIntegral Ad SciencePairCorr
0.91ICLKIclick Interactive AsiaPairCorr
0.86IPGInterpublic GroupPairCorr

Moving against Advantage Solutions

0.74HHSHarte-HanksPairCorr
0.52BAOSBaosheng Media GroupPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AAGE
INTCGE
BAGE
BAAA
MSFTINTC
INTCAA
  
High negative correlations   
BAVTNR
MRKBA
PGVTNR
MSFTVTNR
AAVTNR
MRKAA

Advantage Solutions Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Advantage Solutions stock performing well and Advantage Solutions company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Advantage Solutions' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
VTNR 5.00  0.90  0.14  0.39  5.43  0.13 (6.16)  11.53 (9.66)  30.84 
GE 1.69 (0.31)  0.00 (0.39)  0.00 (0.14)  0.00  2.88 (4.93)  13.22 
AA 3.32 (0.54)  0.00 (0.45)  0.00 (0.16)  0.00  5.10 (6.70)  21.93 
BA 2.62 (0.14)  0.00 (0.24)  0.00 (0.07)  0.00  5.64 (5.07)  16.31 
INTC 1.90 (0.10)  0.00 (0.22)  0.00 (0.06)  0.00  3.21 (3.64)  13.88 
KO 1.03  0.18  0.12  0.09  1.77  0.15 (0.97)  1.87 (2.01)  10.05 
MSFT 1.91  0.04  0.00 (0.12)  0.00 (0.0093)  0.00  2.97 (4.24)  9.36 
PG 1.21  0.04  0.00 (0.09)  0.00  0.05  0.00  2.54 (2.30)  8.89 
MRK 1.01  0.32  0.39  0.55  0.81  0.30 (1.21)  2.16 (1.54)  7.44 

Similar Equity Warning - ADV

Advantage Solutions was forked

The entity Advantage Solutions with a symbol ADV was recently forked. You can potentially use ADVEST GROUP INC with a symbol ADV1 from now on.

Investing Advantage Solutions

You need to understand the risk of investing before taking a position in Advantage Solutions. The danger of trading Advantage Solutions is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Advantage Solutions is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Advantage Solutions. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Advantage Solutions is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Advantage Solutions information on this page should be used as a complementary analysis to other Advantage Solutions' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running Advantage Solutions price analysis, check to measure Advantage Solutions' 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 Advantage Solutions is operating at the current time. Most of Advantage Solutions' value examination focuses on studying past and present price action to predict the probability of Advantage Solutions' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Advantage Solutions' price. Additionally, you may evaluate how the addition of Advantage Solutions to your portfolios can decrease your overall portfolio volatility.
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Is Advantage Solutions' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Advantage Solutions. If investors know Advantage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Advantage Solutions listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.6
Market Capitalization
1.4 B
Quarterly Revenue Growth YOY
0.16
Return On Assets
0.0278
Return On Equity
0.0295
The market value of Advantage Solutions is measured differently than its book value, which is the value of Advantage that is recorded on the company's balance sheet. Investors also form their own opinion of Advantage Solutions' value that differs from its market value or its book value, called intrinsic value, which is Advantage Solutions' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Advantage Solutions' market value can be influenced by many factors that don't directly affect Advantage Solutions' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Advantage Solutions' value and its price as these two are different measures arrived at by different means. Investors typically determine Advantage Solutions value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advantage Solutions' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.