Avnet Stock Statistic Functions Pearson Correlation Coefficient

AVT
 Stock
  

USD 44.99  0.68  1.49%   

Avnet statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Avnet. Avnet value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Avnet statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Avnet Inc and its benchmark or peer.
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Avnet Technical Analysis Modules

Most technical analysis of Avnet help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Avnet from various momentum indicators to cycle indicators. When you analyze Avnet charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Avnet Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Avnet Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Avnet Inc based on widely used predictive technical indicators. In general, we focus on analyzing Avnet Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Avnet's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Avnet's intrinsic value. In addition to deriving basic predictive indicators for Avnet, we also check how macroeconomic factors affect Avnet price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2010 2017 2022 (projected)
Long Term Debt to Equity0.330.340.35
Interest Coverage4.329.366.11
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Avnet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Avnet in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
43.0445.1047.16
Details
Intrinsic
Valuation
LowReal ValueHigh
42.9545.0147.07
Details
5 Analysts
Consensus
LowTarget PriceHigh
43.0047.2053.00
Details
Earnings
Estimates (4)
LowProjected EPSHigh
4.784.874.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Avnet. Your research has to be compared to or analyzed against Avnet's peers to derive any actionable benefits. When done correctly, Avnet's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Avnet Inc.

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Please continue to Trending Equities. You can also try Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for analysis

When running Avnet Inc price analysis, check to measure Avnet'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 Avnet is operating at the current time. Most of Avnet's value examination focuses on studying past and present price action to predict the probability of Avnet's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Avnet's price. Additionally, you may evaluate how the addition of Avnet to your portfolios can decrease your overall portfolio volatility.
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Is Avnet's 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 Avnet. If investors know Avnet 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 Avnet 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
0.76
Market Capitalization
4.1 B
Quarterly Revenue Growth YOY
0.21
Return On Assets
0.0685
Return On Equity
0.19
The market value of Avnet Inc is measured differently than its book value, which is the value of Avnet that is recorded on the company's balance sheet. Investors also form their own opinion of Avnet's value that differs from its market value or its book value, called intrinsic value, which is Avnet's 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 Avnet's market value can be influenced by many factors that don't directly affect Avnet's 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 Avnet's value and its price as these two are different measures arrived at by different means. Investors typically determine Avnet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avnet's 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.