Avant Brands Correlations
| AVTBF Stock | USD 0.36 0.05 12.20% |
The current 90-days correlation between Avant Brands and Medicine Man Technologies is -0.16 (i.e., Good diversification). The correlation of Avant Brands 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.
Avant Brands Correlation With Market
Significant diversification
The correlation between Avant Brands and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avant Brands and DJI in the same portfolio, assuming nothing else is changed.
Avant |
The ability to find closely correlated positions to Avant Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avant Brands 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 Avant Brands - 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 Avant Brands to buy it.
Moving together with Avant OTC Stock
| 0.95 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.93 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.88 | HLN | Haleon plc | PairCorr |
| 0.89 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.63 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.83 | HLNCF | Haleon plc | PairCorr |
| 0.81 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.89 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.96 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.78 | PBCRY | Bank Central Asia | PairCorr |
| 0.61 | PBCRF | PT Bank Central | PairCorr |
| 0.95 | BKRKY | Bank Rakyat | PairCorr |
| 0.9 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.94 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.9 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.94 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.91 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Avant OTC Stock
| 0.76 | PTAIF | PT Astra International | PairCorr |
| 0.66 | SSNLF | Samsung Electronics | PairCorr |
| 0.39 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.95 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.93 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.92 | CSCO | Cisco Systems | PairCorr |
| 0.91 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.9 | WMT | Walmart Aggressive Push | PairCorr |
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.8 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.59 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.56 | HPQ | HP Inc | PairCorr |
| 0.47 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Avant OTC Stock performing well and Avant Brands OTC Stock 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 Avant Brands' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCHWF | 4.16 | (0.04) | 0.00 | 0.08 | 5.68 | 10.53 | 39.88 | |||
| VRNOF | 3.85 | (0.85) | 0.00 | 0.83 | 0.00 | 7.42 | 39.52 | |||
| FFNTF | 8.56 | (0.75) | 0.00 | (0.70) | 0.00 | 20.00 | 58.33 | |||
| AAWH | 4.19 | (0.72) | 0.00 | 0.38 | 0.00 | 9.76 | 26.74 | |||
| SHWZ | 27.73 | 8.01 | 0.17 | (1.27) | 22.32 | 100.00 | 236.06 | |||
| RAMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVGRF | 3.85 | 2.04 | 0.00 | (3.55) | 0.00 | 0.00 | 95.65 | |||
| SPBBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BHHKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Avant Brands without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Avant Brands Corporate Management
Elected by the shareholders, the Avant Brands' board of directors comprises two types of representatives: Avant Brands inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avant. The board's role is to monitor Avant Brands' management team and ensure that shareholders' interests are well served. Avant Brands' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Avant Brands' outside directors are responsible for providing unbiased perspectives on the board's policies.
| CMA CPA | Consultant | Profile | |
| Adil Hirji | Director Marketing | Profile | |
| Michael BSc | S CoFounder | Profile | |
| Norton Singhavon | CEO Founder | Profile | |
| Chris Pearson | Director Sales | Profile | |
| David Lynn | Chief Officer | Profile | |
| Matthew Whitt | Chief Officer | Profile |