Avnet Inc Stock Market Value
| AVT Stock | USD 54.71 0.48 0.89% |
| Symbol | Avnet |
Avnet Inc Price To Book Ratio
Is Electronic Equipment, Instruments & Components space 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 (0.71) | Dividend Share 1.26 | Earnings Share 3.84 | Revenue Per Share 256.65 | Quarterly Revenue Growth (0.12) |
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 if Avnet is a good investment 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.
Avnet 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Avnet's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Avnet.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Avnet on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Avnet Inc or generate 0.0% return on investment in Avnet over 30 days. Avnet is related to or competes with Synnex, Insight Enterprises, ScanSource, PC Connection, Arrow Electronics, and Climb Global. Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components More
Avnet Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Avnet's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Avnet Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.96 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.86 |
Avnet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avnet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avnet's standard deviation. In reality, there are many statistical measures that can use Avnet historical prices to predict the future Avnet's volatility.| Risk Adjusted Performance | 0.0196 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0154 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Avnet Inc Backtested Returns
Currently, Avnet Inc is very steady. Avnet Inc secures Sharpe Ratio (or Efficiency) of 0.0592, which signifies that the company had a 0.0592% return per unit of risk over the last 3 months. We have found thirty technical indicators for Avnet Inc, which you can use to evaluate the volatility of the firm. Please confirm Avnet's Downside Deviation of 1.83, mean deviation of 1.18, and Risk Adjusted Performance of 0.0196 to double-check if the risk estimate we provide is consistent with the expected return of 0.0984%. Avnet has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.45, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avnet will likely underperform. Avnet Inc right now shows a risk of 1.66%. Please confirm Avnet Inc downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Avnet Inc will be following its price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Avnet Inc has very weak predictability. Overlapping area represents the amount of predictability between Avnet time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Avnet Inc price movement. The serial correlation of 0.17 indicates that over 17.0% of current Avnet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Avnet Inc lagged returns against current returns
Autocorrelation, which is Avnet stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Avnet's stock expected returns. We can calculate the autocorrelation of Avnet returns to help us make a trade decision. For example, suppose you find that Avnet has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Avnet regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Avnet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avnet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avnet stock over time.
Current vs Lagged Prices |
| Timeline |
Avnet Lagged Returns
When evaluating Avnet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avnet stock have on its future price. Avnet autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Avnet autocorrelation shows the relationship between Avnet stock current value and its past values and can show if there is a momentum factor associated with investing in Avnet Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Avnet Stock Analysis
When running Avnet's 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 the 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.