Advent Technologies Correlations

ADNWW Stock

USD 0.01 0.0003 5.36%

The current 90-days correlation between Advent Technologies and Advent Technologies Holdings is 0.47 (i.e., Very weak diversification). The correlation of Advent Technologies 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.

Advent Technologies Correlation With Market

Average diversification

The correlation between Advent Technologies Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advent Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

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Related Correlations Analysis

	ADN	BEP	HTOO	HTOOW
ADN		-0.47	0.51	-0.16	ADN
BEP	-0.47		-0.41	0.62	BEP
HTOO	0.51	-0.41		-0.14	HTOO
HTOOW	-0.16	0.62	-0.14		HTOOW
	ADN	BEP	HTOO	HTOOW

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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

HTOOW	+ 0.62	BEP
HTOO	+ 0.51	ADN

High negative correlations

BEP	- 0.47	ADN
HTOO	- 0.41	BEP
HTOOW	- 0.16	ADN
HTOOW	- 0.14	HTOO

Risk-Adjusted Indicators

There is a big difference between Advent Stock performing well and Advent Technologies 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 Advent Technologies' 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
ADN	4.90	(0.29)	0.00	1.52	0.00	0.00	14.69	(11.42)	54.82
BEP	1.41	0.35	0.14	1.56	1.49	(1.54)	3.02	(2.31)	10.09
HTOO	4.47	(0.79)	0.00	(2.58)	0.00	0.00	6.71	(10.10)	48.05
HTOOW	18.48	3.31	0.16	1.99	17.82	(22.33)	36.36	(32.73)	131.45

Advent Technologies Corporate Management

James JD	COO Counsel	Profile
George Paloumpis	Chief Officer	Profile
Emory Castro	Chief Director	Profile
Steven Rock	Chief Officer	Profile

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