Advantage Solutions Correlations

ADV Stock

USD 0.88 0.02 2.33%

The current 90-days correlation between Advantage Solutions and National CineMedia is 0.29 (i.e., Modest diversification). The correlation of Advantage Solutions 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.

Advantage Solutions Correlation With Market

Very weak diversification

The correlation between Advantage Solutions and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advantage Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Advantage Stock

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

For more information on how to buy Advantage Stock please use our How to Invest in Advantage Solutions guide.

Moving together with Advantage Stock

0.79	600715	Cultural Investment	Pair Corr
0.87	603721	TVZone Media	Pair Corr
0.87	DIS	Walt Disney	Pair Corr
0.95	LYV	Live Nation Entertainment	Pair Corr
0.83	GAME	GameSquare Holdings	Pair Corr
0.94	TME	Tencent Music Entert	Pair Corr
0.87	WMG	Warner Music Group	Pair Corr
0.86	KUKE	Kuke Music Holding	Pair Corr
0.87	OMIP	One Media iP	Pair Corr
0.83	ZIN	Zinc Media Group	Pair Corr
0.89	EMAN	Everyman Media Group	Pair Corr
0.75	ASST	Strive Asset Management	Pair Corr
0.75	300251	Beijing Enlight Media	Pair Corr
0.79	NVR	NVR Inc	Pair Corr
0.77	BKNG	Booking Holdings	Pair Corr

Moving against Advantage Stock

0.81	DLPN	Dolphin Entertainment	Pair Corr
0.78	AEO	Aeorema Communications	Pair Corr
0.39	SWAGW	Software Acquisition	Pair Corr
0.91	SPHR	Sphere Entertainment	Pair Corr
0.89	ARR	ARMOUR Residential REIT	Pair Corr
0.85	ETCC	Environmmtl Tectonic	Pair Corr
0.79	DK	Delek Energy	Pair Corr
0.65	IAS	Integral Ad Science	Pair Corr
0.57	HMDPF	Hammond Power Solutions	Pair Corr
0.54	CTMCF	Canterra Minerals	Pair Corr
0.52	IFABF	iFabric Corp	Pair Corr
0.48	NBTX	Nanobiotix	Pair Corr
0.43	BRK-A	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	NCMI	BOC	IHRT	TTGT	GTN	PERI	WOW	AMCX	ATEX	NEXN
NCMI		0.34	-0.63	0.82	0.76	-0.2	0.02	0.16	0.56	0.66	NCMI
BOC	0.34		-0.68	0.53	0.24	-0.13	-0.32	-0.17	0.26	0.53	BOC
IHRT	-0.63	-0.68		-0.62	-0.6	0.32	0.35	0.12	-0.6	-0.64	IHRT
TTGT	0.82	0.53	-0.62		0.64	-0.12	0.0	-0.03	0.54	0.71	TTGT
GTN	0.76	0.24	-0.6	0.64		-0.17	0.03	0.24	0.67	0.51	GTN
PERI	-0.2	-0.13	0.32	-0.12	-0.17		0.56	0.47	0.15	-0.41	PERI
WOW	0.02	-0.32	0.35	0.0	0.03	0.56		0.46	0.2	-0.34	WOW
AMCX	0.16	-0.17	0.12	-0.03	0.24	0.47	0.46		0.2	-0.46	AMCX
ATEX	0.56	0.26	-0.6	0.54	0.67	0.15	0.2	0.2		0.29	ATEX
NEXN	0.66	0.53	-0.64	0.71	0.51	-0.41	-0.34	-0.46	0.29		NEXN
	NCMI	BOC	IHRT	TTGT	GTN	PERI	WOW	AMCX	ATEX	NEXN

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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

TTGT	+ 0.82	NCMI
GTN	+ 0.76	NCMI
NEXN	+ 0.71	TTGT
ATEX	+ 0.67	GTN
NEXN	+ 0.66	NCMI
GTN	+ 0.64	TTGT

High negative correlations

IHRT	- 0.68	BOC
NEXN	- 0.64	IHRT
IHRT	- 0.63	NCMI
TTGT	- 0.62	IHRT
ATEX	- 0.6	IHRT
GTN	- 0.6	IHRT

Risk-Adjusted Indicators

There is a big difference between Advantage Stock performing well and Advantage Solutions 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 Advantage Solutions' 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
NCMI	1.81	(0.22)	0.00	(0.07)	0.00	0.00	4.00	(3.61)	14.59
BOC	1.37	(0.02)	(0.04)	(0.03)	1.82	(1.61)	2.69	(2.61)	13.04
IHRT	4.49	1.10	0.27	1.58	3.46	(6.01)	11.93	(5.64)	43.02
TTGT	2.80	(0.32)	0.00	(0.05)	0.00	0.00	5.93	(6.28)	15.08
GTN	2.30	(0.32)	0.00	(1.50)	0.00	0.00	4.73	(4.76)	14.57
PERI	1.64	0.05	0.06	0.09	1.59	(2.04)	3.16	(3.15)	14.14
WOW	0.27	0.00	(0.12)	0.07	0.33	(0.39)	0.78	(0.58)	2.70
AMCX	2.10	0.27	0.11	0.25	2.26	(2.32)	5.38	(4.30)	11.61
ATEX	2.28	(0.03)	(0.02)	0.01	2.81	(2.30)	4.13	(4.28)	20.21
NEXN	2.18	(0.62)	0.00	(0.25)	0.00	0.00	3.21	(3.89)	28.95

Advantage Solutions Corporate Management

Sean Choksi	Executive Officer	Profile
Corey Weiner	Pres Technology	Profile
Jack Pestello	Executive Officer	Profile
Dean Kaye	Chief America	Profile
Dean General	Chief Services	Profile
George Johnson	Chief Officer	Profile

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