Avient Pretax Profit Margin from 2010 to 2024
| AVNT Stock | USD 45.09 0.14 0.31% |
Pretax Profit Margin | First Reported 2010-12-31 | Previous Quarter 0.02777778 | Current Value 0.024 | Quarterly Volatility 0.02945386 |
Check Avient Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avient Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 271.3 M, Interest Expense of 161.8 M or Selling General Administrative of 395.9 M, as well as many indicators such as Price To Sales Ratio of 1.27, Dividend Yield of 0.0234 or PTB Ratio of 1.86. Avient financial statements analysis is a perfect complement when working with Avient Corp Valuation or Volatility modules.
Avient | Pretax Profit Margin |
Latest Avient Corp's Pretax Profit Margin Growth Pattern
Below is the plot of the Pretax Profit Margin of Avient Corp over the last few years. It is Avient Corp's Pretax Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Avient Corp's overall financial position and show how it may be relating to other accounts over time.
| Pretax Profit Margin | 10 Years Trend |
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Pretax Profit Margin |
| Timeline |
Avient Pretax Profit Margin Regression Statistics
| Arithmetic Mean | 0.05 | |
| Geometric Mean | 0.04 | |
| Coefficient Of Variation | 58.07 | |
| Mean Deviation | 0.02 | |
| Median | 0.04 | |
| Standard Deviation | 0.03 | |
| Sample Variance | 0.0009 | |
| Range | 0.1192 | |
| R-Value | (0.56) | |
| Mean Square Error | 0.0006 | |
| R-Squared | 0.31 | |
| Significance | 0.03 | |
| Slope | (0) | |
| Total Sum of Squares | 0.01 |
Avient Pretax Profit Margin History
About Avient Corp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Avient Corp income statement, its balance sheet, and the statement of cash flows. Avient Corp investors use historical funamental indicators, such as Avient Corp's Pretax Profit Margin, to determine how well the company is positioned to perform in the future. Although Avient Corp investors may use each financial statement separately, they are all related. The changes in Avient Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Avient Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Avient Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Avient Corp. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | 0.03 | 0.02 |
Pair Trading with Avient Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avient Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avient Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Avient Stock
| 0.82 | DD | Dupont De Nemours Financial Report 7th of August 2024 | PairCorr |
Moving against Avient Stock
| 0.72 | DNMR | Danimer Scientific | PairCorr |
| 0.55 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
The ability to find closely correlated positions to Avient Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avient Corp 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 Avient Corp - 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 Avient Corp to buy it.
The correlation of Avient Corp 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avient Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avient Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avient Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Avient Stock Analysis
When running Avient Corp's price analysis, check to measure Avient Corp'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 Avient Corp is operating at the current time. Most of Avient Corp's value examination focuses on studying past and present price action to predict the probability of Avient Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avient Corp's price. Additionally, you may evaluate how the addition of Avient Corp to your portfolios can decrease your overall portfolio volatility.