AVNT
Price
$51.28
Change
+$0.34 (+0.67%)
Updated
Oct 17 closing price
13 days until earnings call
COVTY
Price
$32.03
Change
-$0.00 (-0.00%)
Updated
Oct 4 closing price
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AVNT vs COVTY

Header iconAVNT vs COVTY Comparison
Open Charts AVNT vs COVTYBanner chart's image
Avient
Price$51.28
Change+$0.34 (+0.67%)
Volume$508.94K
CapitalizationN/A
Covestro AG
Price$32.03
Change-$0.00 (-0.00%)
Volume$4.13K
CapitalizationN/A
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AVNT vs COVTY Comparison Chart
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AVNT
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
COVTY
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
VS
AVNT vs. COVTY commentary
Oct 18, 2024

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is AVNT is a Sell and COVTY is a Hold.

COMPARISON
Comparison
Oct 18, 2024
Stock price -- (AVNT: $51.28 vs. COVTY: $31.54)
Brand notoriety: AVNT and COVTY are both not notable
Both companies represent the Chemicals: Specialty industry
Current volume relative to the 65-day Moving Average: AVNT: 106% vs. COVTY: 48%
Market capitalization -- AVNT: $3.96B vs. COVTY: $10.22B
AVNT [@Chemicals: Specialty] is valued at $3.96B. COVTY’s [@Chemicals: Specialty] market capitalization is $10.22B. The market cap for tickers in the [@Chemicals: Specialty] industry ranges from $223.16B to $0. The average market capitalization across the [@Chemicals: Specialty] industry is $8.9B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

AVNT’s FA Score shows that 0 FA rating(s) are green whileCOVTY’s FA Score has 2 green FA rating(s).

  • AVNT’s FA Score: 0 green, 5 red.
  • COVTY’s FA Score: 2 green, 3 red.
According to our system of comparison, COVTY is a better buy in the long-term than AVNT.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

AVNT’s TA Score shows that 3 TA indicator(s) are bullish while COVTY’s TA Score has 4 bullish TA indicator(s).

  • AVNT’s TA Score: 3 bullish, 3 bearish.
  • COVTY’s TA Score: 4 bullish, 4 bearish.
According to our system of comparison, both AVNT and COVTY are a good buy in the short-term.

Price Growth

AVNT (@Chemicals: Specialty) experienced а +6.90% price change this week, while COVTY (@Chemicals: Specialty) price change was -0.77% for the same time period.

The average weekly price growth across all stocks in the @Chemicals: Specialty industry was +0.25%. For the same industry, the average monthly price growth was +6.43%, and the average quarterly price growth was +2.30%.

Reported Earning Dates

AVNT is expected to report earnings on Feb 04, 2025.

Industries' Descriptions

@Chemicals: Specialty (+0.25% weekly)

The specialty chemicals sector includes companies that produce chemicals and industrial gases, which are of relatively high-value, often made to customer specifications. Examples of specialty chemicals are electronic chemicals, industrial gases, coatings, adhesives and sealants, industrial and institutional cleaning chemicals. The products are often valued on the basis of their purposes/performances rather than for their composition. Linde Plc, Ecolab Inc., Air Products and Chemicals, Inc., and Dow, Inc. are some of the largest companies making specialty chemicals.

SUMMARIES
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FUNDAMENTALS
Fundamentals
COVTY($10.2B) has a higher market cap than AVNT($3.96B). AVNT has higher P/E ratio than COVTY: AVNT (51.78) vs COVTY (7.91). AVNT YTD gains are higher at: 25.579 vs. COVTY (7.955). COVTY has higher annual earnings (EBITDA): 1.14B vs. AVNT (391M). COVTY has more cash in the bank: 1.17B vs. AVNT (546M). AVNT has less debt than COVTY: AVNT (2.14B) vs COVTY (3.66B). COVTY has higher revenues than AVNT: COVTY (17B) vs AVNT (3.14B).
AVNTCOVTYAVNT / COVTY
Capitalization3.96B10.2B39%
EBITDA391M1.14B34%
Gain YTD25.5797.955322%
P/E Ratio51.787.91655%
Revenue3.14B17B18%
Total Cash546M1.17B47%
Total Debt2.14B3.66B59%
FUNDAMENTALS RATINGS
AVNT vs COVTY: Fundamental Ratings
AVNT
COVTY
OUTLOOK RATING
1..100
1779
VALUATION
overvalued / fair valued / undervalued
1..100
55
Fair valued
4
Undervalued
PROFIT vs RISK RATING
1..100
4255
SMR RATING
1..100
8391
PRICE GROWTH RATING
1..100
4247
P/E GROWTH RATING
1..100
9630
SEASONALITY SCORE
1..100
1750

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

COVTY's Valuation (4) in the null industry is somewhat better than the same rating for AVNT (55). This means that COVTY’s stock grew somewhat faster than AVNT’s over the last 12 months.

AVNT's Profit vs Risk Rating (42) in the null industry is in the same range as COVTY (55). This means that AVNT’s stock grew similarly to COVTY’s over the last 12 months.

AVNT's SMR Rating (83) in the null industry is in the same range as COVTY (91). This means that AVNT’s stock grew similarly to COVTY’s over the last 12 months.

AVNT's Price Growth Rating (42) in the null industry is in the same range as COVTY (47). This means that AVNT’s stock grew similarly to COVTY’s over the last 12 months.

COVTY's P/E Growth Rating (30) in the null industry is significantly better than the same rating for AVNT (96). This means that COVTY’s stock grew significantly faster than AVNT’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
AVNTCOVTY
RSI
ODDS (%)
Bearish Trend 1 day ago
65%
Bearish Trend 1 day ago
55%
Stochastic
ODDS (%)
Bearish Trend 1 day ago
60%
Bullish Trend 1 day ago
59%
Momentum
ODDS (%)
Bullish Trend 1 day ago
78%
Bearish Trend 1 day ago
64%
MACD
ODDS (%)
Bullish Trend 1 day ago
82%
Bearish Trend 1 day ago
57%
TrendWeek
ODDS (%)
Bullish Trend 1 day ago
74%
Bearish Trend 1 day ago
60%
TrendMonth
ODDS (%)
Bullish Trend 1 day ago
71%
Bullish Trend 1 day ago
65%
Advances
ODDS (%)
Bullish Trend 1 day ago
71%
Bullish Trend 19 days ago
65%
Declines
ODDS (%)
Bearish Trend 11 days ago
71%
Bearish Trend 1 day ago
61%
BollingerBands
ODDS (%)
N/A
Bullish Trend 1 day ago
68%
Aroon
ODDS (%)
N/A
Bullish Trend 1 day ago
66%
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AVNT
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
COVTY
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
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AVNT and

Correlation & Price change

A.I.dvisor indicates that over the last year, AVNT has been closely correlated with CBT. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if AVNT jumps, then CBT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AVNT
1D Price
Change %
AVNT100%
+0.67%
CBT - AVNT
73%
Closely correlated
-1.01%
CE - AVNT
72%
Closely correlated
+0.39%
IOSP - AVNT
70%
Closely correlated
-0.29%
WLK - AVNT
70%
Closely correlated
-1.37%
FUL - AVNT
69%
Closely correlated
-0.79%
More

COVTY and

Correlation & Price change

A.I.dvisor indicates that over the last year, COVTY has been loosely correlated with BASFY. These tickers have moved in lockstep 41% of the time. This A.I.-generated data suggests there is some statistical probability that if COVTY jumps, then BASFY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To COVTY
1D Price
Change %
COVTY100%
-0.47%
BASFY - COVTY
41%
Loosely correlated
-0.96%
AVNT - COVTY
37%
Loosely correlated
+0.67%
ARKAY - COVTY
34%
Loosely correlated
-1.14%
WLK - COVTY
34%
Loosely correlated
-1.37%
HUN - COVTY
33%
Poorly correlated
-0.17%
More