Avantis International Correlations

Etfs USA . 
Etf . Avantis International Equity
AVDE Etf  USD 67.46  0.14  0.21%   
The current 90-days correlation between Avantis International and Avantis Emerging Markets is 0.77 (i.e., Poor diversification). The correlation of Avantis International 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.

Avantis International Correlation With Market

Poor diversification

The correlation between Avantis International Equity and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis International Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Avantis Etf

  1.0VEA Vanguard FTSE DevelopedPairCorr
  1.0IEFA iShares Core MSCIPairCorr
  0.99VEU Vanguard FTSE AllPairCorr
  1.0EFA iShares MSCI EAFEPairCorr
  0.99IXUS iShares Core MSCIPairCorr
  0.99SPDW SPDR SP WorldPairCorr
  1.0IDEV iShares Core MSCIPairCorr
  1.0ESGD iShares ESG AwarePairCorr
  0.99JIRE JP Morgan ExchangePairCorr
  0.99DFAX Dimensional WorldPairCorr
  0.93GDXU MicroSectors Gold MinersPairCorr
  0.92JNJ Johnson JohnsonPairCorr
  0.81MCD McDonaldsPairCorr
  0.74CVX Chevron CorpPairCorr
  0.81TRV The Travelers CompaniesPairCorr
  0.89VZ Verizon Communications Aggressive PushPairCorr
  0.82GE GE AerospacePairCorr
  0.7INTC IntelPairCorr
  0.7XOM Exxon Mobil Corp Earnings Call This WeekPairCorr

Moving against Avantis Etf

  0.5UPRO ProShares UltraPro SP500PairCorr
  0.39QTOC Innovator ETFs TrustPairCorr
  0.37QTJA Innovator ETFs TrustPairCorr
  0.62MRK Merck CompanyPairCorr
  0.6HPQ HP Inc Sell-off TrendPairCorr
  0.6DIS Walt DisneyPairCorr
  0.59CAT CaterpillarPairCorr
  0.53AXP American ExpressPairCorr
  0.49HD Home DepotPairCorr
  0.44BAC Bank of AmericaPairCorr

Related Correlations Analysis

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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   
FNDC
+ 0.99
AVDV
AVUV
+ 0.92
AVUS
AVDV
+ 0.88
AVEM
FNDC
+ 0.88
AVEM
  
High negative correlations   
FNDC
- 0.71
AVUV
AVUV
- 0.69
AVDV
AVUV
- 0.5
AVEM
FNDC
- 0.44
AVUS
AVDV
- 0.44
AVUS
AVUS
- 0.25
AVEM

Avantis International Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis International ETF 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 Avantis International's 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.

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