Avantis International Correlations

Etfs . USA . 
Etf . Avantis International Small
AVDV Etf  USD 71.06  0.50  0.70%   
The current 90-days correlation between Avantis International and Avantis Small Cap is 0.59 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Avantis International Correlation With Market

Very weak diversification

The correlation between Avantis International Small and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Small 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 Small. 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

  0.99FNDC Schwab FundamentalPairCorr
  0.95DLS WisdomTree InternationalPairCorr
  0.99PDN Invesco FTSE RAFIPairCorr
  0.97DISV Dimensional ETF TrustPairCorr
  1.0ISVL iShares InternationalPairCorr
  0.98DIM WisdomTree InternationalPairCorr
  0.95DDLS WisdomTree DynamicPairCorr
  0.94GVAL Cambria Global ValuePairCorr
  0.86FXY Invesco CurrencySharesPairCorr
  0.87PMBS PIMCO Mortgage BackedPairCorr
  0.76AMPD Tidal Trust IIPairCorr
  0.95GDXU MicroSectors Gold MinersPairCorr
  0.78LIAE Stone Ridge 2050PairCorr
  0.92JMST JPMorgan Ultra ShortPairCorr
  0.92EEMX SPDR MSCI Emerging Potential GrowthPairCorr
  0.88SPIB SPDR Barclays Interm Sell-off TrendPairCorr
  0.74MLPB UBS AG LondonPairCorr
  0.88GHMS Goose Hollow MultiPairCorr
  0.9BBEM JP Morgan ExchangePairCorr
  0.92ACWV iShares MSCI GlobalPairCorr

Moving against Avantis Etf

  0.81WGMI Valkyrie Bitcoin MinersPairCorr

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   
AVES
+ 0.95
AVEM
AVUS
+ 0.92
AVUV
AVDE
+ 0.85
AVEM
AVES
+ 0.81
AVDE
  
High negative correlations   
AVDE
- 0.69
AVUV
AVES
- 0.64
AVUV
AVEM
- 0.5
AVUV
AVES
- 0.45
AVUS
AVUS
- 0.4
AVDE
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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