Avantis Emerging Correlations
| AVES Etf | USD 48.86 0.13 0.27% |
The current 90-days correlation between Avantis Emerging Markets and Avantis International Small is 0.76 (i.e., Poor diversification). The correlation of Avantis Emerging 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 Emerging Correlation With Market
Modest diversification
The correlation between Avantis Emerging Markets and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Avantis |
Moving together with Avantis Etf
| 0.92 | VWO | Vanguard FTSE Emerging | PairCorr |
| 0.98 | IEMG | iShares Core MSCI | PairCorr |
| 0.95 | EMC | Global X Funds | PairCorr |
| 0.97 | EEM | iShares MSCI Emerging | PairCorr |
| 0.92 | SPEM | SPDR Portfolio Emerging | PairCorr |
| 0.92 | FNDE | Schwab Fundamental | PairCorr |
| 0.96 | ESGE | iShares ESG Aware | PairCorr |
| 0.8 | DGS | WisdomTree Emerging | PairCorr |
| 0.95 | XSOE | WisdomTree Emerging | PairCorr |
| 0.67 | EMXC | iShares MSCI Emerging | PairCorr |
| 0.88 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.62 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Avantis Etf
| 0.36 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.31 | BAC | Bank of America Aggressive Push | PairCorr |
Related Correlations Analysis
| -0.33 | 0.67 | -0.33 | 0.98 | AVDV | ||
| -0.33 | 0.01 | 0.97 | -0.46 | AVUV | ||
| 0.67 | 0.01 | 0.15 | 0.61 | AVEM | ||
| -0.33 | 0.97 | 0.15 | -0.47 | AVLV | ||
| 0.98 | -0.46 | 0.61 | -0.47 | AVDE | ||
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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
| High negative correlations
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Avantis Emerging Constituents Risk-Adjusted Indicators
There is a big difference between Avantis Etf performing well and Avantis Emerging 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 Emerging'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVDV | 0.64 | (0.12) | 0.00 | (0.15) | 0.00 | 1.32 | 3.62 | |||
| AVUV | 0.97 | (0.04) | 0.03 | 0.09 | 0.79 | 2.15 | 8.70 | |||
| AVEM | 0.82 | (0.07) | 0.00 | (0.06) | 0.00 | 1.98 | 5.78 | |||
| AVLV | 0.60 | 0.02 | 0.03 | 0.14 | 0.44 | 1.25 | 4.62 | |||
| AVDE | 0.62 | (0.13) | 0.00 | (0.16) | 0.00 | 1.16 | 3.83 |