Avantis Equity Correlations

Etfs . USA . 
Etf . Avantis Equity ETF
AVUS Etf  USD 93.34  0.11  0.12%   
The current 90-days correlation between Avantis Equity ETF and Avantis International Equity is 0.7 (i.e., Poor diversification). The correlation of Avantis Equity 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 Equity Correlation With Market

Good diversification

The correlation between Avantis Equity ETF and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Equity ETF 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 Equity ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Avantis Etf

  1.0VTI Vanguard Total StockPairCorr
  0.99SPY SPDR SP 500PairCorr
  0.99IVV iShares Core SPPairCorr
  0.84VIG Vanguard DividendPairCorr
  0.99VV Vanguard Large CapPairCorr
  0.92RSP Invesco SP 500PairCorr
  0.99IWB iShares Russell 1000PairCorr
  0.64ESGU iShares ESG AwarePairCorr
  1.0DFAC Dimensional Core EquityPairCorr
  0.99SPLG SPDR Portfolio SPPairCorr
  0.78UPRO ProShares UltraPro SP500PairCorr
  0.97QTJA Innovator ETFs TrustPairCorr
  0.98QTOC Innovator ETFs TrustPairCorr
  0.98XTOC Innovator ETFs TrustPairCorr
  0.78QTAP Innovator Growth 100PairCorr
  0.98XTJA Innovator ETFs TrustPairCorr
  0.82JPM JPMorgan ChasePairCorr
  0.75HD Home DepotPairCorr
  0.88AXP American ExpressPairCorr
  0.83BAC Bank of AmericaPairCorr

Moving against Avantis Etf

  0.35GDXU MicroSectors Gold MinersPairCorr
  0.55VZ Verizon CommunicationsPairCorr
  0.4PG Procter GamblePairCorr
  0.39KO Coca ColaPairCorr
  0.37JNJ Johnson JohnsonPairCorr

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
AVDE
FNDC
+ 0.99
AVDV
AVDV
+ 0.98
AVDE
AVDV
+ 0.88
AVEM
FNDC
+ 0.88
AVEM
AVEM
+ 0.84
AVDE
  
High negative correlations   
FNDC
- 0.71
AVUV
AVDV
- 0.7
AVUV
AVUV
- 0.69
AVDE
AVUV
- 0.49
AVEM

Avantis Equity Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis Equity 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 Equity'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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