Avantis Emerging Correlations
| AVXC Etf | 50.27 0.03 0.06% |
The current 90-days correlation between Avantis Emerging Markets and Dimensional ETF Trust is 0.75 (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.
Avantis Emerging Correlation With Market
Very weak diversification
The correlation between Avantis Emerging Markets and DJI is 0.46 (i.e., Very weak 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
Moving against Avantis Etf
| 0.47 | PMBS | PIMCO Mortgage Backed | PairCorr |
| 0.43 | FXY | Invesco CurrencyShares | PairCorr |
| 0.47 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.46 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.46 | TRV | The Travelers Companies | PairCorr |
| 0.43 | T | ATT Inc Aggressive Push | PairCorr |
| 0.31 | MCD | McDonalds | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DISV | 0.65 | 0.16 | 0.18 | 0.26 | 0.67 | 1.54 | 5.30 | |||
| VB | 0.94 | (0.10) | 0.00 | (0.14) | 0.00 | 1.45 | 4.28 | |||
| MMSC | 1.22 | (0.17) | 0.00 | (0.18) | 0.00 | 2.06 | 5.91 | |||
| VIOG | 0.96 | (0.14) | 0.00 | (0.17) | 0.00 | 1.64 | 4.96 | |||
| VIOV | 0.94 | (0.16) | 0.00 | (0.20) | 0.00 | 1.55 | 4.22 | |||
| VIOO | 0.92 | (0.15) | 0.00 | (0.18) | 0.00 | 1.59 | 4.34 | |||
| DWAS | 1.49 | (0.19) | 0.00 | (0.18) | 0.00 | 3.03 | 8.13 | |||
| VTWG | 1.12 | (0.14) | 0.00 | (0.16) | 0.00 | 2.01 | 6.10 | |||
| VTWV | 0.91 | (0.12) | 0.00 | (0.16) | 0.00 | 1.57 | 4.43 |