Avantis Core Municipal Etf Market Value
| AVMU Etf | USD 45.71 0.04 0.09% |
| Symbol | Avantis |
The market value of Avantis Core Municipal is measured differently than its book value, which is the value of Avantis that is recorded on the company's balance sheet. Investors also form their own opinion of Avantis Core's value that differs from its market value or its book value, called intrinsic value, which is Avantis Core's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avantis Core's market value can be influenced by many factors that don't directly affect Avantis Core's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avantis Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avantis Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avantis Core's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Avantis Core 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Avantis Core's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Avantis Core.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Avantis Core on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Avantis Core Municipal or generate 0.0% return on investment in Avantis Core over 90 days. Avantis Core is related to or competes with Avantis Core, American Century, American Century, IQ MacKay, and Avantis Emerging. Under normal market conditions, the fund will invest at least 80 percent of its net assets, plus any borrowings for inve... More
Avantis Core Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Avantis Core's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Avantis Core Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2796 | |||
| Maximum Drawdown | 1.05 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.4105 |
Avantis Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avantis Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avantis Core's standard deviation. In reality, there are many statistical measures that can use Avantis Core historical prices to predict the future Avantis Core's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.78) |
Avantis Core Municipal Backtested Returns
Avantis Core Municipal secures Sharpe Ratio (or Efficiency) of -0.0584, which signifies that the etf had a -0.0584 % return per unit of standard deviation over the last 3 months. Avantis Core Municipal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avantis Core's mean deviation of 0.2076, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0467, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avantis Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avantis Core is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
Avantis Core Municipal has very good reverse predictability. Overlapping area represents the amount of predictability between Avantis Core time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Avantis Core Municipal price movement. The serial correlation of -0.7 indicates that around 70.0% of current Avantis Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Avantis Core Municipal lagged returns against current returns
Autocorrelation, which is Avantis Core etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Avantis Core's etf expected returns. We can calculate the autocorrelation of Avantis Core returns to help us make a trade decision. For example, suppose you find that Avantis Core has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Avantis Core regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Avantis Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantis Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avantis Core etf over time.
Current vs Lagged Prices |
| Timeline |
Avantis Core Lagged Returns
When evaluating Avantis Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avantis Core etf have on its future price. Avantis Core autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Avantis Core autocorrelation shows the relationship between Avantis Core etf current value and its past values and can show if there is a momentum factor associated with investing in Avantis Core Municipal.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Avantis Core Correlation, Avantis Core Volatility and Avantis Core Alpha and Beta module to complement your research on Avantis Core. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Avantis Core technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.