Avantis Equity Fund Market Value
| AVUSX Fund | USD 19.12 0.08 0.42% |
| Symbol | Avantis |
Avantis Equity '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 Equity's mutual fund 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 Equity.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Avantis Equity on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Avantis Equity or generate 0.0% return on investment in Avantis Equity over 90 days. Avantis Equity is related to or competes with Europac Gold, Short Precious, Precious Metals, James Balanced, Gabelli Gold, and Goldman Sachs. The fund invests primarily in a diverse group of U.S More
Avantis Equity 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 Equity's mutual fund 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 Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6523 | |||
| Information Ratio | 0.0245 | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.05 |
Avantis Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avantis Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avantis Equity's standard deviation. In reality, there are many statistical measures that can use Avantis Equity historical prices to predict the future Avantis Equity's volatility.| Risk Adjusted Performance | 0.1364 | |||
| Jensen Alpha | 0.0242 | |||
| Total Risk Alpha | 0.0126 | |||
| Sortino Ratio | 0.0285 | |||
| Treynor Ratio | 0.1399 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avantis Equity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Avantis Equity Backtested Returns
At this stage we consider Avantis Mutual Fund to be very steady. Avantis Equity secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Avantis Equity, which you can use to evaluate the volatility of the entity. Please confirm Avantis Equity's mean deviation of 0.5288, and Risk Adjusted Performance of 0.1364 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Avantis Equity returns are very sensitive to returns on the market. As the market goes up or down, Avantis Equity is expected to follow.
Auto-correlation | 0.81 |
Very good predictability
Avantis Equity has very good predictability. Overlapping area represents the amount of predictability between Avantis Equity time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th of December 2024. 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 Equity price movement. The serial correlation of 0.81 indicates that around 81.0% of current Avantis Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Avantis Equity lagged returns against current returns
Autocorrelation, which is Avantis Equity mutual fund'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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Avantis Equity returns to help us make a trade decision. For example, suppose you find that Avantis Equity has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantis Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avantis Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Avantis Equity Lagged Returns
When evaluating Avantis Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avantis Equity mutual fund have on its future price. Avantis Equity 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 Equity autocorrelation shows the relationship between Avantis Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Avantis Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Avantis Mutual Fund
Avantis Equity financial ratios help investors to determine whether Avantis Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Avantis with respect to the benefits of owning Avantis Equity security.
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