Avantis Emerging Correlations

Etfs . USA . 
Etf . Avantis Emerging Markets
AVES Etf  USD 49.51  0.31  0.62%   
The current 90-days correlation between Avantis Emerging Markets and Avantis International Small is 0.73 (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

Average diversification

The correlation between Avantis Emerging Markets and DJI is 0.15 (i.e., Average 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Avantis Etf

  0.93VWO Vanguard FTSE EmergingPairCorr
  0.99IEMG iShares Core MSCIPairCorr
  0.96EMC Global X FundsPairCorr
  0.98EEM iShares MSCI Emerging Aggressive PushPairCorr
  0.82SPEM SPDR Portfolio EmergingPairCorr
  0.8FNDE Schwab FundamentalPairCorr
  0.98ESGE iShares ESG AwarePairCorr
  0.85DGS WisdomTree EmergingPairCorr
  0.97XSOE WisdomTree EmergingPairCorr
  0.73EMXC iShares MSCI EmergingPairCorr
  0.62MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.87DD Dupont De Nemours Sell-off TrendPairCorr

Moving against Avantis Etf

  0.53GBTC Grayscale Bitcoin TrustPairCorr
  0.34FNGU MicroSectors FANG Index Buyout TrendPairCorr
  0.34FNGO MicroSectors FANG IndexPairCorr
  0.34FNGS MicroSectors FANG ETNPairCorr
  0.52BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.52TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.49JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.43WMT WalmartPairCorr

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   
AVLV
+ 0.98
AVUV
AVDE
+ 0.97
AVDV
AVEM
+ 0.7
AVDV
AVDE
+ 0.7
AVEM
  
High negative correlations   
AVDE
- 0.53
AVLV
AVDE
- 0.52
AVUV
AVLV
- 0.39
AVDV
AVUV
- 0.38
AVDV
AVEM
- 0.3
AVUV
AVLV
- 0.23
AVEM

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.

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