Avantis International Equity Fund Market Value
| AVDEX Fund | USD 12.04 0.09 0.74% |
| Symbol | Avantis |
Avantis International '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 International'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 International.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Avantis International on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Avantis International Equity or generate 0.0% return on investment in Avantis International over 720 days. Avantis International is related to or competes with City National, Voya High, Pax High, Blackrock High, Artisan High, and Prudential High. The fund invests primarily in a diverse group of non-U.S More
Avantis International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7234 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.35 |
Avantis International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avantis International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avantis International's standard deviation. In reality, there are many statistical measures that can use Avantis International historical prices to predict the future Avantis International's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avantis International'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 International Backtested Returns
Avantis International secures Sharpe Ratio (or Efficiency) of -0.0193, which signifies that the fund had a -0.0193% return per unit of standard deviation over the last 3 months. Avantis International Equity exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avantis International's risk adjusted performance of 0.0028, and Mean Deviation of 0.5609 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Avantis International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avantis International is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Avantis International Equity has very weak predictability. Overlapping area represents the amount of predictability between Avantis International time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 International price movement. The serial correlation of 0.18 indicates that over 18.0% of current Avantis International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Avantis International lagged returns against current returns
Autocorrelation, which is Avantis International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Avantis International returns to help us make a trade decision. For example, suppose you find that Avantis International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantis International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Avantis International Lagged Returns
When evaluating Avantis International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avantis International mutual fund have on its future price. Avantis International 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 International autocorrelation shows the relationship between Avantis International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Avantis International 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 International 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 International security.
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