Avantis Equity Etf Market Value
| AVUS Etf | USD 97.49 1.01 1.05% |
| Symbol | Avantis |
The market value of Avantis Equity ETF 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 Equity's value that differs from its market value or its book value, called intrinsic value, which is Avantis Equity'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 Equity's market value can be influenced by many factors that don't directly affect Avantis Equity'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 Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avantis Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avantis Equity'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 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 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 Equity.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Avantis Equity on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Avantis Equity ETF or generate 0.0% return on investment in Avantis Equity over 30 days. Avantis Equity is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares Russell. 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 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 Equity ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8249 | |||
| Information Ratio | 0.0191 | |||
| Maximum Drawdown | 6.69 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.03 |
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 | 0.0466 | |||
| Jensen Alpha | 0.0165 | |||
| Total Risk Alpha | 0.0149 | |||
| Sortino Ratio | 0.0189 | |||
| Treynor Ratio | 0.0394 |
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 ETF Backtested Returns
Currently, Avantis Equity ETF is very steady. Avantis Equity ETF secures Sharpe Ratio (or Efficiency) of 0.0613, which signifies that the etf had a 0.0613% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Avantis Equity ETF, which you can use to evaluate the volatility of the entity. Please confirm Avantis Equity's mean deviation of 0.5397, and Risk Adjusted Performance of 0.0466 to double-check if the risk estimate we provide is consistent with the expected return of 0.0507%. The etf shows a Beta (market volatility) of 0.96, 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 | -0.63 |
Very good reverse predictability
Avantis Equity ETF has very good reverse predictability. Overlapping area represents the amount of predictability between Avantis Equity time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 ETF price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Avantis Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 3.55 |
Avantis Equity ETF lagged returns against current returns
Autocorrelation, which is Avantis Equity 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 Equity's etf 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 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantis Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avantis Equity etf 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 etf 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 etf current value and its past values and can show if there is a momentum factor associated with investing in Avantis Equity ETF.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Avantis Equity Correlation, Avantis Equity Volatility and Avantis Equity Alpha and Beta module to complement your research on Avantis Equity. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Avantis Equity 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.