Avantis Emerging Correlations

Etfs . USA . 
Etf . Avantis Emerging Markets
AVES Etf  USD 55.28  0.13  0.24%   
The current 90-days correlation between Avantis Emerging Markets and Avantis International Small is -0.19 (i.e., Good 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

Good diversification

The correlation between Avantis Emerging Markets and DJI is -0.11 (i.e., Good 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.
  
Build AI portfolio with Avantis Etf
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

  0.97VWO Vanguard FTSE EmergingPairCorr
  0.99IEMG iShares Core MSCIPairCorr
  0.98EMC Global X FundsPairCorr
  0.98EEM iShares MSCI EmergingPairCorr
  0.94SPEM SPDR Portfolio EmergingPairCorr
  0.97FNDE Schwab FundamentalPairCorr
  0.98ESGE iShares ESG AwarePairCorr
  0.98SFGRX Seafarer OverseasPairCorr
  0.99DGS WisdomTree EmergingPairCorr
  0.99XSOE WisdomTree EmergingPairCorr
  0.98USD ProShares Ultra SemiPairCorr
  0.87GBTC Grayscale Bitcoin TrustPairCorr
  0.97DFEN Direxion Daily AerospacePairCorr
  0.97FNGO MicroSectors FANG IndexPairCorr
  0.94DUSL Direxion Daily IndusPairCorr
  0.97TECL Direxion Daily TechnologyPairCorr
  0.75DIG ProShares Ultra OilPairCorr
  0.99KEMQ KraneShares EmergingPairCorr
  0.77MMM 3M CompanyPairCorr
  0.86PFE Pfizer Inc Aggressive PushPairCorr
  0.96MSFT Microsoft Earnings Call This WeekPairCorr
  0.94BAC Bank of AmericaPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.95JPM JPMorgan ChasePairCorr
  0.89BA Boeing Earnings Call This WeekPairCorr
  0.83DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.87IBM International BusinessPairCorr
  0.92GE GE AerospacePairCorr

Moving against Avantis Etf

  0.6FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.54KO Coca ColaPairCorr
  0.43PG Procter Gamble Earnings Call This WeekPairCorr

Related Correlations Analysis

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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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