Avantis International Correlations

Etfs . USA . 
Etf . Avantis International Small
AVDV Etf  USD 70.13  0.67  0.96%   
The current 90-days correlation between Avantis International and Avantis Small Cap is 0.75 (i.e., Poor diversification). The correlation of Avantis International 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 International Correlation With Market

Very poor diversification

The correlation between Avantis International Small and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Small 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 International Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Avantis Etf

  0.97FNDC Schwab FundamentalPairCorr
  0.99DLS WisdomTree InternationalPairCorr
  0.97PDN Invesco FTSE RAFIPairCorr
  0.99DISV Dimensional ETF TrustPairCorr
  0.96GPGCX Grandeur Peak GlobalPairCorr
  0.99ISVL iShares InternationalPairCorr
  0.95DIM WisdomTree InternationalPairCorr
  0.99DDLS WisdomTree DynamicPairCorr
  0.91GVAL Cambria Global ValuePairCorr
  0.65GREI Goldman Sachs FuturePairCorr
  0.7DHF BNY Mellon HighPairCorr
  0.66FNTC DirexionPairCorr
  0.92ARP Advisors Inner CirclePairCorr
  0.7PXMV Invesco SP MidCapPairCorr
  0.69IGA Voya Global AdvantagePairCorr
  0.89BCIL Exchange Listed FundsPairCorr
  0.89FDEV Fidelity InternationalPairCorr
  0.84DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.61T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.8WMT WalmartPairCorr
  0.91AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.82CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.75GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.91CSCO Cisco SystemsPairCorr
  0.71IBM International Business Fiscal Year End 22nd of January 2025 PairCorr

Related Correlations Analysis

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Avantis International Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis International 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 International'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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