Avantis International Correlations

AVDV Etf  USD 63.82  0.99  1.53%   
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avantis International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avantis International Small moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Good diversification

The correlation between Avantis International Small and NYA is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Small and NYA 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 tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
  
The ability to find closely correlated positions to Avantis International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avantis International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avantis International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avantis International Small to buy it.

Moving together with Avantis Etf

  0.88FNDC Schwab FundamentalPairCorr
  0.93DLS WisdomTree InternationalPairCorr
  0.93PDN Invesco FTSE RAFIPairCorr
  1.0DISV Dimensional ETF TrustPairCorr
  0.93ISVL iShares InternationalPairCorr
  0.93DIM WisdomTree InternationalPairCorr
  0.9DDLS WisdomTree DynamicPairCorr
  0.93GVAL Cambria Global ValuePairCorr
  0.97FYLD Cambria Foreign SharPairCorr
  0.85UPRO ProShares UltraPro SP500PairCorr
  0.78QTJA Innovator ETFs TrustPairCorr
  0.88QTOC Innovator ETFs TrustPairCorr
  0.86XTOC Innovator ETFs TrustPairCorr
  0.87XTJA Innovator ETFs TrustPairCorr
  0.87XDJA Innovator ETFs TrustPairCorr

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Avantis International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in Avantis International Small?

The danger of trading Avantis International Small is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Avantis International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Avantis International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Avantis International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Avantis International is a strong investment it is important to analyze Avantis International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avantis International's future performance. For an informed investment choice regarding Avantis Etf, refer to the following important reports:
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 tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Avantis International information on this page should be used as a complementary analysis to other Avantis International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
The market value of Avantis International 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 International's value that differs from its market value or its book value, called intrinsic value, which is Avantis International'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 International's market value can be influenced by many factors that don't directly affect Avantis International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avantis International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avantis International'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.