Avantis International Equity Etf Market Value
| AVDE Etf | USD 62.46 0.55 0.89% |
| Symbol | Avantis |
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.
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 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 International.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in Avantis International on October 27, 2023 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 180 days. Avantis International is related to or competes with SPDR MSCI, SPDR MSCI, SPDR MSCI, SPDR SSGA, and SPDR Russell. 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 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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.696 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.14 |
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 | 0.0873 | |||
| Jensen Alpha | 0.0038 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0895 |
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
We consider Avantis International very steady. Avantis International secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Avantis International Equity, which you can use to evaluate the volatility of the entity. Please confirm Avantis International's mean deviation of 0.5011, and Risk Adjusted Performance of 0.0873 to double-check if the risk estimate we provide is consistent with the expected return of 0.0747%. The etf shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. Avantis International returns are very sensitive to returns on the market. As the market goes up or down, Avantis International is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
Avantis International Equity has very good predictability. Overlapping area represents the amount of predictability between Avantis International time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th of April 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 0.87 indicates that approximately 87.0% of current Avantis International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 2.17 |
Avantis International lagged returns against current returns
Autocorrelation, which is Avantis International 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 International's etf 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 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantis International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avantis International etf 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 etf 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 etf 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Avantis International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Avantis International's short interest history, or implied volatility extrapolated from Avantis International options trading.
Pair Trading with Avantis International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avantis International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avantis International will appreciate offsetting losses from the drop in the long position's value.Moving together with Avantis Etf
| 0.96 | VEA | Vanguard FTSE Developed Aggressive Push | PairCorr |
| 0.98 | IEFA | iShares Core MSCI | PairCorr |
| 0.98 | VEU | Vanguard FTSE All | PairCorr |
| 0.98 | EFA | iShares MSCI EAFE Aggressive Push | PairCorr |
| 0.98 | IXUS | iShares Core MSCI | PairCorr |
Moving against Avantis Etf
| 0.72 | HUM | Humana Inc Earnings Call Today | PairCorr |
| 0.7 | FNGD | MicroSectors FANG Index Downward Rally | PairCorr |
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 Equity to buy it.
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 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.
Correlation analysis and pair trading evaluation for Avantis International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Avantis International Correlation, Avantis International Volatility and Avantis International Alpha and Beta module to complement your research on Avantis International. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Avantis International 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.