Avantis Emerging Markets Etf Market Value
| AVEM Etf | USD 57.02 0.47 0.83% |
| Symbol | Avantis |
The market value of Avantis Emerging Markets 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 Emerging's value that differs from its market value or its book value, called intrinsic value, which is Avantis Emerging'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 Emerging's market value can be influenced by many factors that don't directly affect Avantis Emerging'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 Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avantis Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avantis Emerging'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 Emerging '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 Emerging'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 Emerging.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Avantis Emerging on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Avantis Emerging Markets or generate 0.0% return on investment in Avantis Emerging over 720 days. Avantis Emerging is related to or competes with Pfizer, LSI Industries, Retirement Living, HP, Merck, Johnson Johnson, and Growth Fund. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry g... More
Avantis Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9161 | |||
| Information Ratio | 0.0123 | |||
| Maximum Drawdown | 4.42 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.34 |
Avantis Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avantis Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avantis Emerging's standard deviation. In reality, there are many statistical measures that can use Avantis Emerging historical prices to predict the future Avantis Emerging's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.0158 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.011 | |||
| Treynor Ratio | 0.0962 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avantis Emerging'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 Emerging Markets Backtested Returns
We consider Avantis Emerging very steady. Avantis Emerging Markets secures Sharpe Ratio (or Efficiency) of 0.0887, which signifies that the etf had a 0.0887% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Avantis Emerging Markets, which you can use to evaluate the volatility of the entity. Please confirm Avantis Emerging's risk adjusted performance of 0.0769, and Mean Deviation of 0.6068 to double-check if the risk estimate we provide is consistent with the expected return of 0.072%. The etf shows a Beta (market volatility) of 0.93, which signifies possible diversification benefits within a given portfolio. Avantis Emerging returns are very sensitive to returns on the market. As the market goes up or down, Avantis Emerging is expected to follow.
Auto-correlation | 0.41 |
Average predictability
Avantis Emerging Markets has average predictability. Overlapping area represents the amount of predictability between Avantis Emerging time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Emerging Markets price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Avantis Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 5.45 |
Avantis Emerging Markets lagged returns against current returns
Autocorrelation, which is Avantis Emerging 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 Emerging's etf expected returns. We can calculate the autocorrelation of Avantis Emerging returns to help us make a trade decision. For example, suppose you find that Avantis Emerging 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 Emerging 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 Emerging etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantis Emerging etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avantis Emerging etf over time.
Current vs Lagged Prices |
| Timeline |
Avantis Emerging Lagged Returns
When evaluating Avantis Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avantis Emerging etf have on its future price. Avantis Emerging 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 Emerging autocorrelation shows the relationship between Avantis Emerging etf current value and its past values and can show if there is a momentum factor associated with investing in Avantis Emerging Markets.
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 Emerging 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 Emerging's short interest history, or implied volatility extrapolated from Avantis Emerging options trading.
Pair Trading with Avantis Emerging
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 Emerging 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 Emerging will appreciate offsetting losses from the drop in the long position's value.Moving together with Avantis Etf
| 0.99 | VWO | Vanguard FTSE Emerging | PairCorr |
| 0.99 | IEMG | iShares Core MSCI Aggressive Push | PairCorr |
| 0.96 | EEM | iShares MSCI Emerging Aggressive Push | PairCorr |
| 0.98 | SPEM | SPDR Portfolio Emerging | PairCorr |
| 0.98 | FNDE | Schwab Fundamental | PairCorr |
Moving against Avantis Etf
| 0.86 | FNGD | MicroSectors FANG Index Downward Rally | PairCorr |
| 0.78 | HUM | Humana Inc Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Avantis Emerging 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 Emerging 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 Emerging - 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 Emerging Markets to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avantis Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avantis Emerging Markets 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 Emerging 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 Emerging Correlation, Avantis Emerging Volatility and Avantis Emerging Alpha and Beta module to complement your research on Avantis Emerging. Note that the Avantis Emerging Markets information on this page should be used as a complementary analysis to other Avantis Emerging'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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Avantis Emerging 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.