Avantis Emerging Correlations

Etfs . USA . 
Etf . Avantis Emerging Markets
AVEM Etf  USD 68.25  0.11  0.16%   
The current 90-days correlation between Avantis Emerging Markets and Avantis International Equity is 0.89 (i.e., Very poor diversification). 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.

Avantis Emerging Correlation With Market

Very poor diversification

The correlation between Avantis Emerging Markets 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 Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
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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.

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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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