Avantis Core Correlations

Etfs . USA . 
Etf . Avantis Core Municipal
AVMU Etf  USD 44.49  0.02  0.04%   
The current 90-days correlation between Avantis Core Municipal and Avantis Core Fixed is 0.72 (i.e., Poor diversification). The correlation of Avantis Core 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 Core Correlation With Market

Significant diversification

The correlation between Avantis Core Municipal and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Core Municipal and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Avantis Etf
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis Core Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Avantis Etf

  0.96MUB iShares National Muni Sell-off TrendPairCorr
  0.96VTEB Vanguard Tax ExemptPairCorr
  0.95FMB First Trust ManagedPairCorr
  0.88ITM VanEck Intermediate MuniPairCorr
  0.89MMIT IQ MacKay MunicipalPairCorr
  0.87HMOP Hartford MunicipalPairCorr
  0.94TAXF American Century DivPairCorr
  0.91JMUB JPMorgan MunicipalPairCorr
  0.8MUST Columbia Multi SectorPairCorr
  0.93MINO PIMCO ETF TrustPairCorr
  0.67OIH VanEck Oil ServicesPairCorr
  0.72IRET iREIT MarketVectorPairCorr

Related Correlations Analysis

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Avantis Core Constituents Risk-Adjusted Indicators

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