Avantis Emerging Correlations

AVXC Etf

61.35 0.09 0.15%

The current 90-days correlation between Avantis Emerging Markets and Alpha Architect International is 0.63 (i.e., Poor diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Avantis Emerging Correlation With Market

Very weak diversification

The correlation between Avantis Emerging Markets and DJI is 0.5 (i.e., Very weak 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.

Build AI portfolio with Avantis Etf

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 consumer price index.

Moving together with Avantis Etf

0.98	VWO	Vanguard FTSE Emerging	Pair Corr
0.99	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.99	EEM	iShares MSCI Emerging	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.96	FNDE	Schwab Fundamental	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.93	SFGRX	Seafarer Overseas	Pair Corr
0.85	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.86	USD	ProShares Ultra Semi	Pair Corr
0.94	BULZ	MicroSectors Solactive	Pair Corr
0.9	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.92	FNGO	MicroSectors FANG Index	Pair Corr
0.93	GDXU	MicroSectors Gold Miners	Pair Corr
0.93	JNUG	Direxion Daily Junior	Pair Corr
0.93	NUGT	Direxion Daily Gold	Pair Corr
0.93	FNGG	Direxion Daily Select	Pair Corr
0.92	GDMN	WisdomTree Efficient Gold	Pair Corr
0.91	PJUN	Innovator SP 500	Pair Corr
0.94	AUGZ	TrueShares Structured	Pair Corr
0.78	LITP	Sprott Lithium Miners	Pair Corr
0.9	GLD	SPDR Gold Shares	Pair Corr
0.88	ANEW	ProShares MSCI Trans	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.9	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.79	JPM	JPMorgan Chase	Pair Corr
0.76	BAC	Bank of America	Pair Corr

Moving against Avantis Etf

0.75	BA	Boeing	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.36	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	IVAL	IDRV	IFV	DFE	AVGV	FIDI	TUR	XPH	HSCZ	WTMF
IVAL		0.82	0.89	0.53	0.94	0.94	0.05	0.9	0.93	0.79	IVAL
IDRV	0.82		0.9	0.52	0.92	0.87	0.04	0.84	0.88	0.88	IDRV
IFV	0.89	0.9		0.66	0.89	0.97	0.03	0.86	0.93	0.84	IFV
DFE	0.53	0.52	0.66		0.53	0.59	0.28	0.34	0.46	0.26	DFE
AVGV	0.94	0.92	0.89	0.53		0.9	0.0	0.91	0.92	0.85	AVGV
FIDI	0.94	0.87	0.97	0.59	0.9		0.01	0.91	0.94	0.82	FIDI
TUR	0.05	0.04	0.03	0.28	0.0	0.01		-0.05	-0.03	-0.24	TUR
XPH	0.9	0.84	0.86	0.34	0.91	0.91	-0.05		0.9	0.82	XPH
HSCZ	0.93	0.88	0.93	0.46	0.92	0.94	-0.03	0.9		0.91	HSCZ
WTMF	0.79	0.88	0.84	0.26	0.85	0.82	-0.24	0.82	0.91		WTMF
	IVAL	IDRV	IFV	DFE	AVGV	FIDI	TUR	XPH	HSCZ	WTMF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FIDI	+ 0.97	IFV
AVGV	+ 0.94	IVAL
FIDI	+ 0.94	IVAL
HSCZ	+ 0.94	FIDI
HSCZ	+ 0.93	IVAL
HSCZ	+ 0.93	IFV

High negative correlations

WTMF	- 0.24	TUR
XPH	- 0.05	TUR
HSCZ	- 0.03	TUR
TUR	- 0.0	AVGV

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IVAL	0.68	0.12	0.14	0.18	0.59	(0.81)	1.48	(0.87)	5.90
IDRV	1.04	0.08	0.07	0.11	1.30	(1.11)	2.13	(1.97)	8.46
IFV	0.60	0.03	0.03	0.09	0.68	(0.68)	1.48	(1.28)	3.46
DFE	0.54	(0.04)	(0.07)	0.00	0.69	(0.60)	1.01	(1.12)	4.23
AVGV	0.51	0.02	0.03	0.07	0.61	(0.53)	1.41	(0.83)	4.97
FIDI	0.50	0.06	0.06	0.13	0.48	(0.57)	0.94	(0.95)	3.13
TUR	0.99	(0.06)	0.00	(1.59)	0.00	0.00	2.13	(2.06)	8.19
XPH	0.92	0.14	0.12	0.19	0.91	(1.00)	2.23	(1.84)	5.33
HSCZ	0.40	0.04	0.05	0.12	0.41	(0.49)	0.99	(0.62)	3.66
WTMF	0.36	0.07	0.11	0.18	0.25	(0.41)	0.84	(0.68)	2.52

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