Avantis Equity Correlations

Etfs . USA . 
Etf . Avantis Equity ETF
AVUS Etf  USD 102.51  0.03  0.03%   
The current 90-days correlation between Avantis Equity ETF and Avantis International Equity is 0.56 (i.e., Very weak diversification). The correlation of Avantis Equity 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 Equity Correlation With Market

Almost no diversification

The correlation between Avantis Equity ETF and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Equity ETF 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 Equity ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Avantis Etf

  1.0VTI Vanguard Total Stock Sell-off TrendPairCorr
  1.0SPY SPDR SP 500 Sell-off TrendPairCorr
  1.0IVV iShares Core SP Sell-off TrendPairCorr
  0.99VIG Vanguard DividendPairCorr
  1.0VV Vanguard Large CapPairCorr
  1.0RSP Invesco SP 500 Sell-off TrendPairCorr
  1.0IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  1.0DFAC Dimensional Core Equity Sell-off TrendPairCorr
  1.0SPLG SPDR Portfolio SP Sell-off TrendPairCorr
  0.99VTV Vanguard Value IndexPairCorr
  1.0VUG Vanguard Growth IndexPairCorr
  1.0VO Vanguard Mid CapPairCorr
  0.97VEA Vanguard FTSE DevelopedPairCorr
  0.99VB Vanguard Small CapPairCorr
  0.9VABS Virtus Newfleet ABSMBSPairCorr
  0.83KGRN KraneShares MSCI ChinaPairCorr
  0.71EUSB iShares TrustPairCorr
  0.98BUFD FT Cboe VestPairCorr
  0.96DIS Walt DisneyPairCorr
  0.93AA Alcoa CorpPairCorr
  0.93MMM 3M CompanyPairCorr
  0.83CVX Chevron CorpPairCorr
  0.86PFE Pfizer IncPairCorr
  0.92DD Dupont De NemoursPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.62XOM Exxon Mobil CorpPairCorr
  0.98BAC Bank of AmericaPairCorr
  0.98CAT CaterpillarPairCorr
  0.98JPM JPMorgan ChasePairCorr
  0.79INTC Intel Earnings Call This WeekPairCorr

Moving against Avantis Etf

  0.65MCD McDonaldsPairCorr
  0.51PG Procter GamblePairCorr
  0.37VZ Verizon Communications Earnings Call This WeekPairCorr

Related Correlations Analysis

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Avantis Equity Constituents Risk-Adjusted Indicators

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