Avantis Core Competition

Etfs . USA . 
Etf . Avantis Core Municipal
AVMU Etf  USD 46.87  0.02  0.04%   
Avantis Core Municipal competes with Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and Sitka Gold; as well as few others. Analyzing Avantis Core competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Avantis Core to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Avantis Core Correlation with its peers.

Avantis Core vs Lottery Correlation

Very good diversification

The correlation between Avantis Core Municipal and SEGG is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Core Municipal and SEGG in the same portfolio, assuming nothing else is changed.

Moving together with Avantis Etf

  0.97MUB iShares National MuniPairCorr
  0.97VTEB Vanguard Tax ExemptPairCorr
  0.96FMB First Trust ManagedPairCorr
  0.98ITM VanEck Intermediate MuniPairCorr
  0.98DFNM Dimensional ETF TrustPairCorr

Moving against Avantis Etf

  0.4HUM Humana IncPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
46.7546.8746.99
Details
Intrinsic
Valuation
LowRealHigh
46.5746.6951.56
Details

Avantis Core Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Avantis Core and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Avantis and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Avantis Core Municipal does not affect the price movement of the other competitor.

High positive correlations

RRTLX
+ 0.99
MSTSX
RRTLX
+ 0.92
VIASP
RWAYL
+ 0.91
RRTLX
VIASP
+ 0.9
MSTSX
RWAYL
+ 0.89
VIASP
RWAYL
+ 0.87
MSTSX
  

High negative correlations

RWAYL
- 0.73
SITKF
SITKF
- 0.67
VIASP
SEGI
- 0.66
VIASP
SITKF
- 0.63
LBHIX
SEGI
- 0.6
RWAYL
SEGI
- 0.6
RRTLX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MSTSX  0.65  0.15  0.18  0.26  0.34 
(0.79)
 1.45 
(1.12)
 12.34 
LBHIX  0.13  0.04 (0.12) 0.43  0.00 
(0.24)
 0.24 
(0.23)
 2.15 
VIASP  0.28  0.04 (0.06) 2.64  0.26 
(0.32)
 0.68 
(0.69)
 2.04 
RRTLX  0.28  0.05  0.03  0.20  0.05 
(0.35)
 0.58 
(0.49)
 3.30 
WQTM  1.78 (0.15) 0.00 (0.04) 0.00 
 0.00 
 3.48 
(3.52)
 9.00 
OSHDF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
SITKF  2.72 (0.29) 0.00 (0.19) 0.00 
 0.00 
 4.55 
(6.67)
 16.83 
RWAYL  0.11  0.03 (0.21) 0.93  0.00 
(0.14)
 0.24 
(0.20)
 0.69 
SEGI  11.12  0.69  0.02 (0.39) 12.04 
(28.85)
 33.33 
(25.00)
 58.33 
SEGG  11.08 (0.21) 0.00 (0.17) 0.00 
 0.00 
 28.00 
(16.76)
 101.30 

Avantis Core Competitive Analysis

The better you understand Avantis Core competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Avantis Core's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Avantis Core's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
AVMU MSTSX LBHIX VIASP RRTLX WQTM OSHDF SITKF RWAYL SEGI
 0.04 
 46.87 
Avantis
 0.44 
 11.29 
Morningstar
 0.06 
 17.21 
Thrivent
 0.04 
 25.61 
Via
 0.15 
 12.96 
RRTLX
 1.99 
 26.65 
WisdomTree
 0.00 
 0.04 
Oshidori
 2.94 
 0.66 
Sitka
 0.48 
 25.10 
MSCI
 25.00 
 0.0003 
Sycamore
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Abnormally volatile
Very steady
Out of control
Market Performance
(90 Days Performance)
High
Good
Solid
Fair
Solid
Soft
Weakest
Weakest
Solid
Soft
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Average
Low
Fair
High
High
Low
Risky
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Strong Sell
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Buy
Strong Sell
Strong Hold
Strong Hold
Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
N/A
3.49
N/A
N/A
N/A
4.24
N/A
0.01
Net Asset
37.49 M
116.1 M
797.1 M
355.28 M
1.46 B
N/A
6.31 B
13.41 M
N/A
N/A
EBITDA
N/A
N/A
N/A
33.09 M
N/A
N/A
(3.49 B)
(1.57 M)
N/A
(518.61 K)
Operating Margin
N/A
N/A
N/A
-0.14
N/A
N/A
1.04
N/A
N/A
N/A
Five Year Return
0.9
8.74
4.0
8.97
0.0406
N/A
N/A
N/A
N/A
N/A
One Year Return
5.0
14.77
7.95
N/A
0.067
N/A
N/A
N/A
N/A
N/A
Beta
0.93
N/A
N/A
1.16
N/A
N/A
0.67
1.45
N/A
47.75
Number Of Employees
N/A
1
1
169
1
N/A
31
1
N/A
5
Three Year Return
3.8
12.65
8.04
N/A
0.0491
N/A
N/A
N/A
N/A
N/A
Cash Flow From Operations
N/A
N/A
N/A
12.7 M
N/A
N/A
499.26 M
(1.27 M)
N/A
(36.81 K)
Total Debt
N/A
N/A
N/A
135 M
N/A
N/A
N/A
40 K
N/A
1.11 M
Bond Positions Weight
N/A
22.72
92.23
N/A
14.43
N/A
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
269.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
-0.11
N/A
N/A
-0.46
-0.033
N/A
-0.29
Current Liabilities
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
6.11 M
Debt To Equity
N/A
N/A
N/A
0.69
N/A
N/A
N/A
0.002
N/A
N/A
Short Ratio
N/A
N/A
N/A
0.7
N/A
N/A
N/A
N/A
N/A
0.99
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
0.84
10.92
N/A
N/A
Market Capitalization
N/A
50.36 M
N/A
N/A
N/A
N/A
233.49 M
12.62 M
N/A
182.09 K
Price To Earning
N/A
N/A
35.48
26.83
18.25
N/A
N/A
N/A
N/A
-0.7
Price To Sales
N/A
N/A
1.23
N/A
1.57
N/A
N/A
N/A
N/A
21.89
Net Income
N/A
N/A
N/A
5.2 M
N/A
N/A
(3.15 B)
(1.28 M)
N/A
(231.72 M)
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
30.28
5.97
N/A
N/A
Year To Date Return
N/A
2.82
0.59
N/A
-0.0211
N/A
N/A
N/A
N/A
N/A
Revenue
N/A
N/A
N/A
393.49 M
N/A
N/A
(3.1 B)
N/A
N/A
80.23 K
Working Capital
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(5.94 M)
Profit Margin
N/A
N/A
N/A
0.0094
N/A
N/A
N/A
N/A
N/A
N/A
Price To Book
N/A
N/A
1.58
N/A
2.13
N/A
0.005
1.1
N/A
18.03
Current Valuation
N/A
N/A
N/A
535.95 M
N/A
N/A
103.84 M
8.05 M
N/A
182.08 K
Retained Earnings
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(7.29 M)
Current Asset
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
172 K
Cash Position Weight
N/A
14.28
6.56
N/A
7.22
N/A
N/A
N/A
N/A
N/A
Equity Positions Weight
N/A
61.63
0.07
N/A
38.52
N/A
N/A
N/A
N/A
N/A
Shares Outstanding
N/A
N/A
N/A
N/A
N/A
N/A
6.11 B
159.12 M
N/A
91.04 M
Annual Yield
N/A
0.0218
0.0619
0.0972
0.0283
N/A
N/A
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
0.017
N/A
N/A
-0.5
-0.0611
N/A
N/A
Z Score
N/A
N/A
N/A
1.0
N/A
N/A
N/A
N/A
N/A
-10.4
Number Of Shares Shorted
N/A
N/A
N/A
4.29 K
N/A
N/A
N/A
N/A
2.16 K
26.01 K
Book Value Per Share
N/A
N/A
N/A
3.66
N/A
N/A
0.89
0.1
N/A
-0.12
Minimum Initial Investment
N/A
N/A
2 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
37.49 M
215.11 M
491.38 M
355.28 M
1.03 B
N/A
6.31 B
13.41 M
N/A
1.48 M
Last Dividend Paid
0.0356
N/A
0.02
0.73
0.14
N/A
N/A
N/A
N/A
N/A
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.0
Earnings Per Share
N/A
N/A
N/A
1.17
N/A
N/A
N/A
-0.01
N/A
-0.12
Ten Year Return
N/A
N/A
6.0
N/A
5.76
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
51.31 M
N/A
N/A
N/A
5.77 M
N/A
605
Cash Per Share
N/A
N/A
N/A
3.23
N/A
N/A
N/A
0.04
N/A
N/A
Gross Profit
N/A
N/A
N/A
74.67 M
N/A
N/A
(4.09 B)
N/A
N/A
(9.61 K)
Day Typical Price
46.89
11.29
17.21
25.64
12.96
26.47
0.036
0.66
25.08
3.0E-4
Accumulation Distribution
0.0019
N/A
N/A
0.0039
N/A
0.0288
N/A
0.0149
0.0048
0.25
Market Facilitation Index
0.09
N/A
N/A
0.1
N/A
0.77
N/A
0.01
0.12
1.0E-4
Daily Balance Of Power
0.2222
9.2 T
0
0.1
9.2 T
0.6753
0.0
(2.00)
1.0
(1.00)
Period Momentum Indicator
0.02
0.05
(0.01)
0.01
0.02
0.52
N/A
(0.02)
0.12
(0.0001)
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.0
1.02
1.0
0.97
1.0
0.75
Day Median Price
46.9
11.29
17.21
25.65
12.96
26.39
0.036
0.67
25.07
4.0E-4
Price Action Indicator
(0.01)
0.025
(0.01)
(0.04)
0.01
0.52
N/A
(0.01)
0.09
(0.0001)
Coefficient Of Variation
277.3
716.28
508.53
814.8
548.07
(4,792)
N/A
(1,741)
366.21
2790.59
Mean Deviation
0.1007
0.6513
0.1339
0.284
0.2759
1.78
N/A
2.72
0.1096
11.12
Jensen Alpha
0.0361
0.1511
0.0372
0.0361
0.0496
(0.15)
N/A
(0.29)
0.0279
0.6886
Total Risk Alpha
0.0268
0.0866
0.0231
0.0085
0.0375
(0.23)
N/A
(0.49)
0.019
(0.66)
Sortino Ratio
(0.17)
0.1849
(0.12)
(0.06)
0.0267
N/A
N/A
N/A
(0.21)
0.023
Downside Variance
0.0201
0.5444
0.018
0.1628
0.147
N/A
N/A
N/A
0.0215
541.07
Standard Deviation
0.1286
1.48
0.2707
0.3828
0.4394
2.27
N/A
3.62
0.146
16.91
Kurtosis
0.1014
42.39
35.42
0.9876
13.84
0.1359
N/A
0.872
0.9869
(0.29)
Potential Upside
0.2195
1.45
0.2418
0.683
0.5785
3.48
N/A
4.55
0.2417
33.33
Treynor Ratio
8.46
0.2599
0.4336
2.64
0.2048
(0.04)
N/A
(0.19)
0.9275
(0.39)
Maximum Drawdown
0.6715
12.34
2.15
2.04
3.3
9.0
N/A
16.83
0.691
58.33
Variance
0.0165
2.19
0.0733
0.1466
0.1931
5.14
N/A
13.09
0.0213
286.04
Market Risk Adjusted Performance
8.47
0.2699
0.4436
2.65
0.2148
(0.03)
N/A
(0.18)
0.9375
(0.38)
Risk Adjusted Performance
0.2382
0.1172
0.1389
0.088
0.1389
(0.01)
N/A
(0.04)
0.1751
0.0384
Skewness
(0.34)
5.86
5.24
(0.18)
2.46
0.0244
N/A
0.3645
0.1145
0.408
Semi Deviation
0.0
0.3397
0.0
0.261
0.0473
N/A
N/A
N/A
0.0
12.04
Information Ratio
(0.18)
0.0923
(0.06)
(0.06)
0.0233
(0.05)
N/A
(0.08)
(0.21)
0.0317
Value At Risk
(0.17)
(1.12)
(0.23)
(0.69)
(0.49)
(3.52)
N/A
(6.67)
(0.20)
(25.00)
Expected Short fall
(0.12)
(0.79)
(0.24)
(0.32)
(0.35)
N/A
N/A
N/A
(0.14)
(28.85)
Downside Deviation
0.1418
0.7378
0.134
0.4034
0.3834
N/A
N/A
N/A
0.1466
23.26
Semi Variance
(0.04)
0.1154
(0.05)
0.0681
0.0022
N/A
N/A
N/A
(0.03)
145.06

Avantis Core Competition Performance Charts

Five steps to successful analysis of Avantis Core Competition

Avantis Core's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Avantis Core Municipal in relation to its competition. Avantis Core's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Avantis Core in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Avantis Core's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Avantis Core Municipal, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Avantis Core position

In addition to having Avantis Core in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Silver Theme or any other thematic opportunities.
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When determining whether Avantis Core Municipal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Avantis Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Avantis Core Municipal Etf. Highlighted below are key reports to facilitate an investment decision about Avantis Core Municipal Etf:
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Avantis Core Municipal's market price often diverges from its book value, the accounting figure shown on Avantis's balance sheet. Smart investors calculate Avantis Core's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since Avantis Core's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
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Buy or Sell
Advice
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Understanding that Avantis Core's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Avantis Core represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. However, Avantis Core'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.
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