Avantis All Correlations

AVGE Etf

USD 76.56 0.42 0.55%

The current 90-days correlation between Avantis All Equity and Avantis Small Cap is 0.85 (i.e., Very poor diversification). The correlation of Avantis All 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 All Correlation With Market

Very poor diversification

The correlation between Avantis All Equity and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis All Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis All Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Avantis Etf

0.91	VT	Vanguard Total World	Pair Corr
0.96	ACWI	iShares MSCI ACWI	Pair Corr
0.8	IOO	iShares Global 100	Pair Corr
0.98	URTH	iShares MSCI World	Pair Corr
0.98	CRBN	iShares MSCI ACWI	Pair Corr
0.89	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.98	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.96	SPGM	SPDR Portfolio MSCI	Pair Corr
0.79	VR	VR	Pair Corr
0.93	KONG	Formidable Fortress ETF	Pair Corr
0.94	JAVA	JPMorgan Active Value	Pair Corr
0.87	SHLD	Global X Funds	Pair Corr
0.78	ETH	Grayscale Ethereum Mini	Pair Corr
0.9	EOS	Eaton Vance Enhanced	Pair Corr
0.92	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.79	WMT	Walmart Aggressive Push	Pair Corr
0.86	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.91	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.87	HD	Home Depot	Pair Corr
0.7	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.9	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.79	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Avantis Etf

0.32	SDG	iShares MSCI Global	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.59	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	AVUV	AVDV	AVUS	AVES	AVDE
AVUV		-0.35	0.96	-0.13	-0.48	AVUV
AVDV	-0.35		-0.31	0.76	0.98	AVDV
AVUS	0.96	-0.31		0.0	-0.45	AVUS
AVES	-0.13	0.76	0.0		0.71	AVES
AVDE	-0.48	0.98	-0.45	0.71		AVDE
	AVUV	AVDV	AVUS	AVES	AVDE

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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

AVDE	+ 0.98	AVDV
AVUS	+ 0.96	AVUV
AVES	+ 0.76	AVDV
AVDE	+ 0.71	AVES
AVES	+ 0.0	AVUS

High negative correlations

AVDE	- 0.48	AVUV
AVDE	- 0.45	AVUS
AVDV	- 0.35	AVUV
AVUS	- 0.31	AVDV
AVES	- 0.13	AVUV
AVES	- 0.0	AVUS

Avantis All Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis All 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 All'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
AVUV	0.95	(0.03)	0.04	0.11	0.77	(1.14)	2.15	(1.48)	8.70
AVDV	0.64	(0.09)	0.00	(0.07)	0.00	0.00	1.32	(1.55)	3.62
AVUS	0.58	0.01	0.01	0.14	0.61	(0.64)	1.03	(1.07)	4.58
AVES	0.82	(0.06)	0.00	(0.03)	0.00	0.00	1.78	(1.87)	6.52
AVDE	0.63	(0.10)	0.00	(0.09)	0.00	0.00	1.23	(1.38)	3.83

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