Avantis Emerging Markets Fund Market Value
| AVEEX Fund | USD 12.07 0.02 0.17% |
| Symbol | Avantis |
Avantis Emerging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Avantis Emerging's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Avantis Emerging.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Avantis Emerging on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Avantis Emerging Markets or generate 0.0% return on investment in Avantis Emerging over 540 days. Avantis Emerging is related to or competes with Hennessy Cornerstone, Fidelity Small, Mutual Of, Vanguard Small-cap, and Victory Rs. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry g... More
Avantis Emerging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Avantis Emerging's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Avantis Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.52 |
Avantis Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avantis Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avantis Emerging's standard deviation. In reality, there are many statistical measures that can use Avantis Emerging historical prices to predict the future Avantis Emerging's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avantis Emerging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Avantis Emerging Markets Backtested Returns
At this stage we consider Avantis Mutual Fund to be very steady. Avantis Emerging Markets secures Sharpe Ratio (or Efficiency) of 0.0173, which signifies that the fund had a 0.0173% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Avantis Emerging Markets, which you can use to evaluate the volatility of the entity. Please confirm Avantis Emerging's mean deviation of 0.7108, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.0162%. The fund shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Avantis Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avantis Emerging is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Avantis Emerging Markets has poor predictability. Overlapping area represents the amount of predictability between Avantis Emerging time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Avantis Emerging Markets price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Avantis Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Avantis Emerging Markets lagged returns against current returns
Autocorrelation, which is Avantis Emerging mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Avantis Emerging's mutual fund expected returns. We can calculate the autocorrelation of Avantis Emerging returns to help us make a trade decision. For example, suppose you find that Avantis Emerging has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Avantis Emerging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Avantis Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantis Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avantis Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Avantis Emerging Lagged Returns
When evaluating Avantis Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avantis Emerging mutual fund have on its future price. Avantis Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Avantis Emerging autocorrelation shows the relationship between Avantis Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Avantis Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Avantis Mutual Fund
Avantis Emerging financial ratios help investors to determine whether Avantis Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Avantis with respect to the benefits of owning Avantis Emerging security.
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