Avantis Small Cap Fund Market Value
| AVUVX Fund | USD 19.33 0.03 0.16% |
| Symbol | Avantis |
Avantis Us '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 Us' 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 Us.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Avantis Us on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Avantis Small Cap or generate 0.0% return on investment in Avantis Us over 360 days. Avantis Us is related to or competes with Virtus Real, Nuveen Real, Vanguard Reit, Prudential Real, Columbia Real, and Amg Managers. The fund invests primarily in a diverse group of U.S More
Avantis Us 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 Us' 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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.888 | |||
| Information Ratio | 0.0713 | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 2.07 |
Avantis Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avantis Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avantis Us' standard deviation. In reality, there are many statistical measures that can use Avantis Us historical prices to predict the future Avantis Us' volatility.| Risk Adjusted Performance | 0.1293 | |||
| Jensen Alpha | 0.0491 | |||
| Total Risk Alpha | 0.0089 | |||
| Sortino Ratio | 0.1082 | |||
| Treynor Ratio | 0.1491 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avantis Us' 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 Small Cap Backtested Returns
Avantis Us appears to be very steady, given 3 months investment horizon. Avantis Small Cap secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Avantis Small Cap, which you can use to evaluate the volatility of the entity. Please makes use of Avantis Us' mean deviation of 0.9163, and Risk Adjusted Performance of 0.1293 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.41, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avantis Us will likely underperform.
Auto-correlation | 0.51 |
Modest predictability
Avantis Small Cap has modest predictability. Overlapping area represents the amount of predictability between Avantis Us time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Small Cap price movement. The serial correlation of 0.51 indicates that about 51.0% of current Avantis Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Avantis Small Cap lagged returns against current returns
Autocorrelation, which is Avantis Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Avantis Us returns to help us make a trade decision. For example, suppose you find that Avantis Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avantis Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Avantis Us Lagged Returns
When evaluating Avantis Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avantis Us mutual fund have on its future price. Avantis Us 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 Us autocorrelation shows the relationship between Avantis Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Avantis Small Cap.
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 Us 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 Us security.
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