AVEM Stock Summary and Trading Ideas (Avantis Emerging Markets Equity ETF | ARCA:AVEM)

The fund seeks long-term capital appreciation & securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies it defines as high profitability or value companies. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of large companies with lower levels of profitability and higher prices relative to their book values or other financial metrics. To identify small capitalization, high profitability, or value companies, the portfolio managers may use reported and estimated company financials and market data including, but not limited to, shares outstanding, book value and its components, cash flows, revenue, expenses, accruals and income. Value companies may be defined as those with lower price relative to book value ratio or other fundamental value. High profitability companies may be defined as those with higher cash based operating profitability. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries.

Avantis Emerging Markets Equity ETF trades on the ARCA stock market under the symbol AVEM.

As of April 19, 2024, AVEM stock price declined to $56.55 with 224,563 million shares trading.

AVEM has a beta of 0.84, meaning it tends to be less sensitive to market movements. AVEM has a correlation of 0.56 to the broad based SPY ETF.

AVEM has a market cap of $4.99 billion. This is considered a Mid Cap stock.

In the last 3 years, AVEM stock traded as high as $70.48 and as low as $44.37.

AVEM stock has underperformed the market in the last year with a return of +9.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AVEM shares. However, AVEM has outperformed the market in the last 3 month and 2 week periods, returning +4.6% and -3.3%, while SPY returned +3.0% and -4.5%, respectively. This indicates AVEM has been having a stronger performance recently.

AVEM support price is $56.17 and resistance is $57.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVEM stock will trade within this expected range on the day.