Avantis International Correlations

Mutual Funds . USA . 
Fund . Avantis International Small
AVANX Fund  USD 15.32  0.02  0.13%   
The current 90-days correlation between Avantis International and American Century Etf is 0.31 (i.e., Weak diversification). The correlation of Avantis International 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Avantis International Correlation With Market

Modest diversification

The correlation between Avantis International Small and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Small 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 International Small. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Avantis Mutual Fund

  0.8AVBNX American Century EtfPairCorr
  0.98AVDEX Avantis InternationalPairCorr
  0.95AVCNX American Century EtfPairCorr
  0.98AVEEX Avantis Emerging MarketsPairCorr
  1.0AVDVX Avantis InternationalPairCorr
  0.99AVDNX Avantis InternationalPairCorr
  0.98AVENX Avantis Emerging MarketsPairCorr
  0.79AVIGX American Century EtfPairCorr
  0.95AVLVX American Century EtfPairCorr
  0.95AVSBX Avantis Small CapPairCorr
  0.94AVUVX Avantis Small CapPairCorr
  0.96AVUSX Avantis EquityPairCorr
  0.96AVUNX Avantis EquityPairCorr
  0.95ALCEX Avantis Large CapPairCorr
  1.0DISVX Dfa International SmallPairCorr
  0.99DFVQX Dfa International VectorPairCorr
  1.0FMNEX Free Market InternationalPairCorr
  0.98OANEX Oakmark InternationalPairCorr
  0.97KGGIX Kopernik Global AllPairCorr
  0.97KGGAX Kopernik Global AllPairCorr
  0.98OAZEX Oakmark InternationalPairCorr
  0.98OAYEX Oakmark InternationalPairCorr
  0.98OAKEX Oakmark InternationalPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.98VTISX Vanguard Total InterPairCorr
  0.98VTSNX Vanguard Total InterPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  0.97VINIX Vanguard InstitutionalPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97FNPFX New PerspectivePairCorr
  0.97REMAX Emerging MarketsPairCorr
  0.96BWLIX American Beacon BridgewayPairCorr
  0.97FNCMX Fidelity Nasdaq PositePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis International Mutual Fund 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 International'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
AVANX  0.50  0.23  0.19  1.36  0.00 
(0.61)
 1.11 
(0.88)
 2.67 
AVBNX  0.25  0.01 (0.32) 0.30  0.19 
(0.31)
 0.61 
(0.36)
 1.22 
AVDEX  0.47  0.16  0.10  0.63  0.18 
(0.53)
 1.22 
(0.99)
 2.61 
AVCNX  0.94  0.13  0.13  0.26  0.77 
(1.15)
 2.49 
(1.52)
 6.37 
AVEEX  0.50  0.23  0.19  0.63  0.00 
(0.63)
 1.66 
(0.98)
 3.93 
AVDVX  0.49  0.23  0.20  1.38  0.00 
(0.62)
 1.11 
(0.88)
 2.75 
AVDNX  0.48  0.16  0.09  0.62  0.26 
(0.54)
 1.22 
(1.05)
 2.75 
AVENX  0.50  0.23  0.21  0.63  0.00 
(0.63)
 1.75 
(1.02)
 3.92 
AVGNX  0.02  0.00  0.00  0.65  0.00 
 0.00 
 0.10 
 0.00 
 0.42 
AVIGX  0.26  0.02 (0.30) 0.46  0.22 
(0.31)
 0.49 
(0.48)
 1.22 

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