Avantis International Correlations

Mutual Funds . USA . 
Fund . Avantis International Equity
AVDNX Fund  USD 14.15  0.03  0.21%   
The current 90-days correlation between Avantis International and Touchstone Premium Yield is 0.67 (i.e., Poor 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

Very weak diversification

The correlation between Avantis International Equity and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International 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 International Equity. 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

  0.99AVANX Avantis InternationalPairCorr
  0.78AVBNX American Century EtfPairCorr
  1.0AVDEX Avantis InternationalPairCorr
  0.94AVCNX American Century EtfPairCorr
  0.97AVEEX Avantis Emerging MarketsPairCorr
  0.99AVDVX Avantis InternationalPairCorr
  0.97AVENX Avantis Emerging MarketsPairCorr
  0.76AVIGX American Century EtfPairCorr
  0.96AVLVX American Century EtfPairCorr
  0.94AVSBX Avantis Small CapPairCorr
  0.64AVSFX Avantis Short TermPairCorr
  0.94AVUVX Avantis Small CapPairCorr
  0.96AVUSX Avantis EquityPairCorr
  0.96AVUNX Avantis EquityPairCorr
  0.96ALCEX Avantis Large CapPairCorr
  1.0VGTSX Vanguard Total InterPairCorr
  1.0VTIAX Vanguard Total InterPairCorr
  0.71VTSNX Vanguard Total InterPairCorr
  0.71VTPSX Vanguard Total InterPairCorr
  0.71VTISX Vanguard Total InterPairCorr
  0.73VTMGX Vanguard DevelopedPairCorr
  0.73VDVIX Vanguard DevelopedPairCorr
  0.73VTMNX Vanguard DevelopedPairCorr
  0.73VDIPX Vanguard DevelopedPairCorr
  0.76FSPSX Fidelity 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
  0.97VINIX Vanguard InstitutionalPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97FAGIX Fidelity Capital IncomePairCorr
  0.67AICAX California MunicipalPairCorr
  0.97TWEMX Thomas White EmergingPairCorr
  0.98OWLSX Old Westbury LargePairCorr
  0.93CSFCX Cohen Steers GlobalPairCorr

Related Correlations Analysis

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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.

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