Ave Maria Correlations

Mutual Funds . USA . 
Fund . Ave Maria Focused
AVEAX Fund  USD 17.13  0.13  0.75%   
The current 90-days correlation between Ave Maria Focused and Ave Maria World is 0.83 (i.e., Very poor diversification). The correlation of Ave Maria 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.

Ave Maria Correlation With Market

Poor diversification

The correlation between Ave Maria Focused and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ave Maria Focused 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 Ave Maria Focused. 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 nation.

Moving together with Ave Mutual Fund

  0.99AVEGX Ave Maria GrowthPairCorr
  0.78AVEFX Ave Maria BondPairCorr
  0.85AVEDX Ave Maria RisingPairCorr
  0.98AVEWX Ave Maria WorldPairCorr
  0.61AVEMX Ave Maria ValuePairCorr
  0.97FSWFX American Funds SmallcapPairCorr
  0.97FSFWX American Funds SmallcapPairCorr
  0.97SCWCX American Fds SmallcapPairCorr
  0.97SCWFX Smallcap WorldPairCorr
  0.97SMCWX Smallcap WorldPairCorr
  0.97CSPFX Smallcap WorldPairCorr
  0.97CSPAX Smallcap WorldPairCorr
  0.97CSPEX Smallcap WorldPairCorr
  0.97RSLCX Smallcap WorldPairCorr
  0.97RLLGX Smallcap WorldPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.73MFBGX Mfs Porate BondPairCorr
  0.94MARMX Mutual Of AmericaPairCorr
  0.98PTSGX Touchstone Sands CapitalPairCorr
  0.69MIFCX Miller Intermediate BondPairCorr
  0.97TSMLX Tiaa Cref LifestylePairCorr
  0.89GCEBX Goldman Sachs CleanPairCorr
  0.98LSSNX Loomis Sayles SmallPairCorr
  0.96JDCRX Janus Forty FundPairCorr
  0.96LIKPX Blackrock Lifepath IndexPairCorr
  0.98NSRKX Northern Global SustPairCorr
  0.98MMINX Mm Sp 500PairCorr
  0.97HGOIX Hartford GrowthPairCorr
  0.93MMUIX Mfs UtilitiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ave Mutual Fund performing well and Ave Maria 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 Ave Maria'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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