Ave Maria Correlations

Mutual Funds . USA . 
Fund . Ave Maria Rising
AVEDX Fund  USD 23.54  0.06  0.25%   
The current 90-days correlation between Ave Maria Rising and Ave Maria Focused is 0.77 (i.e., 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

Very poor diversification

The correlation between Ave Maria Rising and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ave Maria Rising 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 Rising. 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 unemployment.

Moving together with Ave Mutual Fund

  0.87AVEGX Ave Maria GrowthPairCorr
  0.66AVEFX Ave Maria BondPairCorr
  0.86AVEAX Ave Maria FocusedPairCorr
  0.85AVEWX Ave Maria WorldPairCorr
  0.88AVEMX Ave Maria Value Potential GrowthPairCorr
  0.81VTSAX Vanguard Total StockPairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  0.81VTSMX Vanguard Total StockPairCorr
  0.81VITSX Vanguard Total StockPairCorr
  0.81VSMPX Vanguard Total StockPairCorr
  0.81VSTSX Vanguard Total StockPairCorr
  0.81VFINX Vanguard 500 IndexPairCorr
  0.81VFFSX Vanguard 500 IndexPairCorr
  0.81VINIX Vanguard InstitutionalPairCorr
  0.81VIIIX Vanguard InstitutionalPairCorr
  0.82PDI Pimco Dynamic IncomePairCorr
  0.78ABWAX Ab All MarketPairCorr
  0.79MEGIX Msvif Growth PortPairCorr
  0.71PRFCX Preferred SecuritiesPairCorr
  0.8EMEAX Ashmore Emerging MarketsPairCorr
  0.77HLMOX Harding Loevner FrontierPairCorr
  0.83PWDAX Power Dividend IndexPairCorr
  0.69PFN Pimco Income StrategyPairCorr
  0.85NEQAX Neuberger Berman EquityPairCorr
  0.7BIAHX Brown AdvisoryPairCorr
  0.77CAARX Calvert ConservativePairCorr
  0.75LFRAX Floating RatePairCorr

Moving against Ave Mutual Fund

  0.84USPSX Profunds UltrashortPairCorr
  0.53TDKTX Cleartrack 2015 ClassPairCorr
  0.52TCTGX Transamerica CleartrackPairCorr
  0.9UIPIX Ultrashort Mid CapPairCorr
  0.84USPIX Profunds UltrashortPairCorr
  0.69GPSCX Victory Rs SmallPairCorr
  0.53TCTJX Transamerica CleartrackPairCorr
  0.42TCSUX Cleartrack 2020 ClassPairCorr

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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