Avantis Emerging Correlations

Mutual Funds . USA . 
Fund . Avantis Emerging Markets
AVEEX Fund  USD 12.66  0.06  0.47%   
The current 90-days correlation between Avantis Emerging Markets and Qs Small Capitalization is 0.04 (i.e., Significant diversification). The correlation of Avantis Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Avantis Emerging Markets and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Emerging Markets 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 Emerging Markets. 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 income.

Moving together with Avantis Mutual Fund

  0.73AVANX Avantis InternationalPairCorr
  0.86AVDEX Avantis InternationalPairCorr
  0.71AVCNX American Century EtfPairCorr
  0.83AVDVX Avantis InternationalPairCorr
  0.94AVDNX Avantis InternationalPairCorr
  0.95AVENX Avantis Emerging MarketsPairCorr
  0.68AVSBX Avantis Small CapPairCorr
  0.79AVUSX Avantis EquityPairCorr
  0.76AVUNX Avantis EquityPairCorr
  0.66ALCEX Avantis Large CapPairCorr
  0.94VEMAX Vanguard Emerging MarketsPairCorr
  0.86VEIEX Vanguard Emerging MarketsPairCorr
  0.86VEMIX Vanguard Emerging MarketsPairCorr
  0.86VEMRX Vanguard Emerging MarketsPairCorr
  0.85FWWNX American Funds NewPairCorr
  0.85FNFWX American Funds NewPairCorr
  0.93NEWFX New World FundPairCorr
  0.85NWFFX New World FundPairCorr
  0.93NEWCX New World FundPairCorr
  0.84ODVYX Oppenheimer DevelopingPairCorr
  0.77VTSAX Vanguard Total StockPairCorr
  0.77VFIAX Vanguard 500 IndexPairCorr
  0.77VTSMX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.77VSTSX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.77VFINX Vanguard 500 IndexPairCorr
  0.77VFFSX Vanguard 500 IndexPairCorr
  0.9VGTSX Vanguard Total InterPairCorr
  0.9VTIAX Vanguard Total InterPairCorr
  0.67JSOCX Jpmorgan Strategic IncomePairCorr
  0.86OSMNX Oppenheimer Intl SmallPairCorr
  0.74XZTRX Virtus Global DividendPairCorr
  0.82TSEGX Touchstone Sands CapitalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Emerging 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 Emerging'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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