Ave Maria Correlations

Mutual Funds . USA . 
Fund . Ave Maria Growth
AVEGX Fund  USD 51.08  0.11  0.21%   
The current 90-days correlation between Ave Maria Growth and Ave Maria Value is 0.71 (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

Almost no diversification

The correlation between Ave Maria Growth and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ave Maria Growth 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 Growth. 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 price.

Moving together with Ave Mutual Fund

  0.81AVEFX Ave Maria BondPairCorr
  0.87AVEDX Ave Maria RisingPairCorr
  0.99AVEAX Ave Maria FocusedPairCorr
  0.99AVEWX Ave Maria WorldPairCorr
  0.63AVEMX Ave Maria Value Potential GrowthPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.85FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.66MLPMX Oppenheimer Steelpath MlpPairCorr
  0.66SPMJX Invesco Steelpath MlpPairCorr
  0.73NNJAX Nuveen New JerseyPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98NWFFX New World FundPairCorr
  0.97WGAYX Wells Fargo SpectrumPairCorr
  0.96GIEAX Gmo International EquityPairCorr
  0.62CLMVX Columbia MortgagePairCorr
  0.94NPSRX Nuveen Preferred SecPairCorr
  0.98VWTKX Tomorrows Scholar CollegePairCorr
  0.96PSCSX Pimco Small CapPairCorr
  0.9FAMAX Nuveen Minnesota IntPairCorr
  0.83IUGXX Invesco Treasurers SeriesPairCorr
  0.96TQCAX Touchstone DividendPairCorr
  0.88NEZYX Loomis Sayles StrategicPairCorr
  0.98JBGAX Blue Chip GrowthPairCorr
  0.97AIGOX Alger Growth IncomePairCorr
  0.89PFUMX Finisterre UnconstrainedPairCorr

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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