Avantis Small Correlations

AVSBX Fund

11.02 0.06 0.54%

The current 90-days correlation between Avantis Small Cap and Avantis International Small is 0.35 (i.e., Weak diversification). The correlation of Avantis Small 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 Small Correlation With Market

Poor diversification

The correlation between Avantis Small Cap and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Small Cap 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 Small Cap. 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 bureau of labor statistics.

Moving together with Avantis Mutual Fund

0.95	AVANX	Avantis International	Pair Corr
0.76	AVBNX	American Century Etf	Pair Corr
0.94	AVDEX	Avantis International	Pair Corr
0.75	AVCNX	American Century Etf	Pair Corr
0.97	AVEEX	Avantis Emerging Markets	Pair Corr
0.95	AVDVX	Avantis International	Pair Corr
0.94	AVDNX	Avantis International	Pair Corr
0.97	AVENX	Avantis Emerging Markets	Pair Corr
0.74	AVIGX	American Century Etf	Pair Corr
0.99	AVLVX	American Century Etf	Pair Corr
1.0	AVUVX	Avantis Small Cap	Pair Corr
0.99	AVUSX	Avantis Equity	Pair Corr
0.99	AVUNX	Avantis Equity	Pair Corr
0.75	ALCEX	Avantis Large Cap	Pair Corr
0.72	VSMAX	Vanguard Small Cap	Pair Corr
0.99	VSCIX	Vanguard Small Cap	Pair Corr
0.99	VSCPX	Vanguard Small Cap	Pair Corr
0.99	NAESX	Vanguard Small Cap	Pair Corr
1.0	FSSNX	Fidelity Small Cap	Pair Corr
0.99	DFSTX	Us Small Cap	Pair Corr
0.74	PASVX	T Rowe Price	Pair Corr
0.99	PRVIX	T Rowe Price	Pair Corr
0.99	TRZVX	T Rowe Price	Pair Corr
0.99	PRSVX	T Rowe Price	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VTSMX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VITSX	Vanguard Total Stock	Pair Corr
0.73	VFINX	Vanguard 500 Index	Pair Corr
0.73	VFFSX	Vanguard 500 Index	Pair Corr
0.73	VGTSX	Vanguard Total Inter	Pair Corr
0.73	VTIAX	Vanguard Total Inter	Pair Corr
1.0	FTVCX	Fuller Thaler Behavioral	Pair Corr
0.84	PBBBX	Pia Bbb Bond	Pair Corr
0.78	FFC	Flaherty Crumrine	Pair Corr

Related Correlations Analysis

	AVANX	AVBNX	AVDEX	AVCNX	AVEEX	AVDVX	AVDNX	AVENX	AVGNX	AVIGX
AVANX		0.8	0.98	0.69	0.98	1.0	0.99	0.98	0.37	0.79	AVANX
AVBNX	0.8		0.78	0.58	0.78	0.8	0.78	0.78	0.4	1.0	AVBNX
AVDEX	0.98	0.78		0.64	0.97	0.98	1.0	0.97	0.43	0.76	AVDEX
AVCNX	0.69	0.58	0.64		0.72	0.69	0.64	0.72	0.48	0.56	AVCNX
AVEEX	0.98	0.78	0.97	0.72		0.98	0.97	1.0	0.4	0.76	AVEEX
AVDVX	1.0	0.8	0.98	0.69	0.98		0.99	0.98	0.37	0.78	AVDVX
AVDNX	0.99	0.78	1.0	0.64	0.97	0.99		0.97	0.43	0.76	AVDNX
AVENX	0.98	0.78	0.97	0.72	1.0	0.98	0.97		0.4	0.76	AVENX
AVGNX	0.37	0.4	0.43	0.48	0.4	0.37	0.43	0.4		0.37	AVGNX
AVIGX	0.79	1.0	0.76	0.56	0.76	0.78	0.76	0.76	0.37		AVIGX
	AVANX	AVBNX	AVDEX	AVCNX	AVEEX	AVDVX	AVDNX	AVENX	AVGNX	AVIGX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AVANX	0.50	0.23	0.19	1.36	0.00	(0.61)	1.11	(0.88)	2.67
AVBNX	0.25	0.01	(0.32)	0.30	0.19	(0.31)	0.61	(0.36)	1.22
AVDEX	0.47	0.16	0.10	0.63	0.18	(0.53)	1.22	(0.99)	2.61
AVCNX	0.92	0.31	0.16	(2.32)	0.67	(1.14)	2.49	(1.42)	6.37
AVEEX	0.50	0.23	0.19	0.63	0.00	(0.63)	1.66	(0.98)	3.93
AVDVX	0.49	0.23	0.20	1.38	0.00	(0.62)	1.11	(0.88)	2.75
AVDNX	0.48	0.16	0.09	0.62	0.26	(0.54)	1.22	(1.05)	2.75
AVENX	0.50	0.23	0.21	0.63	0.00	(0.63)	1.75	(1.02)	3.92
AVGNX	0.02	(0.01)	0.00	(0.37)	0.00	0.00	0.00	0.00	0.42
AVIGX	0.26	0.02	(0.30)	0.46	0.22	(0.31)	0.49	(0.48)	1.22

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Avantis Small Correlations

Avantis Small Correlation With Market

Poor diversification

Moving together with Avantis Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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