Avantis Short-term Correlations

AVSFX Fund

USD 9.57 0.00 0.00%

The current 90-days correlation between Avantis Short Term and Avantis International Small is 0.16 (i.e., Average diversification). The correlation of Avantis Short-term 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 Short-term Correlation With Market

Good diversification

The correlation between Avantis Short Term Fixed 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 Short Term Fixed 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 Short Term Fixed. 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 census.

Moving together with Avantis Mutual Fund

0.64	AVDEX	Avantis International	Pair Corr
0.64	AVDNX	Avantis International	Pair Corr
0.97	AVGNX	Avantis Short Term	Pair Corr
0.65	VBIRX	Vanguard Short Term	Pair Corr
0.63	LALDX	Lord Abbett Short	Pair Corr
0.62	LDLRX	Lord Abbett Short	Pair Corr
0.69	IHOSX	Hartford Interna	Pair Corr
0.69	GSIFX	Goldman Sachs Focused	Pair Corr
0.63	SSMOX	Steward Small Mid	Pair Corr
0.63	JANIX	Janus Triton	Pair Corr

Moving against Avantis Mutual Fund

0.46	PQTAX	Pimco Trends Managed	Pair Corr
0.46	PQTNX	Pimco Trends Managed	Pair Corr
0.45	PQTIX	Aa Pimco Tr	Pair Corr
0.41	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	AVANX	AVBNX	AVDEX	AVCNX	AVEEX	AVDVX	AVDNX	AVENX	AVGNX	AVIGX
AVANX		0.8	0.98	0.95	0.98	1.0	0.99	0.98	0.6	0.79	AVANX
AVBNX	0.8		0.78	0.73	0.78	0.8	0.78	0.78	0.49	1.0	AVBNX
AVDEX	0.98	0.78		0.94	0.97	0.98	1.0	0.97	0.68	0.76	AVDEX
AVCNX	0.95	0.73	0.94		0.96	0.94	0.94	0.96	0.63	0.7	AVCNX
AVEEX	0.98	0.78	0.97	0.96		0.98	0.97	1.0	0.61	0.76	AVEEX
AVDVX	1.0	0.8	0.98	0.94	0.98		0.99	0.98	0.6	0.78	AVDVX
AVDNX	0.99	0.78	1.0	0.94	0.97	0.99		0.97	0.68	0.76	AVDNX
AVENX	0.98	0.78	0.97	0.96	1.0	0.98	0.97		0.61	0.76	AVENX
AVGNX	0.6	0.49	0.68	0.63	0.61	0.6	0.68	0.61		0.46	AVGNX
AVIGX	0.79	1.0	0.76	0.7	0.76	0.78	0.76	0.76	0.46		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 Short-term 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 Short-term'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	0.94	0.13	0.13	0.26	0.77	(1.15)	2.49	(1.52)	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	0.00	0.00	0.65	0.00	0.00	0.10	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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