Avantis Us Correlations

Mutual Funds . USA . 
Fund . Avantis Small Cap
AVUVX Fund  USD 16.81  0.04  0.24%   
The current 90-days correlation between Avantis Small Cap and Avantis International Small is 0.36 (i.e., Weak diversification). The correlation of Avantis Us 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 Us Correlation With Market

Good diversification

The correlation between Avantis Small Cap and DJI is -0.15 (i.e., Good 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 real.

Moving together with Avantis Mutual Fund

  0.94AVANX Avantis InternationalPairCorr
  0.73AVBNX American Century EtfPairCorr
  0.94AVDEX Avantis InternationalPairCorr
  1.0AVCNX American Century EtfPairCorr
  0.95AVEEX Avantis Emerging MarketsPairCorr
  0.94AVDVX Avantis InternationalPairCorr
  0.94AVDNX Avantis InternationalPairCorr
  0.96AVENX Avantis Emerging MarketsPairCorr
  0.63AVGNX Avantis Short TermPairCorr
  0.7AVIGX American Century EtfPairCorr
  0.99AVLVX American Century EtfPairCorr
  1.0AVSBX Avantis Small CapPairCorr
  0.99AVUSX Avantis EquityPairCorr
  0.99AVUNX Avantis EquityPairCorr
  0.97ALCEX Avantis Large CapPairCorr
  0.97VSIIX Vanguard Small CapPairCorr
  0.97VISVX Vanguard Small CapPairCorr
  0.97DFSVX Us Small CapPairCorr
  0.97DFFVX Us Targeted ValuePairCorr
  0.95UBVCX Undiscovered ManagersPairCorr
  0.99UBVAX Undiscovered ManagersPairCorr
  0.99UBVSX Undiscovered ManagersPairCorr
  1.0AVFIX American Beacon SmallPairCorr
  0.72NHS Neuberger Berman HighPairCorr
  0.66PNJRX Putnam New JerseyPairCorr
  0.97NWASX Nationwide DestinationPairCorr
  0.71NREEX Neuberger Berman RealPairCorr
  0.96GGCCX Gabelli GrowthPairCorr
  0.89PRIKX T Rowe PricePairCorr
  0.83MLXIX Catalyst Mlp InfrastPairCorr
  0.97ROGSX Red Oak TechnologyPairCorr
  0.97JTRBX Jpmorgan SmartretirementPairCorr
  0.96URFRX Target Retirement 2040PairCorr
  0.95MSEGX Growth Portfolio Class Steady GrowthPairCorr
  0.91RPSIX Spectrum IncomePairCorr
  0.98MIGFX Massachusetts InvestorsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Us 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 Us' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AVANX  0.50  0.25  0.18 (22.97) 0.00 
(0.61)
 1.11 
(0.88)
 2.67 
AVBNX  0.25  0.03 (0.33)(5.40) 0.19 
(0.31)
 0.61 
(0.36)
 1.22 
AVDEX  0.47  0.21  0.09 (5.06) 0.18 
(0.53)
 1.22 
(0.99)
 2.61 
AVCNX  0.94  0.29  0.12 (1.33) 0.77 
(1.15)
 2.49 
(1.52)
 6.37 
AVEEX  0.50  0.22  0.18  0.62  0.00 
(0.63)
 1.66 
(0.98)
 3.93 
AVDVX  0.49  0.25  0.19 (207.20) 0.00 
(0.62)
 1.11 
(0.88)
 2.75 
AVDNX  0.48  0.21  0.09 (4.22) 0.26 
(0.54)
 1.22 
(1.05)
 2.75 
AVENX  0.50  0.29  0.21 (5.37) 0.00 
(0.63)
 1.75 
(1.02)
 3.92 
AVGNX  0.02  0.00  0.00  1.52  0.00 
 0.00 
 0.10 
 0.00 
 0.42 
AVIGX  0.26  0.02 (0.31) 1.84  0.22 
(0.31)
 0.49 
(0.48)
 1.22 

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