Avantis International Correlations
AVANX Fund | USD 13.44 0.10 0.75% |
The current 90-days correlation between Avantis International and Morgan Stanley Global is 0.68 (i.e., Poor diversification). The correlation of Avantis International 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 International Correlation With Market
Good diversification
The correlation between Avantis International Small and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Small and DJI in the same portfolio, assuming nothing else is changed.
Avantis |
Moving together with Avantis Mutual Fund
0.84 | AVBNX | American Century Etf | PairCorr |
0.98 | AVDEX | Avantis International | PairCorr |
0.86 | AVEEX | Avantis Emerging Markets | PairCorr |
1.0 | AVDVX | Avantis International | PairCorr |
0.98 | AVDNX | Avantis International | PairCorr |
0.84 | AVENX | Avantis Emerging Markets | PairCorr |
0.86 | AVGNX | Avantis Short Term | PairCorr |
0.84 | AVIGX | American Century Etf | PairCorr |
0.86 | AVSFX | Avantis Short Term | PairCorr |
0.96 | DISVX | Dfa International Small | PairCorr |
0.96 | DFVQX | Dfa International Vector | PairCorr |
0.96 | FMNEX | Free Market International | PairCorr |
0.94 | OANEX | Oakmark International | PairCorr |
0.93 | KGGIX | Kopernik Global All | PairCorr |
0.93 | KGGAX | Kopernik Global All | PairCorr |
0.94 | OAZEX | Oakmark International | PairCorr |
0.94 | OAYEX | Oakmark International | PairCorr |
0.94 | OAKEX | Oakmark International | PairCorr |
0.98 | VGTSX | Vanguard Total Inter | PairCorr |
0.98 | VTIAX | Vanguard Total Inter | PairCorr |
0.94 | FITMX | Fidelity Sai Interna Potential Growth | PairCorr |
0.94 | MXECX | Great-west Core | PairCorr |
0.84 | AMUSX | Us Government Securities | PairCorr |
Moving against Avantis Mutual Fund
0.65 | AVUVX | Avantis Small Cap | PairCorr |
0.64 | AVCNX | American Century Etf | PairCorr |
0.56 | AVSBX | Avantis Small Cap | PairCorr |
0.4 | AVUSX | Avantis Equity | PairCorr |
0.4 | AVUNX | Avantis Equity | PairCorr |
0.32 | AVLVX | American Century Etf | PairCorr |
0.32 | ALCEX | Avantis Large Cap | PairCorr |
0.45 | VSMPX | Vanguard Total Stock | PairCorr |
0.45 | VSTSX | Vanguard Total Stock | PairCorr |
0.45 | VITSX | Vanguard Total Stock | PairCorr |
0.42 | VFFSX | Vanguard 500 Index | PairCorr |
0.41 | VTSAX | Vanguard Total Stock | PairCorr |
0.41 | VTSMX | Vanguard Total Stock | PairCorr |
0.38 | VFIAX | Vanguard 500 Index | PairCorr |
0.38 | VFINX | Vanguard 500 Index | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Avantis Mutual Fund performing well and Avantis International 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 International'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MGKAX | 0.82 | 0.06 | 0.05 | (0.46) | 1.12 | 1.62 | 4.75 | |||
BXFIX | 0.08 | 0.00 | 0.01 | 0.04 | 0.00 | 0.23 | 0.93 | |||
LFLCX | 0.17 | 0.01 | 0.07 | (0.48) | 0.12 | 0.43 | 0.98 | |||
DBLGX | 0.22 | 0.02 | 0.07 | 0.34 | 0.14 | 0.48 | 1.21 | |||
WRLDX | 0.59 | 0.05 | 0.07 | (0.30) | 0.76 | 1.24 | 2.96 | |||
DBIWX | 0.26 | 0.01 | 0.04 | (0.14) | 0.33 | 0.48 | 1.77 | |||
GMADX | 0.70 | 0.08 | 0.06 | 0.12 | 1.20 | 1.26 | 11.02 | |||
SGMAX | 0.41 | 0.09 | 0.19 | 0.19 | 0.32 | 0.95 | 2.73 |