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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis International Small. 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 board of governors.

Moving together with Avantis Mutual Fund

0.84	AVBNX	American Century Etf	Pair Corr
0.98	AVDEX	Avantis International	Pair Corr
0.86	AVEEX	Avantis Emerging Markets	Pair Corr
1.0	AVDVX	Avantis International	Pair Corr
0.98	AVDNX	Avantis International	Pair Corr
0.84	AVENX	Avantis Emerging Markets	Pair Corr
0.86	AVGNX	Avantis Short Term	Pair Corr
0.84	AVIGX	American Century Etf	Pair Corr
0.86	AVSFX	Avantis Short Term	Pair Corr
0.96	DISVX	Dfa International Small	Pair Corr
0.96	DFVQX	Dfa International Vector	Pair Corr
0.96	FMNEX	Free Market International	Pair Corr
0.94	OANEX	Oakmark International	Pair Corr
0.93	KGGIX	Kopernik Global All	Pair Corr
0.93	KGGAX	Kopernik Global All	Pair Corr
0.94	OAZEX	Oakmark International	Pair Corr
0.94	OAYEX	Oakmark International	Pair Corr
0.94	OAKEX	Oakmark International	Pair Corr
0.98	VGTSX	Vanguard Total Inter	Pair Corr
0.98	VTIAX	Vanguard Total Inter	Pair Corr
0.94	FITMX	Fidelity Sai Interna Potential Growth	Pair Corr
0.94	MXECX	Great-west Core	Pair Corr
0.84	AMUSX	Us Government Securities	Pair Corr

Moving against Avantis Mutual Fund

0.65	AVUVX	Avantis Small Cap	Pair Corr
0.64	AVCNX	American Century Etf	Pair Corr
0.56	AVSBX	Avantis Small Cap	Pair Corr
0.4	AVUSX	Avantis Equity	Pair Corr
0.4	AVUNX	Avantis Equity	Pair Corr
0.32	AVLVX	American Century Etf	Pair Corr
0.32	ALCEX	Avantis Large Cap	Pair Corr
0.45	VSMPX	Vanguard Total Stock	Pair Corr
0.45	VSTSX	Vanguard Total Stock	Pair Corr
0.45	VITSX	Vanguard Total Stock	Pair Corr
0.42	VFFSX	Vanguard 500 Index	Pair Corr
0.41	VTSAX	Vanguard Total Stock	Pair Corr
0.41	VTSMX	Vanguard Total Stock	Pair Corr
0.38	VFIAX	Vanguard 500 Index	Pair Corr
0.38	VFINX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	MGKAX	BXFIX	LFLCX	DBLGX	WRLDX	DBIWX	GMADX	SGMAX
MGKAX		0.72	0.72	0.49	0.9	0.87	0.8	0.76	MGKAX
BXFIX	0.72		0.69	0.5	0.71	0.72	0.53	0.67	BXFIX
LFLCX	0.72	0.69		0.92	0.9	0.94	0.77	0.96	LFLCX
DBLGX	0.49	0.5	0.92		0.75	0.8	0.68	0.91	DBLGX
WRLDX	0.9	0.71	0.9	0.75		0.95	0.83	0.9	WRLDX
DBIWX	0.87	0.72	0.94	0.8	0.95		0.85	0.92	DBIWX
GMADX	0.8	0.53	0.77	0.68	0.83	0.85		0.86	GMADX
SGMAX	0.76	0.67	0.96	0.91	0.9	0.92	0.86		SGMAX
	MGKAX	BXFIX	LFLCX	DBLGX	WRLDX	DBIWX	GMADX	SGMAX

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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	(0.87)	1.62	(1.64)	4.75
BXFIX	0.08	0.00	0.01	0.04	0.00	(0.26)	0.23	(0.12)	0.93
LFLCX	0.17	0.01	0.07	(0.48)	0.12	(0.21)	0.43	(0.33)	0.98
DBLGX	0.22	0.02	0.07	0.34	0.14	(0.30)	0.48	(0.36)	1.21
WRLDX	0.59	0.05	0.07	(0.30)	0.76	(0.59)	1.24	(1.46)	2.96
DBIWX	0.26	0.01	0.04	(0.14)	0.33	(0.29)	0.48	(0.58)	1.77
GMADX	0.70	0.08	0.06	0.12	1.20	(0.73)	1.26	(1.19)	11.02
SGMAX	0.41	0.09	0.19	0.19	0.32	(0.49)	0.95	(0.72)	2.73

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