Avantis International Correlations

Mutual Funds . USA . 
Fund . Avantis International Small
AVANX Fund  USD 12.78  0.11  0.85%   
The current 90-days correlation between Avantis International and The Hartford Inflation is 0.13 (i.e., Average 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 -0.1 (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

  0.66AVBNX American Century EtfPairCorr
  0.98AVDEX Avantis InternationalPairCorr
  0.71AVEEX Avantis Emerging MarketsPairCorr
  1.0AVDVX Avantis InternationalPairCorr
  0.98AVDNX Avantis InternationalPairCorr
  0.74AVENX Avantis Emerging MarketsPairCorr
  0.83AVGNX Avantis Short TermPairCorr
  0.64AVIGX American Century EtfPairCorr
  0.83AVSFX Avantis Short TermPairCorr
  0.94DISVX Dfa International SmallPairCorr
  0.94DFVQX Dfa International VectorPairCorr
  0.94FMNEX Free Market InternationalPairCorr
  0.72OANEX Oakmark InternationalPairCorr
  0.71KGGIX Kopernik Global AllPairCorr
  0.71KGGAX Kopernik Global AllPairCorr
  0.72OAZEX Oakmark InternationalPairCorr
  0.72OAYEX Oakmark InternationalPairCorr
  0.72OAKEX Oakmark InternationalPairCorr
  0.93BXECX Barings Emerging MarketsPairCorr
  0.93BXEIX Barings Emerging MarketsPairCorr
  0.92BXEAX Barings Emerging MarketsPairCorr
  0.87HLDIX Hartford EmergingPairCorr
  0.86HLDRX Hartford EmergingPairCorr
  0.85HLDAX Hartford EmergingPairCorr
  0.86HLDCX Hartford EmergingPairCorr
  0.87HLDTX Hartford EmergingPairCorr
  0.66NEARX Near Term TaxPairCorr
  0.89GUHYX Victory High YieldPairCorr
  0.75VFSUX Vanguard Short TermPairCorr
  0.79CMIFX Calvert Large CapPairCorr
  0.74VTRSX Voya Target RetirementPairCorr

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.

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