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

  0.84AVBNX American Century EtfPairCorr
  0.98AVDEX Avantis InternationalPairCorr
  0.86AVEEX Avantis Emerging MarketsPairCorr
  1.0AVDVX Avantis InternationalPairCorr
  0.98AVDNX Avantis InternationalPairCorr
  0.84AVENX Avantis Emerging MarketsPairCorr
  0.86AVGNX Avantis Short TermPairCorr
  0.84AVIGX American Century EtfPairCorr
  0.86AVSFX Avantis Short TermPairCorr
  0.96DISVX Dfa International SmallPairCorr
  0.96DFVQX Dfa International VectorPairCorr
  0.96FMNEX Free Market InternationalPairCorr
  0.94OANEX Oakmark InternationalPairCorr
  0.93KGGIX Kopernik Global AllPairCorr
  0.93KGGAX Kopernik Global AllPairCorr
  0.94OAZEX Oakmark InternationalPairCorr
  0.94OAYEX Oakmark InternationalPairCorr
  0.94OAKEX Oakmark InternationalPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.94FITMX Fidelity Sai Interna Potential GrowthPairCorr
  0.94MXECX Great-west CorePairCorr
  0.84AMUSX Us Government SecuritiesPairCorr

Moving against Avantis Mutual Fund

  0.65AVUVX Avantis Small CapPairCorr
  0.64AVCNX American Century EtfPairCorr
  0.56AVSBX Avantis Small CapPairCorr
  0.4AVUSX Avantis EquityPairCorr
  0.4AVUNX Avantis EquityPairCorr
  0.32AVLVX American Century EtfPairCorr
  0.32ALCEX Avantis Large CapPairCorr
  0.45VSMPX Vanguard Total StockPairCorr
  0.45VSTSX Vanguard Total StockPairCorr
  0.45VITSX Vanguard Total StockPairCorr
  0.42VFFSX Vanguard 500 IndexPairCorr
  0.41VTSAX Vanguard Total StockPairCorr
  0.41VTSMX Vanguard Total StockPairCorr
  0.38VFIAX Vanguard 500 IndexPairCorr
  0.38VFINX Vanguard 500 IndexPairCorr

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.