Avantis International Correlations

Mutual Funds . USA . 
Fund . Avantis International Equity
AVDNX Fund  USD 12.87  0.07  0.55%   
The current 90-days correlation between Avantis International and Diversified Bond Fund is 0.21 (i.e., Modest 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

Very good diversification

The correlation between Avantis International Equity and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Equity 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 Equity. 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

  0.98AVANX Avantis InternationalPairCorr
  0.89AVBNX American Century EtfPairCorr
  1.0AVDEX Avantis InternationalPairCorr
  0.82AVEEX Avantis Emerging MarketsPairCorr
  0.98AVDVX Avantis InternationalPairCorr
  0.81AVENX Avantis Emerging MarketsPairCorr
  0.91AVGNX Avantis Short TermPairCorr
  0.89AVIGX American Century EtfPairCorr
  0.9AVSFX Avantis Short TermPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.96VTPSX Vanguard Total InterPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  1.0VTMGX Vanguard DevelopedPairCorr
  0.96VDVIX Vanguard DevelopedPairCorr
  0.96VTMNX Vanguard DevelopedPairCorr
  0.96VDIPX Vanguard DevelopedPairCorr
  1.0FSPSX Fidelity InternationalPairCorr
  0.89ODIDX Oaktree DiversifiedomePairCorr
  0.92TIISX Tiaa Cref IntlPairCorr
  0.92FAUDX Strategic Advisers ShortPairCorr
  0.9RBOHX Intermediate BondPairCorr
  0.71WFITX Intermediate Tax/amt-freePairCorr
  0.92TIODX Transamerica FundsPairCorr

Moving against Avantis Mutual Fund

  0.66AVUVX Avantis Small CapPairCorr
  0.65AVCNX American Century EtfPairCorr
  0.57AVSBX Avantis Small CapPairCorr
  0.38AVUSX Avantis EquityPairCorr
  0.38AVUNX Avantis EquityPairCorr
  0.46VINIX Vanguard InstitutionalPairCorr
  0.44VSTSX Vanguard Total StockPairCorr
  0.44VSMPX Vanguard Total StockPairCorr
  0.44VITSX Vanguard Total StockPairCorr
  0.41VFFSX Vanguard 500 IndexPairCorr
  0.39VTSAX Vanguard Total StockPairCorr
  0.35VFIAX 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.

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