Avantis International Correlations

Mutual Funds . USA . 
Fund . Avantis International Small
AVDVX Fund  USD 12.94  0.18  1.41%   
The current 90-days correlation between Avantis International and Adams Diversified Equity is 0.64 (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

Very weak diversification

The correlation between Avantis International Small and DJI is 0.4 (i.e., Very weak 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 real.

Moving together with Avantis Mutual Fund

  1.0AVANX Avantis InternationalPairCorr
  0.63AVBNX American Century EtfPairCorr
  0.97AVDEX Avantis InternationalPairCorr
  0.69AVEEX Avantis Emerging MarketsPairCorr
  0.97AVDNX Avantis InternationalPairCorr
  0.68AVENX Avantis Emerging MarketsPairCorr
  0.63AVGNX Avantis Short TermPairCorr
  0.62AVIGX American Century EtfPairCorr
  0.64AVSFX Avantis Short TermPairCorr
  0.99DISVX Dfa International SmallPairCorr
  0.98DFVQX Dfa International VectorPairCorr
  0.98FMNEX Free Market InternationalPairCorr
  0.86OANEX Oakmark InternationalPairCorr
  0.86OAZEX Oakmark InternationalPairCorr
  0.86OAKEX Oakmark InternationalPairCorr
  0.86OAYEX Oakmark InternationalPairCorr

Moving against Avantis Mutual Fund

  0.55KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.54LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.54LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.54LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.5OSPPX Oppenheimer Steelpath MlpPairCorr
  0.5SPMPX Invesco Steelpath MlpPairCorr
  0.5SPMJX Invesco Steelpath MlpPairCorr
  0.32AVLVX American Century EtfPairCorr
  0.32ALCEX Avantis Large CapPairCorr
  0.31AVCNX American Century EtfPairCorr
  0.31AVUVX Avantis Small CapPairCorr
  0.55WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.55KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.54LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.43BDJ Blackrock Enhanced EquityPairCorr
  0.43PTY Pimco Corporate IncomePairCorr
  0.35DOXGX Dodge Cox StockPairCorr
  0.33VIGAX Vanguard Growth IndexPairCorr
  0.33WWLAX Westwood Largecap ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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