Ave Maria Correlations

AVEAX Fund

USD 15.47 0.30 1.98%

The current 90-days correlation between Ave Maria Focused and Ave Maria World is 0.81 (i.e., Very poor diversification). The correlation of Ave Maria 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.

Ave Maria Correlation With Market

Very weak diversification

The correlation between Ave Maria Focused and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ave Maria Focused 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 Ave Maria Focused. 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 nation.

Moving together with Ave Mutual Fund

0.77	AVEWX	Ave Maria World	Pair Corr
0.73	VTSAX	Vanguard Total Stock	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSMX	Vanguard Total Stock	Pair Corr
0.73	VSMPX	Vanguard Total Stock	Pair Corr
0.73	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.64	FIVLX	Fidelity International	Pair Corr
0.63	WFEFX	Wells Fargo International	Pair Corr
0.69	FHRRX	Franklin High Income	Pair Corr
0.66	TPHIX	Timothy Plan High	Pair Corr
0.7	PRCNX	T Rowe Price	Pair Corr

Moving against Ave Mutual Fund

0.36

VTLXX

Vtlxx

Pair Corr

Related Correlations Analysis

	AVEWX	AVEFX	AVEGX	AVEDX	AVEMX
AVEWX		0.63	0.64	0.66	0.64	AVEWX
AVEFX	0.63		0.44	0.67	0.6	AVEFX
AVEGX	0.64	0.44		0.92	0.91	AVEGX
AVEDX	0.66	0.67	0.92		0.96	AVEDX
AVEMX	0.64	0.6	0.91	0.96		AVEMX
	AVEWX	AVEFX	AVEGX	AVEDX	AVEMX

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Risk-Adjusted Indicators

There is a big difference between Ave Mutual Fund performing well and Ave Maria 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 Ave Maria'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
AVEWX	0.68	(0.03)	0.00	(0.08)	0.00	0.00	1.15	(1.79)	3.93
AVEFX	0.19	0.00	0.09	0.01	0.22	(0.22)	0.33	(0.41)	1.31
AVEGX	0.81	(0.11)	0.00	(0.14)	0.00	0.00	1.48	(1.56)	9.46
AVEDX	0.68	(0.09)	0.00	(0.13)	0.00	0.00	1.13	(1.18)	7.83
AVEMX	1.06	(0.16)	0.00	(1.90)	0.00	0.00	1.71	(2.83)	13.21

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