Ave Maria Correlations

Mutual Funds . USA . 
Fund . Ave Maria Bond
AVEFX Fund  USD 12.37  0.03  0.24%   
The current 90-days correlation between Ave Maria Bond and Vanguard California Long Term is 0.16 (i.e., Average 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 Bond and DJI is 0.48 (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 Bond 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 Bond. 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 census.

Moving together with Ave Mutual Fund

  0.7AVEDX Ave Maria RisingPairCorr
  0.75FASIX Fidelity Asset ManagerPairCorr
  0.73FTIWX Fidelity Asset ManagerPairCorr
  0.69FTDWX Fidelity Asset ManagerPairCorr
  0.72FTAWX Fidelity Asset ManagerPairCorr
  0.75FIKVX Fidelity Asset ManagerPairCorr
  0.66FTCWX Fidelity Asset ManagerPairCorr
  0.74PFIPX Strategic Asset ManaPairCorr
  0.64OSPPX Oppenheimer Steelpath MlpPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.64SPMJX Invesco Steelpath MlpPairCorr
  0.62EMACX Enterprise Mergers AndPairCorr
  0.63TEGYX Mid Cap GrowthPairCorr
  0.64IHGIX Hartford DividendPairCorr
  0.65JRETX J Hancock IiPairCorr
  0.87KAMAX Kensington Managed IncomePairCorr
  0.62RBKTX American Funds 2040PairCorr
  0.68AASMX Thrivent Small CapPairCorr
  0.62AFPUX Americafirst IncomePairCorr
  0.65TGDIX Tcw Relative ValuePairCorr

Related Correlations Analysis

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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.

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