Ave Maria Correlations

Mutual Funds . USA . 
Fund . Ave Maria Growth
AVEGX Fund  USD 46.75  0.17  0.36%   
The current 90-days correlation between Ave Maria Growth and Ave Maria Value is 0.91 (i.e., Almost no 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

Poor diversification

The correlation between Ave Maria Growth and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ave Maria Growth 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 Growth. 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 price.

Moving together with Ave Mutual Fund

  0.75AVEDX Ave Maria RisingPairCorr
  0.74AVEWX Ave Maria WorldPairCorr
  0.7AVEMX Ave Maria ValuePairCorr
  0.75FAFGX American FundsPairCorr
  0.75FFAFX American FundsPairCorr
  0.75GFACX Growth FundPairCorr
  0.75GFAFX Growth FundPairCorr
  0.75AGTHX Growth FundPairCorr
  0.75CGFFX Growth FundPairCorr
  0.75CGFCX Growth FundPairCorr
  0.75CGFAX Growth FundPairCorr
  0.75CGFEX Growth FundPairCorr
  0.75RGAEX Growth FundPairCorr
  0.68ASG Liberty All StarPairCorr
  0.7CII Blackrock EnhancedPairCorr
  0.76ETV Eaton Vance TaxPairCorr
  0.68USA Liberty All StarPairCorr
  0.69ETY Eaton Vance TaxPairCorr

Moving against Ave Mutual Fund

  0.35AVEFX Ave Maria BondPairCorr
  0.4GIBLX Guggenheim Total ReturnPairCorr
  0.4JDFNX Janus Flexible BondPairCorr
  0.39SAMFX Ridgeworth Seix TotalPairCorr
  0.39PACEX T Rowe PricePairCorr
  0.37PRGMX T Rowe PricePairCorr
  0.34VIITX Vanguard InstitutionalPairCorr
  0.33UIINX Income Fund IncomePairCorr
  0.8RYARX Inverse Sp 500PairCorr
  0.52AGIVX Invesco GovernmentPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
AVEAX
+ 0.91
AVEWX
AVEDX
+ 0.85
AVEMX
AVEWX
+ 0.5
AVEMX
AVEWX
+ 0.47
AVEDX
AVEAX
+ 0.46
AVEMX
AVEAX
+ 0.42
AVEDX
  
High negative correlations   
AVEWX
- 0.29
AVEFX
AVEAX
- 0.05
AVEFX

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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