Avantis Emerging Correlations

Mutual Funds . USA . 
Fund . Avantis Emerging Markets
AVENX Fund  USD 12.14  0.05  0.41%   
The current 90-days correlation between Avantis Emerging Markets and Ivy Science And is 0.69 (i.e., Poor diversification). The correlation of Avantis Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Avantis Emerging Markets and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Emerging Markets 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 Emerging Markets. 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

  0.91AVANX Avantis InternationalPairCorr
  0.62AVBNX American Century EtfPairCorr
  0.74AVDEX Avantis InternationalPairCorr
  0.86AVEEX Avantis Emerging MarketsPairCorr
  0.78AVDVX Avantis InternationalPairCorr
  0.86AVDNX Avantis InternationalPairCorr
  0.86VEMAX Vanguard Emerging MarketsPairCorr
  0.86VEIEX Vanguard Emerging MarketsPairCorr
  0.86VEMIX Vanguard Emerging MarketsPairCorr
  0.86VEMRX Vanguard Emerging MarketsPairCorr
  0.73FWWNX American Funds NewPairCorr
  0.73FNFWX American Funds NewPairCorr
  0.89NEWFX New World FundPairCorr
  0.72NWFFX New World FundPairCorr
  0.72NEWCX New World FundPairCorr
  0.8ODVYX Oppenheimer DevelopingPairCorr
  0.75UGPSX Ultrachina ProfundPairCorr
  0.75UGPIX Ultrachina ProfundPairCorr
  0.68PMPIX Precious Metals UltrPairCorr
  0.68PMPSX Precious Metals UltrPairCorr
  0.73SCINX Deutsche Croci InterPairCorr
  0.68SPUBX Symmetry Panoramic FixedPairCorr
  0.68THOVX Thornburg Global OppPairCorr

Moving against Avantis Mutual Fund

  0.47AVCNX American Century EtfPairCorr
  0.32AVUVX Avantis Small CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
WFTDX
+ 1.0
WFSTX
JAGTX
+ 0.98
WSTRX
CONIX
+ 0.94
WSTRX
CONIX
+ 0.94
WFSTX
CONIX
+ 0.94
WFTDX
CONIX
+ 0.93
JAGTX
  
High negative correlations   
FRBRX
- 0.0
JAGTX

Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Emerging 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 Emerging'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY