Ave Maria Correlations
| AVEWX Fund | USD 19.77 0.27 1.38% |
The current 90-days correlation between Ave Maria World and Ave Maria Bond is 0.44 (i.e., Very weak 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 World and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ave Maria World and DJI in the same portfolio, assuming nothing else is changed.
Ave |
Moving together with Ave Mutual Fund
| 0.66 | AVEGX | Ave Maria Growth | PairCorr |
| 0.9 | AVEAX | Ave Maria Focused | PairCorr |
| 0.76 | FCWGX | American Funds Capital | PairCorr |
| 0.76 | FWCGX | American Funds Capital | PairCorr |
| 0.77 | CWGIX | Capital World Growth | PairCorr |
| 0.77 | CWGFX | Capital World Growth | PairCorr |
| 0.68 | CWGCX | Capital World Growth | PairCorr |
| 0.77 | RWIFX | Capital World Growth | PairCorr |
| 0.77 | CWICX | Capital World Growth | PairCorr |
| 0.77 | RWIAX | Capital World Growth | PairCorr |
| 0.77 | CWIAX | Capital World Growth | PairCorr |
| 0.67 | WGIFX | Capital World Growth | PairCorr |
Moving against Ave Mutual Fund
| 0.44 | PLDIX | Low Duration | PairCorr |
| 0.35 | SRAAX | Simt Real Return | PairCorr |
| 0.32 | SEMMX | Semper Mbs Total | PairCorr |
| 0.5 | TCSGX | Sdit Short Duration | PairCorr |
| 0.43 | PYARX | Payden Absolute Return | PairCorr |
Related Correlations Analysis
| 0.21 | 0.1 | -0.21 | 0.07 | AVEFX | ||
| 0.21 | 0.95 | 0.88 | 0.33 | AVEDX | ||
| 0.1 | 0.95 | 0.89 | 0.35 | AVEMX | ||
| -0.21 | 0.88 | 0.89 | 0.37 | AVEGX | ||
| 0.07 | 0.33 | 0.35 | 0.37 | AVEAX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVEFX | 0.20 | 0.01 | 0.32 | (0.03) | 0.23 | 0.33 | 1.07 | |||
| AVEDX | 0.77 | (0.05) | 0.00 | (0.16) | 0.00 | 1.19 | 7.01 | |||
| AVEMX | 1.05 | (0.06) | 0.00 | (0.15) | 0.00 | 1.83 | 10.01 | |||
| AVEGX | 0.95 | (0.12) | 0.00 | (0.21) | 0.00 | 1.67 | 9.19 | |||
| AVEAX | 1.01 | 0.03 | 0.00 | (0.06) | 0.00 | 1.95 | 5.10 |