Avantis Us Correlations

AVUSX Fund

USD 18.44 0.28 1.50%

The current 90-days correlation between Avantis Equity and T Rowe Price is 0.25 (i.e., Modest diversification). The correlation of Avantis Us 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 Us Correlation With Market

Good diversification

The correlation between Avantis Equity and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Equity 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 Equity. 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 state.

Moving together with Avantis Mutual Fund

0.81	AVLVX	American Century Etf	Pair Corr
1.0	AVUNX	Avantis Equity	Pair Corr
0.8	ALCEX	Avantis Large Cap	Pair Corr
0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.68	VTSMX	Vanguard Total Stock	Pair Corr
0.78	VITSX	Vanguard Total Stock	Pair Corr
0.68	VSMPX	Vanguard Total Stock	Pair Corr
0.78	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.77	VFFSX	Vanguard 500 Index	Pair Corr
0.75	VINIX	Vanguard Institutional	Pair Corr
0.75	VIIIX	Vanguard Institutional	Pair Corr

Related Correlations Analysis

	PACEX	GHVIX	DHGCX	FZODX	MBSAX	PRVBX	JAFLX
PACEX		0.61	0.84	0.86	0.72	0.61	0.86	PACEX
GHVIX	0.61		0.45	0.46	0.89	0.95	0.48	GHVIX
DHGCX	0.84	0.45		0.98	0.72	0.46	0.98	DHGCX
FZODX	0.86	0.46	0.98		0.71	0.48	1.0	FZODX
MBSAX	0.72	0.89	0.72	0.71		0.88	0.73	MBSAX
PRVBX	0.61	0.95	0.46	0.48	0.88		0.49	PRVBX
JAFLX	0.86	0.48	0.98	1.0	0.73	0.49		JAFLX
	PACEX	GHVIX	DHGCX	FZODX	MBSAX	PRVBX	JAFLX

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Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Us 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 Us' 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
PACEX	0.12	0.01	0.19	1.17	0.00	(0.18)	0.33	(0.22)	0.77
GHVIX	0.15	0.02	0.21	0.26	0.00	(0.17)	0.30	(0.24)	0.90
DHGCX	0.16	0.00	0.11	0.03	0.14	(0.23)	0.36	(0.36)	1.10
FZODX	0.22	0.01	0.11	0.09	0.19	(0.31)	0.61	(0.41)	1.34
MBSAX	0.19	0.03	0.18	0.22	0.18	(0.21)	0.37	(0.30)	1.34
PRVBX	0.10	0.02	0.32	0.24	0.00	(0.13)	0.25	(0.17)	0.58
JAFLX	0.25	0.01	0.10	0.09	0.23	(0.32)	0.61	(0.41)	1.44

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Avantis Us Correlations

Avantis Us Correlation With Market

Good diversification

Moving together with Avantis Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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