Avantis Us Correlations
| AVUVX Fund | USD 16.47 0.12 0.73% |
The current 90-days correlation between Avantis Small Cap and Champlain Small is 0.73 (i.e., Poor 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
Very weak diversification
The correlation between Avantis Small Cap and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Small Cap and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Avantis Mutual Fund
Moving against Avantis Mutual Fund
Related Correlations Analysis
| 0.7 | 0.86 | 0.53 | 0.7 | 0.72 | CIPNX | ||
| 0.7 | 0.64 | 0.86 | 1.0 | 0.53 | QUAZX | ||
| 0.86 | 0.64 | 0.35 | 0.64 | 0.94 | VVPSX | ||
| 0.53 | 0.86 | 0.35 | 0.86 | 0.25 | NESGX | ||
| 0.7 | 1.0 | 0.64 | 0.86 | 0.53 | QUAIX | ||
| 0.72 | 0.53 | 0.94 | 0.25 | 0.53 | ANTMX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIPNX | 0.88 | (0.19) | 0.00 | (0.30) | 0.00 | 1.34 | 12.39 | |||
| QUAZX | 1.10 | (0.19) | 0.00 | (0.22) | 0.00 | 1.54 | 6.18 | |||
| VVPSX | 0.72 | (0.09) | 0.00 | (0.19) | 0.00 | 1.40 | 4.12 | |||
| NESGX | 1.27 | (0.17) | 0.00 | (0.26) | 0.00 | 2.06 | 8.46 | |||
| QUAIX | 1.10 | (0.19) | 0.00 | (0.22) | 0.00 | 1.55 | 6.18 | |||
| ANTMX | 0.62 | (0.06) | 0.00 | (0.14) | 0.00 | 1.11 | 3.59 |