Avantis Equity Correlations

The correlation of Avantis Equity 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.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Related Correlations Analysis

	ICFAX	PSSRX	PGFMX	MSVIX	VFAIX	RMBLX	IAAEX
ICFAX		0.7	0.54	0.89	0.83	0.87	0.87	ICFAX
PSSRX	0.7		0.14	0.58	0.9	0.83	0.73	PSSRX
PGFMX	0.54	0.14		0.81	0.53	0.46	0.51	PGFMX
MSVIX	0.89	0.58	0.81		0.82	0.84	0.85	MSVIX
VFAIX	0.83	0.9	0.53	0.82		0.91	0.84	VFAIX
RMBLX	0.87	0.83	0.46	0.84	0.91		0.86	RMBLX
IAAEX	0.87	0.73	0.51	0.85	0.84	0.86		IAAEX
	ICFAX	PSSRX	PGFMX	MSVIX	VFAIX	RMBLX	IAAEX

Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Equity 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 Equity'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
ICFAX	0.68	0.06	(0.01)	(0.13)	0.66	(0.87)	1.54	(1.28)	4.01
PSSRX	0.67	(0.05)	0.00	0.27	0.00	0.00	1.42	(1.62)	5.73
PGFMX	0.28	0.06	0.02	(0.44)	0.17	(0.34)	0.64	(0.54)	1.99
MSVIX	0.78	0.08	0.03	(0.33)	0.82	(0.92)	1.87	(1.20)	6.50
VFAIX	0.63	0.00	0.00	0.07	0.00	0.00	1.31	(1.71)	4.92
RMBLX	0.95	(0.05)	0.00	0.36	0.00	0.00	2.47	(1.83)	9.45
IAAEX	0.66	0.02	(0.04)	(0.19)	0.68	(0.86)	1.82	(0.98)	4.64

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Avantis Equity Correlations

Related Correlations Analysis

Risk-Adjusted Indicators

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