Avantis Equity Correlations

Mutual Funds . USA . 
Fund . Avantis Equity
AVUSX Fund  USD 20.79  0.15  0.73%   
The current 90-days correlation between Avantis Equity and Artisan Select Equity is 0.05 (i.e., Significant diversification). 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.

Avantis Equity Correlation With Market

Average diversification

The correlation between Avantis Equity and DJI is 0.14 (i.e., Average 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 main economic indicators.

Moving together with Avantis Mutual Fund

  0.87AVANX Avantis InternationalPairCorr
  0.75AVDEX Avantis InternationalPairCorr
  0.81AVCNX American Century EtfPairCorr
  0.62AVEEX Avantis Emerging MarketsPairCorr
  0.72AVDVX Avantis InternationalPairCorr
  0.88AVDNX Avantis InternationalPairCorr
  0.74AVLVX American Century EtfPairCorr
  0.92AVSBX Avantis Small CapPairCorr
  0.67AVUVX Avantis Small CapPairCorr
  0.72AVUNX Avantis EquityPairCorr
  0.89ALCEX Avantis Large CapPairCorr
  0.9VTSAX Vanguard Total StockPairCorr
  0.76VFIAX Vanguard 500 IndexPairCorr
  0.77VTSMX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.9VSTSX Vanguard Total StockPairCorr
  0.76VFINX Vanguard 500 IndexPairCorr
  0.88VFFSX Vanguard 500 IndexPairCorr
  0.76VINIX Vanguard InstitutionalPairCorr
  0.76VIIIX Vanguard InstitutionalPairCorr
  0.7SWOBX Schwab BalancedPairCorr
  0.63LZIEX Lazard InternationalPairCorr
  0.7GIFIX Guggenheim Floating RatePairCorr
  0.69BICSX Blackrock CommodityPairCorr

Related Correlations Analysis


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.

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