Avantis Us Correlations

Mutual Funds . USA . 
Fund . Avantis Equity
AVUSX Fund  USD 20.66  0.09  0.44%   
The current 90-days correlation between Avantis Equity and Tfa Alphagen Growth is 0.88 (i.e., Very 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

Good diversification

The correlation between Avantis Equity and DJI is -0.2 (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 various price indices.

Moving together with Avantis Mutual Fund

  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.65GAAKX Gmo Alternative AlloPairCorr
  0.65GAAGX Gmo Alternative AlloPairCorr
  0.85GPBFX Gmo E PlusPairCorr
  0.83GPMFX Guidepath Managed FuturesPairCorr
  0.93PQTAX Pimco Trends ManagedPairCorr
  0.93PQTNX Pimco Trends ManagedPairCorr
  0.93PQTIX Aa Pimco TrPairCorr
  0.89WARCX Wells Fargo AdvantagePairCorr
  0.93PVFAX Paradigm ValuePairCorr
  0.74DD Dupont De NemoursPairCorr
  0.73JNJ Johnson JohnsonPairCorr
  0.82BAC Bank of AmericaPairCorr
  0.63HPQ HP IncPairCorr
  0.79INTC IntelPairCorr
  0.78TRV The Travelers CompaniesPairCorr
  0.79JPM JPMorgan ChasePairCorr

Moving against Avantis Mutual Fund

  0.71KO Coca Cola Earnings Call This WeekPairCorr
  0.62DIS Walt DisneyPairCorr
  0.58BA BoeingPairCorr

Related Correlations Analysis


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.

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