Avantis Us Correlations
| ALCEX Fund | 14.76 0.09 0.61% |
The current 90-days correlation between Avantis Large Cap and Gurtin California Muni is -0.03 (i.e., Good 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
Weak diversification
The correlation between Avantis Large Cap and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Large Cap and DJI in the same portfolio, assuming nothing else is changed.
Avantis |
Moving together with Avantis Mutual Fund
| 0.87 | AVCNX | American Century Etf | PairCorr |
| 0.82 | AVUVX | Avantis Small Cap | PairCorr |
| 0.95 | AVUSX | Avantis Equity | PairCorr |
| 0.95 | AVUNX | Avantis Equity | PairCorr |
| 0.72 | VVIAX | Vanguard Value Index | PairCorr |
| 0.82 | DOXGX | Dodge Cox Stock | PairCorr |
| 0.64 | DODGX | Dodge Stock Fund | PairCorr |
| 0.77 | VIVAX | Vanguard Value Index | PairCorr |
| 0.73 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.67 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.85 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.85 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.85 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.85 | VITSX | Vanguard Total Stock | PairCorr |
| 0.8 | VFINX | Vanguard 500 Index | PairCorr |
| 0.8 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.63 | GLPAX | Goldman Sachs Mlp | PairCorr |
| 0.86 | FSMAX | Fidelity Extended Market | PairCorr |
Related Correlations Analysis
| 0.24 | 0.97 | -0.58 | 0.77 | 0.97 | GCMVX | ||
| 0.24 | 0.3 | 0.49 | -0.23 | 0.35 | SSAGX | ||
| 0.97 | 0.3 | -0.55 | 0.73 | 0.99 | MDMTX | ||
| -0.58 | 0.49 | -0.55 | -0.87 | -0.48 | RYAQX | ||
| 0.77 | -0.23 | 0.73 | -0.87 | 0.67 | JGIFX | ||
| 0.97 | 0.35 | 0.99 | -0.48 | 0.67 | NSIOX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GCMVX | 0.12 | (0.02) | 0.00 | (0.83) | 0.00 | 0.20 | 0.90 | |||
| SSAGX | 0.04 | 0.00 | 0.04 | 0.08 | 0.00 | 0.10 | 0.51 | |||
| MDMTX | 0.21 | (0.02) | 0.00 | (0.27) | 0.00 | 0.48 | 1.72 | |||
| RYAQX | 0.67 | 0.13 | 0.15 | (0.86) | 0.67 | 1.52 | 5.22 | |||
| JGIFX | 0.27 | (0.04) | 0.00 | (0.49) | 0.00 | 0.64 | 1.43 | |||
| NSIOX | 0.19 | (0.02) | 0.00 | (0.36) | 0.00 | 0.41 | 1.61 |