Avantis Us Correlations

ALCEX Fund

17.42 0.01 0.06%

The current 90-days correlation between Avantis Large Cap and Delaware Limited Term Diversified is 0.39 (i.e., Weak 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

Almost no diversification

The correlation between Avantis Large Cap and DJI is 0.94 (i.e., Almost no 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis Large Cap. 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 discontinued.

Moving together with Avantis Mutual Fund

0.99	AVANX	Avantis International	Pair Corr
0.72	AVBNX	American Century Etf	Pair Corr
0.97	AVDEX	Avantis International	Pair Corr
0.97	AVCNX	American Century Etf	Pair Corr
0.9	AVEEX	Avantis Emerging Markets	Pair Corr
0.97	AVDVX	Avantis International	Pair Corr
0.98	AVDNX	Avantis International	Pair Corr
0.9	AVENX	Avantis Emerging Markets	Pair Corr
0.72	AVIGX	American Century Etf	Pair Corr
1.0	AVLVX	American Century Etf	Pair Corr
0.96	AVSBX	Avantis Small Cap	Pair Corr
0.98	AVUVX	Avantis Small Cap	Pair Corr
0.96	AVUSX	Avantis Equity	Pair Corr
0.96	AVUNX	Avantis Equity	Pair Corr
0.98	VVIAX	Vanguard Value Index	Pair Corr
0.91	AWSHX	Washington Mutual	Pair Corr
0.91	WSHCX	Washington Mutual	Pair Corr
0.93	WSHFX	Washington Mutual	Pair Corr
0.93	FWWMX	American Funds Washington	Pair Corr
0.93	FWMMX	American Funds Washington	Pair Corr
0.95	DODGX	Dodge Stock Fund	Pair Corr
0.91	AMFFX	American Mutual	Pair Corr
0.92	AMFCX	American Mutual	Pair Corr
0.83	PDI	Pimco Dynamic Income	Pair Corr
0.95	JMOSX	Janus Global Allocation	Pair Corr
0.96	FSPSX	Fidelity International	Pair Corr
0.93	FGFAX	Federated International	Pair Corr
0.85	FSKAX	Fidelity Total Market	Pair Corr
0.94	LICFX	Lord Abbett International	Pair Corr

Moving against Avantis Mutual Fund

0.96	UIPIX	Ultrashort Mid Cap	Pair Corr
0.84	TCTGX	Transamerica Cleartrack	Pair Corr
0.84	TCTJX	Transamerica Cleartrack	Pair Corr
0.83	TDKTX	Cleartrack 2015 Class	Pair Corr
0.83	TCSUX	Cleartrack 2020 Class	Pair Corr
0.81	CESGX	Coho Relative Value	Pair Corr
0.44	AMRMX	American Mutual	Pair Corr
0.41	USPSX	Profunds Ultrashort	Pair Corr
0.39	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	BICPX	PDSYX	ODIDX	FPTPX	CFAIX	HUDEX	DTICX
BICPX		0.86	0.92	0.96	0.97	0.87	0.81	BICPX
PDSYX	0.86		0.86	0.88	0.82	0.76	0.79	PDSYX
ODIDX	0.92	0.86		0.95	0.94	0.93	0.88	ODIDX
FPTPX	0.96	0.88	0.95		0.95	0.88	0.87	FPTPX
CFAIX	0.97	0.82	0.94	0.95		0.91	0.86	CFAIX
HUDEX	0.87	0.76	0.93	0.88	0.91		0.85	HUDEX
DTICX	0.81	0.79	0.88	0.87	0.86	0.85		DTICX
	BICPX	PDSYX	ODIDX	FPTPX	CFAIX	HUDEX	DTICX

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
BICPX	0.21	0.01	(0.18)	0.14	0.12	(0.27)	0.43	(0.43)	1.12
PDSYX	0.15	0.04	(0.25)	(1.71)	0.00	(0.17)	0.36	(0.25)	0.91
ODIDX	0.06	0.01	(0.61)	0.47	0.00	(0.12)	0.11	(0.11)	0.33
FPTPX	0.28	0.07	0.04	0.30	0.00	(0.34)	0.63	(0.58)	2.76
CFAIX	0.23	0.00	(0.18)	0.10	0.17	(0.29)	0.58	(0.37)	1.48
HUDEX	0.58	0.10	0.00	(0.92)	0.63	(0.64)	1.35	(1.24)	3.95
DTICX	0.06	0.00	(0.65)	0.04	0.00	(0.16)	0.13	(0.13)	0.38

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