Avantis Large Correlations

ALCEX Fund

16.25 0.18 1.12%

The current 90-days correlation between Avantis Large Cap and Transam Short Term Bond is 0.03 (i.e., Significant diversification). The correlation of Avantis Large 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 Large Correlation With Market

Poor diversification

The correlation between Avantis Large Cap and DJI is 0.75 (i.e., Poor 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 american community survey.

Moving together with Avantis Mutual Fund

0.8	AVANX	Avantis International	Pair Corr
0.9	AVDEX	Avantis International	Pair Corr
0.86	AVCNX	American Century Etf	Pair Corr
0.8	AVDVX	Avantis International	Pair Corr
0.79	AVDNX	Avantis International	Pair Corr
0.81	AVLVX	American Century Etf	Pair Corr
0.8	AVSBX	Avantis Small Cap	Pair Corr
0.92	AVUVX	Avantis Small Cap	Pair Corr
0.78	AVUSX	Avantis Equity	Pair Corr
0.89	VVIAX	Vanguard Value Index	Pair Corr
0.86	AWSHX	Washington Mutual	Pair Corr
0.86	WSHCX	Washington Mutual	Pair Corr
0.86	WSHFX	Washington Mutual	Pair Corr
0.74	DODGX	Dodge Stock Fund	Pair Corr
0.83	AMFFX	American Mutual	Pair Corr
0.83	AMFCX	American Mutual	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VTSMX	Vanguard Total Stock	Pair Corr
0.67	VSMPX	Vanguard Total Stock	Pair Corr
0.8	VTIAX	Vanguard Total Inter	Pair Corr
0.65	VFINX	Vanguard 500 Index	Pair Corr
0.83	EAGMX	Eaton Vance Global	Pair Corr
0.96	JPVZX	Jpmorgan International	Pair Corr
0.82	PQTNX	Pimco Trends Managed	Pair Corr
0.85	FPUIX	New Hampshire Higher	Pair Corr
0.8	CII	Blackrock Enhanced	Pair Corr
0.76	NEWCX	New World Fund	Pair Corr

Moving against Avantis Mutual Fund

0.42

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	TAAQX	BSBIX	TASTX	ASCLX	CMGUX
TAAQX		0.89	0.99	0.73	0.93	TAAQX
BSBIX	0.89		0.88	0.7	0.86	BSBIX
TASTX	0.99	0.88		0.73	0.93	TASTX
ASCLX	0.73	0.7	0.73		0.78	ASCLX
CMGUX	0.93	0.86	0.93	0.78		CMGUX
	TAAQX	BSBIX	TASTX	ASCLX	CMGUX

Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Large 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 Large'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TAAQX	0.06	0.00	(0.69)	0.04	(0.13)	0.10	(0.10)	0.51
BSBIX	0.04	0.00	0.00	0.07	0.00	0.10	(0.10)	0.52
TASTX	0.06	0.00	(0.63)	0.04	(0.13)	0.10	(0.10)	0.51
ASCLX	0.58	0.25	0.35	1.10	(0.79)	0.68	(0.58)	17.14
CMGUX	0.03	0.00	0.00	0.02	0.00	0.11	0.00	0.43

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