Avantis International Correlations

AVANX Fund

USD 12.27 0.07 0.57%

The current 90-days correlation between Avantis International and Pender Real Estate is 0.01 (i.e., Significant diversification). The correlation of Avantis International 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 International Correlation With Market

Average diversification

The correlation between Avantis International Small and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Small 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 International Small. 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 board of governors.

Moving together with Avantis Mutual Fund

0.77	AVBNX	American Century Etf	Pair Corr
0.91	AVDEX	Avantis International	Pair Corr
0.78	AVEEX	Avantis Emerging Markets	Pair Corr
0.87	AVDVX	Avantis International	Pair Corr
0.91	AVDNX	Avantis International	Pair Corr
0.78	AVENX	Avantis Emerging Markets	Pair Corr
0.62	AVGNX	Avantis Short Term	Pair Corr
0.84	AVIGX	American Century Etf	Pair Corr
0.66	AVSFX	Avantis Short Term	Pair Corr
0.81	DISVX	Dfa International Small	Pair Corr
0.83	DFVQX	Dfa International Vector	Pair Corr
0.81	FMNEX	Free Market International	Pair Corr
0.67	OANEX	Oakmark International	Pair Corr
0.67	OAZEX	Oakmark International	Pair Corr
0.67	OAYEX	Oakmark International	Pair Corr
0.67	OAKEX	Oakmark International	Pair Corr
0.82	VTISX	Vanguard Total Inter	Pair Corr
0.88	VTSNX	Vanguard Total Inter	Pair Corr
0.82	VTPSX	Vanguard Total Inter	Pair Corr

Moving against Avantis Mutual Fund

0.51

EMPIX

Ambassador Fund

Pair Corr

Related Correlations Analysis

	PNDIX	JYEBX	VUVAF	VGSIX	CREMX	TIREX	SRPIX
PNDIX		-0.7	0.0	-0.77	1.0	-0.78	0.82	PNDIX
JYEBX	-0.7		0.0	0.93	-0.69	0.98	-0.92	JYEBX
VUVAF	0.0	0.0		0.0	0.0	0.0	0.0	VUVAF
VGSIX	-0.77	0.93	0.0		-0.76	0.94	-1.0	VGSIX
CREMX	1.0	-0.69	0.0	-0.76		-0.77	0.81	CREMX
TIREX	-0.78	0.98	0.0	0.94	-0.77		-0.95	TIREX
SRPIX	0.82	-0.92	0.0	-1.0	0.81	-0.95		SRPIX
	PNDIX	JYEBX	VUVAF	VGSIX	CREMX	TIREX	SRPIX

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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

CREMX	+ 1.0	PNDIX
TIREX	+ 0.98	JYEBX
TIREX	+ 0.94	VGSIX
VGSIX	+ 0.93	JYEBX
SRPIX	+ 0.82	PNDIX
SRPIX	+ 0.81	CREMX

High negative correlations

SRPIX	- 1.0	VGSIX
SRPIX	- 0.95	TIREX
SRPIX	- 0.92	JYEBX
TIREX	- 0.78	PNDIX
TIREX	- 0.77	CREMX
VGSIX	- 0.77	PNDIX

Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis International 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 International'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PNDIX	0.04	0.02	0.00	4.34	0.00	0.00	0.10	0.00	0.20
JYEBX	0.81	(0.08)	0.00	(0.20)	0.00	0.00	1.32	(1.92)	5.47
VUVAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VGSIX	0.88	(0.08)	0.00	(0.44)	0.00	0.00	1.39	(1.99)	5.53
CREMX	0.02	0.02	0.00	(5.33)	0.00	0.00	0.08	0.00	0.08
TIREX	0.84	(0.08)	0.00	(0.20)	0.00	0.00	1.39	(1.92)	5.42
SRPIX	0.91	0.08	0.06	(0.57)	0.87	(1.09)	2.05	(1.35)	5.79

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