Avantis International Correlations

AVDEX Fund

USD 12.22 0.14 1.16%

The current 90-days correlation between Avantis International and Fabwx is 0.15 (i.e., Average 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

Weak diversification

The correlation between Avantis International Equity and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International 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 International Equity. 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 income.

Moving together with Avantis Mutual Fund

0.78	AVANX	Avantis International	Pair Corr
0.7	AVBNX	American Century Etf	Pair Corr
0.67	AVDVX	Avantis International	Pair Corr
0.9	AVDNX	Avantis International	Pair Corr
0.69	AVENX	Avantis Emerging Markets	Pair Corr
0.62	AVIGX	American Century Etf	Pair Corr
0.97	VGTSX	Vanguard Total Inter	Pair Corr
0.97	VTIAX	Vanguard Total Inter	Pair Corr
0.97	VTSNX	Vanguard Total Inter	Pair Corr
0.97	VTPSX	Vanguard Total Inter	Pair Corr
0.97	VTISX	Vanguard Total Inter	Pair Corr
0.99	VTMGX	Vanguard Developed	Pair Corr
0.99	VDVIX	Vanguard Developed	Pair Corr
0.99	VTMNX	Vanguard Developed	Pair Corr
1.0	VDIPX	Vanguard Developed	Pair Corr
0.98	FSPSX	Fidelity International	Pair Corr
0.88	BTMPX	Ishares Msci Eafe	Pair Corr
0.98	BTMKX	Blackrock International	Pair Corr
0.98	MDIIX	Blackrock Intern Index	Pair Corr
0.66	JRODX	J Hancock Ii	Pair Corr

Moving against Avantis Mutual Fund

0.65	DXKSX	Direxion Monthly 7	Pair Corr
0.55	COGVX	Cognios Large Cap	Pair Corr

Related Correlations Analysis

	FABWX	LLOAX	RETSX	FLAKQX	FWNHTX	ACWDX	FTUFOX
FABWX		0.14	0.37	0.46	0.28	0.31	0.28	FABWX
LLOAX	0.14		0.77	0.36	0.4	0.86	0.3	LLOAX
RETSX	0.37	0.77		0.24	0.14	0.85	0.24	RETSX
FLAKQX	0.46	0.36	0.24		0.55	0.34	0.65	FLAKQX
FWNHTX	0.28	0.4	0.14	0.55		0.33	0.55	FWNHTX
ACWDX	0.31	0.86	0.85	0.34	0.33		0.31	ACWDX
FTUFOX	0.28	0.3	0.24	0.65	0.55	0.31		FTUFOX
	FABWX	LLOAX	RETSX	FLAKQX	FWNHTX	ACWDX	FTUFOX

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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
FABWX	0.93	0.13	0.02	(25.70)	1.65	(0.98)	1.52	(1.12)	6.74
LLOAX	0.35	(0.02)	(0.14)	0.01	0.54	(0.37)	0.59	(0.79)	4.07
RETSX	0.58	0.02	(0.04)	0.15	0.79	(0.61)	1.19	(1.46)	5.40
FLAKQX	0.70	0.12	0.03	1.56	0.93	(0.81)	1.20	(1.19)	3.60
FWNHTX	0.02	0.00	(3.12)	0.00	0.00	(0.03)	0.07	(0.04)	0.12
ACWDX	0.80	0.03	(0.01)	0.14	1.03	(0.86)	1.63	(1.48)	8.59
FTUFOX	0.09	0.00	(0.67)	0.20	0.00	(0.11)	0.22	(0.11)	0.57

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