Ave Maria Correlations

AVEDX Fund

USD 23.12 0.10 0.43%

The current 90-days correlation between Ave Maria Rising and Marsico Focus Fund is 0.22 (i.e., Modest diversification). The correlation of Ave Maria 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.

Ave Maria Correlation With Market

Almost no diversification

The correlation between Ave Maria Rising and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ave Maria Rising 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 Ave Maria Rising. 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 small area income & poverty estimates.

Moving together with Ave Mutual Fund

0.9	AVEGX	Ave Maria Growth	Pair Corr
0.93	AVEFX	Ave Maria Bond	Pair Corr
0.81	AVEAX	Ave Maria Focused	Pair Corr
0.88	AVEWX	Ave Maria World	Pair Corr
0.93	AVEMX	Ave Maria Value Steady Growth	Pair Corr
0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.72	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VFINX	Vanguard 500 Index	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.91	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.9	UJPIX	Ultrajapan Profund	Pair Corr
0.91	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.91	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr
0.92	EKWAX	Wells Fargo Advantage	Pair Corr
0.89	PAGQX	Putnam Retirement	Pair Corr
0.96	HMVAX	Hartford Mid Cap	Pair Corr
0.67	HMXAX	Alphacentric Hedged	Pair Corr
0.81	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.72	FXAIX	Fidelity 500 Index	Pair Corr
0.98	VMVIX	Vanguard Mid Cap	Pair Corr
0.89	APPLX	Appleseed Fund Appleseed	Pair Corr
0.75	PBDCX	Investment Grade Porate	Pair Corr
0.83	RNPBX	New Perspective	Pair Corr
0.95	PRKCX	Prudential Real Estate	Pair Corr
0.69	TRICX	Catalystsmh Total Return	Pair Corr
0.93	DIFHX	Mfs Diversified Income	Pair Corr

Moving against Ave Mutual Fund

0.46

UJPSX

Ultrajapan Profund

Pair Corr

Related Correlations Analysis

	AVEGX	MPIEX	VIISX	HSPCX	PABFX	PEXMX	FECGX	NOITX	MFOCX
AVEGX		0.81	0.9	0.94	0.93	0.57	0.95	0.73	0.83	AVEGX
MPIEX	0.81		0.92	0.76	0.94	0.49	0.68	0.96	0.66	MPIEX
VIISX	0.9	0.92		0.82	0.95	0.47	0.8	0.85	0.76	VIISX
HSPCX	0.94	0.76	0.82		0.89	0.5	0.97	0.69	0.82	HSPCX
PABFX	0.93	0.94	0.95	0.89		0.48	0.85	0.87	0.85	PABFX
PEXMX	0.57	0.49	0.47	0.5	0.48		0.5	0.49	0.38	PEXMX
FECGX	0.95	0.68	0.8	0.97	0.85	0.5		0.59	0.82	FECGX
NOITX	0.73	0.96	0.85	0.69	0.87	0.49	0.59		0.53	NOITX
MFOCX	0.83	0.66	0.76	0.82	0.85	0.38	0.82	0.53		MFOCX
	AVEGX	MPIEX	VIISX	HSPCX	PABFX	PEXMX	FECGX	NOITX	MFOCX

Risk-Adjusted Indicators

There is a big difference between Ave Mutual Fund performing well and Ave Maria 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 Ave Maria'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
AVEGX	0.72	0.01	0.01	0.08	0.80	(0.76)	1.44	(1.45)	5.09
MPIEX	0.60	0.14	0.18	0.31	0.30	(0.72)	1.33	(1.05)	4.68
VIISX	0.51	0.03	(0.01)	0.14	0.47	(0.55)	1.11	(0.91)	2.74
HSPCX	1.18	0.10	0.08	0.15	1.37	(1.32)	2.20	(2.49)	7.01
PABFX	0.36	0.02	(0.02)	0.12	0.31	(0.42)	0.78	(0.79)	2.18
PEXMX	0.74	0.11	0.04	(1.60)	0.72	(0.89)	1.46	(1.62)	5.48
FECGX	1.02	0.03	0.04	0.09	1.10	(1.06)	1.97	(1.97)	6.63
NOITX	0.07	0.02	(0.33)	3.15	0.00	(0.14)	0.20	(0.10)	0.61
MFOCX	0.74	0.00	(0.01)	0.07	1.00	(0.73)	1.52	(1.79)	4.98

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