Ave Maria Correlations
| AVEFX Fund | USD 12.40 0.02 0.16% |
The current 90-days correlation between Ave Maria Bond and Fidelity Advisor Financial is 0.4 (i.e., Very weak 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
Very weak diversification
The correlation between Ave Maria Bond and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ave Maria Bond and DJI in the same portfolio, assuming nothing else is changed.
Ave |
Moving together with Ave Mutual Fund
| 0.7 | AVEDX | Ave Maria Rising | PairCorr |
| 0.75 | FASIX | Fidelity Asset Manager | PairCorr |
| 0.73 | FTIWX | Fidelity Asset Manager | PairCorr |
| 0.69 | FTDWX | Fidelity Asset Manager | PairCorr |
| 0.72 | FTAWX | Fidelity Asset Manager | PairCorr |
| 0.75 | FIKVX | Fidelity Asset Manager | PairCorr |
| 0.66 | FTCWX | Fidelity Asset Manager | PairCorr |
| 0.74 | PFIPX | Strategic Asset Mana | PairCorr |
| 0.62 | FFTWX | Fidelity Freedom 2025 | PairCorr |
| 0.63 | AMGOX | Alger Mid Cap | PairCorr |
| 0.68 | AMGIX | Income Growth | PairCorr |
| 0.74 | FSEIX | Nuveen Mid Cap | PairCorr |
| 0.79 | GAB | Gabelli Equity Trust | PairCorr |
| 0.67 | GQLOX | Gmo Quality Fund | PairCorr |
| 0.68 | DFMGX | Df Dent Midcap | PairCorr |
| 0.65 | HGXVX | Hartford Global Impact | PairCorr |
| 0.68 | VSEQX | Vanguard Strategic Equity | PairCorr |
| 0.65 | AMECX | Income Fund | PairCorr |
| 0.65 | ARIDX | Amg River Road | PairCorr |
Related Correlations Analysis
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIKBX | 0.84 | 0.07 | 0.16 | 0.18 | 0.50 | 1.88 | 9.76 | |||
| ICFAX | 0.93 | (0.22) | 0.00 | (0.10) | 0.00 | 1.43 | 5.10 | |||
| GCFSX | 0.68 | 0.01 | 0.00 | 0.13 | 0.65 | 1.52 | 6.07 | |||
| BTO | 0.90 | 0.10 | 0.15 | 0.20 | 0.72 | 1.88 | 9.88 | |||
| MCBXX | 0.03 | 0.00 | 0.00 | 0.48 | 0.00 | 0.00 | 1.01 | |||
| SBFAX | 0.80 | 0.06 | 0.11 | 0.17 | 0.51 | 1.72 | 8.60 | |||
| PFSQX | 0.80 | 0.04 | 0.11 | 0.16 | 0.51 | 1.58 | 8.34 | |||
| VFAIX | 0.78 | 0.06 | 0.12 | 0.17 | 0.51 | 1.77 | 8.51 |