Avantis Small Correlations

Mutual Funds . USA . 
Fund . Avantis Small Cap
AVSBX Fund   12.19  0.19  1.58%   
The current 90-days correlation between Avantis Small Cap and Eic Value Fund is 0.56 (i.e., Very weak diversification). The correlation of Avantis Small 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 Small Correlation With Market

Average diversification

The correlation between Avantis Small Cap and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Small 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 Small 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 bureau of labor statistics.

Moving together with Avantis Mutual Fund

  0.96AVANX Avantis InternationalPairCorr
  0.93AVDEX Avantis InternationalPairCorr
  0.97AVCNX American Century EtfPairCorr
  0.65AVEEX Avantis Emerging MarketsPairCorr
  0.96AVDVX Avantis InternationalPairCorr
  0.93AVDNX Avantis InternationalPairCorr
  0.66AVENX Avantis Emerging MarketsPairCorr
  0.94AVLVX American Century EtfPairCorr
  0.97AVUVX Avantis Small CapPairCorr
  0.96AVUSX Avantis EquityPairCorr
  0.93AVUNX Avantis EquityPairCorr
  0.94ALCEX Avantis Large CapPairCorr
  0.86VSMAX Vanguard Small CapPairCorr
  0.86VSCIX Vanguard Small CapPairCorr
  0.85VSCPX Vanguard Small CapPairCorr
  0.86NAESX Vanguard Small CapPairCorr
  0.82FSSNX Fidelity Small CapPairCorr
  0.91DFSTX Us Small CapPairCorr
  0.91FTHSX Fuller Thaler BehavioralPairCorr
  0.91FTHNX Fuller Thaler BehavioralPairCorr
  0.92PASVX T Rowe PricePairCorr
  0.92PRVIX T Rowe PricePairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.8VTSAX Vanguard Total StockPairCorr
  0.76VTSMX Vanguard Total StockPairCorr
  0.79VSTSX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.83VTIAX Vanguard Total InterPairCorr
  0.76VFINX Vanguard 500 IndexPairCorr
  0.77VFFSX Vanguard 500 IndexPairCorr
  0.71CUSOX Columbia Ultra ShortPairCorr
  0.78OGEAX Jpmorgan Equity IndexPairCorr
  0.85FIVUX First Investors OppoPairCorr
  0.73IGMSX Vy Oppenheimer GlobalPairCorr
  0.75ORILX Oak Ridge MultiPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Small 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 Small'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.

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