Artisan Partners Correlations

APAM Stock

USD 41.32 0.19 0.46%

The current 90-days correlation between Artisan Partners Asset and Federated Investors B is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Artisan Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artisan Partners Asset moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Artisan Partners Correlation With Market

Poor diversification

The correlation between Artisan Partners Asset and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Partners Asset 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 Artisan Partners Asset. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Artisan Stock

0.64	MA	Mastercard	Pair Corr
0.62	ECPG	Encore Capital Group	Pair Corr
0.64	AXP	American Express	Pair Corr
0.68	COF	Capital One Financial	Pair Corr
0.67	DFS	Discover Financial	Pair Corr
0.69	ALLY	Ally Financial Normal Trading	Pair Corr
0.65	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.74	UPST	Upstart Holdings	Pair Corr
0.62	C	Citigroup Aggressive Push	Pair Corr
0.63	AX	Axos Financial	Pair Corr
0.74	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.84	BY	Byline Bancorp	Pair Corr

Moving against Artisan Stock

0.49	RENEW	Cartesian Growth	Pair Corr
0.37	EG	Everest Group	Pair Corr
0.36	CB	Chubb Sell-off Trend	Pair Corr
0.33	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	FOCS	SEIC	AMK	BCAT	BBUC
FMN		0.92	-0.41	0.39	-0.42	0.0	0.11	0.0	0.74	0.53	FMN
MYD	0.92		-0.51	0.47	-0.46	0.0	-0.04	0.0	0.75	0.59	MYD
DHIL	-0.41	-0.51		-0.46	0.64	0.0	0.39	0.0	-0.41	-0.45	DHIL
NXG	0.39	0.47	-0.46		-0.61	0.0	0.01	0.0	0.64	0.18	NXG
FHI	-0.42	-0.46	0.64	-0.61		0.0	0.14	0.0	-0.67	-0.11	FHI
FOCS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FOCS
SEIC	0.11	-0.04	0.39	0.01	0.14	0.0		0.0	0.24	-0.58	SEIC
AMK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AMK
BCAT	0.74	0.75	-0.41	0.64	-0.67	0.0	0.24	0.0		0.26	BCAT
BBUC	0.53	0.59	-0.45	0.18	-0.11	0.0	-0.58	0.0	0.26		BBUC
	FMN	MYD	DHIL	NXG	FHI	FOCS	SEIC	AMK	BCAT	BBUC

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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

MYD	+ 0.92	FMN
BCAT	+ 0.75	MYD
BCAT	+ 0.74	FMN
FHI	+ 0.64	DHIL
BCAT	+ 0.64	NXG
BBUC	+ 0.59	MYD

High negative correlations

BCAT	- 0.67	FHI
FHI	- 0.61	NXG
BBUC	- 0.58	SEIC
DHIL	- 0.51	MYD
NXG	- 0.46	DHIL
FHI	- 0.46	MYD

Risk-Adjusted Indicators

There is a big difference between Artisan Stock performing well and Artisan Partners Company 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 Artisan Partners' 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
FMN	0.44	(0.02)	0.00	(0.17)	0.00	0.00	0.81	(0.91)	3.01
MYD	0.45	(0.02)	0.00	(0.16)	0.00	0.00	0.97	(0.93)	2.63
DHIL	0.87	(0.10)	0.00	(0.13)	0.00	0.00	1.64	(2.13)	5.26
NXG	1.42	0.29	0.11	1.13	2.20	(1.46)	3.26	(2.45)	13.35
FHI	0.94	(0.02)	0.00	(0.02)	0.00	0.00	2.08	(2.41)	6.23
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEIC	1.02	(0.12)	0.00	(0.11)	0.00	0.00	2.10	(2.42)	7.20
AMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCAT	0.60	(0.04)	0.00	(0.09)	0.00	0.00	1.14	(1.33)	4.22
BBUC	1.66	0.17	0.08	0.15	1.88	(1.75)	3.05	(3.64)	9.22

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