Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Value
APDGX Fund  USD 22.56  0.15  0.67%   
The correlation of Artisan Global 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.

Artisan Global Correlation With Market

Modest diversification

The correlation between Artisan Global Value and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Value 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 Global Value. 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 price.

Moving together with Artisan Mutual Fund

  0.76APDTX Artisan ThematicPairCorr
  0.68APDSX Artisan Small CapPairCorr
  0.69APDKX Artisan InternationalPairCorr
  0.87APDJX Artisan InternationalPairCorr
  0.74APDMX Artisan Mid CapPairCorr
  0.65APDHX Artisan Global EquityPairCorr
  0.7APDEX Artisan SustainablePairCorr
  0.92APFWX Artisan Value IncomePairCorr
  0.92APHWX Artisan Value IncomePairCorr
  0.87ARDBX Artisan InternationalPairCorr
  0.76ARTQX Artisan Mid CapPairCorr
  0.68ARTSX Artisan Small CapPairCorr
  0.75ARTRX Artisan Global OpporPairCorr
  0.74ARTMX Artisan Mid CapPairCorr
  0.78ARTLX Artisan ValuePairCorr
  0.75ARTIX Artisan InternationalPairCorr
  0.74ARTHX Artisan Global EquityPairCorr
  0.69ARTKX Artisan InternationalPairCorr
  0.84ARTGX Artisan Global ValuePairCorr
  0.92ARTTX Artisan ThematicPairCorr
  0.73TEDRX Franklin Mutual GlobalPairCorr
  0.74FMDRX Franklin Mutual GlobalPairCorr
  0.73DOXWX Dodge Cox GlobalPairCorr
  0.73DODWX Dodge Global StockPairCorr
  0.83TRZRX T Rowe PricePairCorr
  0.73TEDIX Franklin Mutual GlobalPairCorr
  0.74MDISX Franklin Mutual GlobalPairCorr
  0.73TEDSX Franklin Mutual GlobalPairCorr

Moving against Artisan Mutual Fund

  0.79APDUX Artisan Floating RatePairCorr
  0.75APHPX Artisan Global UnconPairCorr
  0.73APFPX Artisan Global UnconPairCorr
  0.78ARTUX Artisan Floating RatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Global 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 Artisan Global'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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