Artisan International Correlations

Mutual Funds . USA . 
Fund . Artisan International Small Mid
APDJX Fund  USD 17.74  0.06  0.34%   
The current 90-days correlation between Artisan International and Angel Oak Ultrashort is 0.02 (i.e., Significant diversification). The correlation of Artisan International 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 International Correlation With Market

Good diversification

The correlation between Artisan International Small Mi and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International Small Mi 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 International Small Mid. 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 inflation.

Moving together with Artisan Mutual Fund

  0.81APDWX Artisan Value IncomePairCorr
  0.8APDYX Artisan Developing WorldPairCorr
  0.65APDTX Artisan ThematicPairCorr
  0.7APDRX Artisan Global OpporPairCorr
  0.75APDQX Artisan Mid CapPairCorr
  0.82APDKX Artisan InternationalPairCorr
  0.77APDMX Artisan Mid CapPairCorr
  0.74APDLX Artisan ValuePairCorr
  0.71APDGX Artisan Global ValuePairCorr
  0.82APDIX Artisan InternationalPairCorr
  0.83APDHX Artisan Global EquityPairCorr
  0.64APDDX Artisan Global DiscoveryPairCorr
  0.81APFWX Artisan Value IncomePairCorr
  0.64APFDX Artisan Global DiscoveryPairCorr
  0.91APHWX Artisan Value IncomePairCorr
  0.82ARDBX Artisan InternationalPairCorr
  0.83ARHBX Artisan InternationalPairCorr
  0.69ARTQX Artisan Mid CapPairCorr
  0.66ARTRX Artisan Global OpporPairCorr
  0.66ARTMX Artisan Mid CapPairCorr
  0.74ARTLX Artisan ValuePairCorr
  0.89ARTIX Artisan InternationalPairCorr
  0.83ARTHX Artisan Global EquityPairCorr
  0.76ARTKX Artisan InternationalPairCorr
  0.94ARTJX Artisan InternationalPairCorr
  0.71ARTGX Artisan Global ValuePairCorr
  0.73ARTYX Artisan Developing WorldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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