Artisan International Correlations

Mutual Funds . USA . 
Fund . Artisan International Value
APDKX Fund  USD 49.98  0.19  0.38%   
The current 90-days correlation between Artisan International and Baird E Plus is 0.16 (i.e., Average 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

Very good diversification

The correlation between Artisan International Value and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International 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 International 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 industry.

Moving together with Artisan Mutual Fund

  0.84APDWX Artisan Value IncomePairCorr
  0.69APDYX Artisan Developing WorldPairCorr
  0.62APDUX Artisan Floating RatePairCorr
  0.83APDPX Artisan Global UnconPairCorr
  0.91APDOX Artisan Emerging MarketsPairCorr
  0.65APDJX Artisan InternationalPairCorr
  0.62APDLX Artisan ValuePairCorr
  0.98APDGX Artisan Global ValuePairCorr
  0.84APDFX Artisan High IncomePairCorr
  0.99APDIX Artisan InternationalPairCorr
  0.97APDHX Artisan Global EquityPairCorr
  0.92APDEX Artisan SustainablePairCorr
  0.84APFWX Artisan Value IncomePairCorr
  0.83APFPX Artisan Global UnconPairCorr
  0.91APFOX Artisan Emerging MarketsPairCorr
  0.84APHWX Artisan Value IncomePairCorr
  0.92APHOX Artisan Emerging MarketsPairCorr
  0.84APHPX Artisan Global UnconPairCorr
  0.93ARDBX Artisan InternationalPairCorr
  0.91ARHBX Artisan InternationalPairCorr
  0.69ARTLX Artisan ValuePairCorr
  0.97ARTIX Artisan InternationalPairCorr
  0.97ARTHX Artisan Global EquityPairCorr
  0.97ARTKX Artisan InternationalPairCorr
  0.64ARTJX Artisan InternationalPairCorr
  0.98ARTGX Artisan Global ValuePairCorr
  0.83ARTFX Artisan High IncomePairCorr
  0.69ARTYX Artisan Developing WorldPairCorr

Moving against Artisan Mutual Fund

  0.57APDSX Artisan Small CapPairCorr
  0.38APDMX Artisan Mid CapPairCorr
  0.52ARTSX Artisan Small CapPairCorr
  0.38ARTMX Artisan Mid CapPairCorr

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 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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