Artisan Mid Correlations

APDMX Fund

USD 33.08 0.06 0.18%

The current 90-days correlation between Artisan Mid Cap and Dunham Large Cap is 0.53 (i.e., Very weak diversification). The correlation of Artisan Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Artisan Mid Cap and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Mid 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 Artisan Mid 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 population.

Moving together with Artisan Mutual Fund

0.95	APDTX	Artisan Thematic	Pair Corr
0.95	APDSX	Artisan Small Cap	Pair Corr
0.96	APDRX	Artisan Global Oppor	Pair Corr
0.78	APDQX	Artisan Mid Cap	Pair Corr
0.94	APDDX	Artisan Global Discovery	Pair Corr
0.9	APFDX	Artisan Global Discovery	Pair Corr
0.69	ARTQX	Artisan Mid Cap	Pair Corr
0.73	ARTSX	Artisan Small Cap	Pair Corr
0.96	ARTRX	Artisan Global Oppor	Pair Corr
0.94	ARTMX	Artisan Mid Cap	Pair Corr

Moving against Artisan Mutual Fund

0.47	ARDBX	Artisan International	Pair Corr
0.47	ARHBX	Artisan International	Pair Corr
0.43	APDIX	Artisan International	Pair Corr
0.37	APDHX	Artisan Global Equity	Pair Corr
0.32	APDKX	Artisan International	Pair Corr
0.42	ARTIX	Artisan International	Pair Corr
0.37	ARTHX	Artisan Global Equity	Pair Corr

Related Correlations Analysis

	DNLVX	TALCX	JDVNX	GVALX	SMVLX	DOXGX	CBLSX
DNLVX		0.66	0.64	0.63	0.67	0.61	0.63	DNLVX
TALCX	0.66		0.97	0.88	0.67	0.87	0.94	TALCX
JDVNX	0.64	0.97		0.8	0.77	0.77	0.86	JDVNX
GVALX	0.63	0.88	0.8		0.42	0.97	0.96	GVALX
SMVLX	0.67	0.67	0.77	0.42		0.33	0.5	SMVLX
DOXGX	0.61	0.87	0.77	0.97	0.33		0.96	DOXGX
CBLSX	0.63	0.94	0.86	0.96	0.5	0.96		CBLSX
	DNLVX	TALCX	JDVNX	GVALX	SMVLX	DOXGX	CBLSX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DNLVX	0.69	(0.05)	0.00	(0.13)	0.00	0.00	1.24	(1.35)	5.97
TALCX	0.61	0.05	0.08	0.00	0.77	(0.64)	1.36	(1.14)	3.68
JDVNX	0.65	0.04	0.00	(0.02)	0.00	0.00	1.18	(1.45)	3.55
GVALX	0.63	0.07	0.12	0.05	0.74	(0.67)	1.04	(1.16)	2.91
SMVLX	0.80	(0.06)	0.00	(0.14)	0.00	0.00	1.31	(1.85)	3.48
DOXGX	0.58	0.10	0.14	0.08	0.74	(0.58)	1.27	(1.31)	3.35
CBLSX	0.61	0.06	0.10	0.02	0.73	(0.63)	1.17	(1.14)	3.20

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