Artisan Developing Correlations

APDYX Fund

USD 22.92 0.31 1.37%

The current 90-days correlation between Artisan Developing World and Enhanced Fixed Income is -0.01 (i.e., Good diversification). The correlation of Artisan Developing 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artisan Developing World. 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 manufacturing.

Moving together with Artisan Mutual Fund

0.71	APDWX	Artisan Value Income	Pair Corr
0.71	APDOX	Artisan Emerging Markets	Pair Corr
0.86	ARTJX	Artisan International	Pair Corr
0.66	ARTFX	Artisan High Income	Pair Corr
1.0	ARTYX	Artisan Developing World	Pair Corr
0.69	VEMAX	Vanguard Emerging Markets	Pair Corr
0.69	VEIEX	Vanguard Emerging Markets	Pair Corr
0.69	VEMIX	Vanguard Emerging Markets	Pair Corr
0.69	VEMRX	Vanguard Emerging Markets	Pair Corr
0.81	FWWNX	American Funds New	Pair Corr
0.81	FNFWX	American Funds New	Pair Corr
0.84	NEWFX	New World Fund	Pair Corr
0.81	NWFFX	New World Fund	Pair Corr
0.81	NEWCX	New World Fund	Pair Corr
0.76	ODVYX	Oppenheimer Developing	Pair Corr
0.75	PGLSX	Global Multi Strategy	Pair Corr
0.7	HTD	John Hancock Tax	Pair Corr
0.79	DBIWX	Dws Global Macro	Pair Corr
0.8	HWACX	Hotchkis Wiley Value	Pair Corr
0.66	SGDLX	Sprott Gold Equity	Pair Corr

Related Correlations Analysis

	AAEZX	QMNIX	DHGCX	RBCIX	DDCFX	PMIEX
AAEZX		0.87	0.78	0.78	0.83	0.55	AAEZX
QMNIX	0.87		0.68	0.88	0.88	0.55	QMNIX
DHGCX	0.78	0.68		0.72	0.86	0.61	DHGCX
RBCIX	0.78	0.88	0.72		0.89	0.66	RBCIX
DDCFX	0.83	0.88	0.86	0.89		0.62	DDCFX
PMIEX	0.55	0.55	0.61	0.66	0.62		PMIEX
	AAEZX	QMNIX	DHGCX	RBCIX	DDCFX	PMIEX

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Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Developing 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 Developing'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
AAEZX	0.24	0.01	0.02	0.05	0.28	(0.28)	0.59	(0.39)	1.40
QMNIX	0.29	0.15	0.38	1.03	0.00	(0.41)	0.68	(0.39)	1.97
DHGCX	0.18	(0.01)	0.00	0.54	0.00	0.00	0.36	(0.36)	1.46
RBCIX	1.28	0.25	0.15	2.03	1.27	(1.49)	2.72	(2.64)	7.76
DDCFX	0.21	0.01	0.04	(0.24)	0.15	(0.28)	0.54	(0.43)	1.22
PMIEX	0.80	(0.07)	0.00	(0.15)	0.00	0.00	1.56	(1.68)	9.24

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Artisan Developing Correlations

Moving together with Artisan Mutual Fund

Related Correlations Analysis

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