Artisan Global Correlations
| APFPX Fund | USD 10.39 0.01 0.1% |
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
Very good diversification
The correlation between Artisan Global Unconstrained and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Unconstrained and DJI in the same portfolio, assuming nothing else is changed.
Artisan |
Moving together with Artisan Mutual Fund
| 0.92 | APDUX | Artisan Floating Rate | PairCorr |
| 1.0 | APDPX | Artisan Global Uncon | PairCorr |
| 0.86 | APDOX | Artisan Emerging Markets | PairCorr |
| 0.84 | APFOX | Artisan Emerging Markets | PairCorr |
| 0.87 | APHOX | Artisan Emerging Markets | PairCorr |
| 0.65 | APHPX | Artisan Global Uncon | PairCorr |
Moving against Artisan Mutual Fund
| 0.41 | APDSX | Artisan Small Cap | PairCorr |
| 0.34 | APDMX | Artisan Mid Cap | PairCorr |
| 0.31 | APDRX | Artisan Global Oppor | PairCorr |
Related Correlations Analysis
| 0.88 | 0.9 | 0.88 | 0.9 | 0.2 | 0.0 | CAARX | ||
| 0.88 | 0.84 | 0.94 | 0.75 | 0.34 | 0.0 | LIGFX | ||
| 0.9 | 0.84 | 0.85 | 0.93 | 0.08 | 0.0 | MNDWX | ||
| 0.88 | 0.94 | 0.85 | 0.79 | 0.2 | 0.0 | FPTPX | ||
| 0.9 | 0.75 | 0.93 | 0.79 | 0.11 | 0.0 | MDBSX | ||
| 0.2 | 0.34 | 0.08 | 0.2 | 0.11 | 0.0 | QDARX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PSIBX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CAARX | 0.26 | 0.02 | 0.04 | (0.33) | 0.34 | 0.67 | 2.05 | |||
| LIGFX | 0.28 | 0.02 | 0.03 | 0.07 | 0.36 | 0.55 | 1.91 | |||
| MNDWX | 0.12 | 0.01 | 0.01 | 0.21 | 0.11 | 0.29 | 0.97 | |||
| FPTPX | 0.29 | 0.02 | 0.02 | 0.06 | 0.45 | 0.61 | 2.15 | |||
| MDBSX | 0.22 | 0.02 | 0.05 | (0.34) | 0.14 | 0.75 | 1.38 | |||
| QDARX | 0.09 | 0.01 | 0.05 | (2.33) | 0.00 | 0.25 | 0.49 | |||
| PSIBX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |