Artisan Global Correlations

APFPX Fund

USD 10.42 0.02 0.19%

The current 90-days correlation between Artisan Global Uncon and Calvert International Equity is 0.1 (i.e., Average diversification). 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

Good diversification

The correlation between Artisan Global Unconstrained and DJI is -0.14 (i.e., 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artisan Global Unconstrained. 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 american community survey.

Moving together with Artisan Mutual Fund

0.97	APDPX	Artisan Global Uncon	Pair Corr
0.86	APDKX	Artisan International	Pair Corr
0.86	APDGX	Artisan Global Value	Pair Corr
0.71	APDFX	Artisan High Income	Pair Corr
0.88	APDIX	Artisan International	Pair Corr
0.8	APDHX	Artisan Global Equity	Pair Corr
0.67	APDEX	Artisan Sustainable	Pair Corr
0.86	APFOX	Artisan Emerging Markets	Pair Corr
0.86	APHOX	Artisan Emerging Markets	Pair Corr
0.78	ARDBX	Artisan International	Pair Corr
0.78	ARHBX	Artisan International	Pair Corr
0.88	ARTIX	Artisan International	Pair Corr
0.86	ARTHX	Artisan Global Equity	Pair Corr
0.86	ARTKX	Artisan International	Pair Corr
0.86	ARTGX	Artisan Global Value	Pair Corr

Moving against Artisan Mutual Fund

0.6	APDSX	Artisan Small Cap	Pair Corr
0.42	APDMX	Artisan Mid Cap	Pair Corr
0.48	ARTSX	Artisan Small Cap	Pair Corr
0.42	ARTMX	Artisan Mid Cap	Pair Corr

Related Correlations Analysis

	CIESX	RTIUX	GMADX	PAEIX	PMIEX	DDCFX	QLENX
CIESX		0.91	0.84	0.91	0.75	0.8	0.87	CIESX
RTIUX	0.91		0.85	1.0	0.82	0.88	0.95	RTIUX
GMADX	0.84	0.85		0.83	0.67	0.62	0.81	GMADX
PAEIX	0.91	1.0	0.83		0.8	0.9	0.94	PAEIX
PMIEX	0.75	0.82	0.67	0.8		0.7	0.76	PMIEX
DDCFX	0.8	0.88	0.62	0.9	0.7		0.85	DDCFX
QLENX	0.87	0.95	0.81	0.94	0.76	0.85		QLENX
	CIESX	RTIUX	GMADX	PAEIX	PMIEX	DDCFX	QLENX

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 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
CIESX	0.67	0.05	0.08	(0.33)	0.91	(0.70)	1.58	(1.20)	5.26
RTIUX	0.58	0.13	0.17	0.21	0.63	(0.64)	1.47	(1.41)	5.02
GMADX	0.70	0.09	0.07	0.10	1.21	(0.73)	1.26	(1.19)	11.02
PAEIX	0.64	0.14	0.17	0.20	0.68	(0.70)	1.50	(1.22)	4.54
PMIEX	0.79	(0.03)	0.00	(0.08)	0.00	0.00	1.56	(1.60)	9.24
DDCFX	0.21	0.02	0.19	(0.54)	0.09	(0.27)	0.54	(0.33)	1.22
QLENX	0.42	0.14	0.27	0.30	0.34	(0.48)	0.81	(0.60)	3.11

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