Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Discovery
APHDX Fund  USD 21.43  0.38  1.81%   
The current 90-days correlation between Artisan Global Discovery and Ivy Science And is -0.06 (i.e., Good 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 Discovery and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Discovery 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 Discovery. 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 unemployment.

Moving together with Artisan Mutual Fund

  0.61APHYX Artisan Developing WorldPairCorr
  0.95APHTX Artisan FocusPairCorr
  0.71APHSX Artisan Small CapPairCorr
  0.9APHRX Artisan Global OpporPairCorr
  0.83APHQX Artisan Mid CapPairCorr
  0.92APHMX Artisan Mid CapPairCorr
  0.62APHLX Artisan ValuePairCorr
  0.8FSWFX American Funds SmallcapPairCorr
  0.8FSFWX American Funds SmallcapPairCorr
  0.78SCWCX American Fds SmallcapPairCorr
  0.79SCWFX Smallcap WorldPairCorr
  0.85SMCWX Smallcap WorldPairCorr
  0.79CSPFX Smallcap WorldPairCorr
  0.79CSPAX Smallcap WorldPairCorr
  0.78CSPEX Smallcap WorldPairCorr
  0.79RSLCX Smallcap WorldPairCorr
  0.79RLLGX Smallcap WorldPairCorr

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 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.

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