Artisan Global Correlations

APHHX Fund

USD 22.00 0.02 0.09%

The current 90-days correlation between Artisan Global Equity and Blackrock Conservative Prprdptfinstttnl is -0.13 (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

Poor diversification

The correlation between Artisan Global Equity and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Equity 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 Equity. 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 rate.

Moving together with ARTISAN Mutual Fund

0.64	APDNX	Artisan Select Equity	Pair Corr
0.61	APHYX	Artisan Developing World	Pair Corr
0.72	APHTX	Artisan Focus	Pair Corr
0.79	APHSX	Artisan Small Cap	Pair Corr
0.75	APHNX	Artisan Select Equity	Pair Corr
0.85	APHRX	Artisan Global Oppor	Pair Corr
0.83	APHQX	Artisan Mid Cap	Pair Corr
0.72	APHMX	Artisan Mid Cap	Pair Corr
0.7	APHLX	Artisan Value	Pair Corr
0.69	APHGX	Artisan Global Value	Pair Corr
0.76	APHDX	Artisan Global Discovery	Pair Corr
0.75	ARTNX	Artisan Select Equity	Pair Corr
0.67	FNFPX	American Funds New	Pair Corr
0.67	FFPNX	American Funds New	Pair Corr
0.83	NPFCX	New Perspective	Pair Corr
0.83	ANWPX	New Perspective	Pair Corr
0.83	NPFFX	New Perspective	Pair Corr
0.83	CNPAX	New Perspective	Pair Corr
0.83	CNPEX	New Perspective	Pair Corr
0.83	CNPFX	New Perspective	Pair Corr
0.67	CNPCX	New Perspective	Pair Corr
0.83	RNPAX	New Perspective	Pair Corr
0.62	SMPIX	Semiconductor Ultrasector	Pair Corr
0.61	SMPSX	Semiconductor Ultrasector	Pair Corr
0.61	RSNYX	Victory Global Natural	Pair Corr
0.61	RGNCX	Victory Global Natural	Pair Corr
0.61	RSNRX	Victory Global Natural	Pair Corr
0.66	RMQAX	Monthly Rebalance	Pair Corr
0.66	RMQHX	Monthly Rebalance	Pair Corr
0.66	VFINX	Vanguard 500 Index	Pair Corr
0.66	PYRLX	Payden High Income	Pair Corr

Related Correlations Analysis

	BICPX	HUDEX	HAIDX	ADX	MDBLX	PGFCX	JDJRX
BICPX		-0.04	0.68	-0.22	0.75	0.79	0.68	BICPX
HUDEX	-0.04		-0.14	0.83	-0.52	0.42	-0.19	HUDEX
HAIDX	0.68	-0.14		-0.37	0.47	0.46	0.7	HAIDX
ADX	-0.22	0.83	-0.37		-0.63	0.31	-0.25	ADX
MDBLX	0.75	-0.52	0.47	-0.63		0.33	0.5	MDBLX
PGFCX	0.79	0.42	0.46	0.31	0.33		0.56	PGFCX
JDJRX	0.68	-0.19	0.7	-0.25	0.5	0.56		JDJRX
	BICPX	HUDEX	HAIDX	ADX	MDBLX	PGFCX	JDJRX

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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

ADX	+ 0.83	HUDEX
PGFCX	+ 0.79	BICPX
MDBLX	+ 0.75	BICPX
JDJRX	+ 0.7	HAIDX
HAIDX	+ 0.68	BICPX
JDJRX	+ 0.68	BICPX

High negative correlations

MDBLX	- 0.63	ADX
MDBLX	- 0.52	HUDEX
ADX	- 0.37	HAIDX
JDJRX	- 0.25	ADX
ADX	- 0.22	BICPX
JDJRX	- 0.19	HUDEX

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
BICPX	0.19	0.00	(0.41)	0.07	0.17	(0.29)	0.44	(0.43)	1.21
HUDEX	0.68	0.07	(0.04)	0.97	0.72	(0.74)	1.58	(1.15)	5.46
HAIDX	0.63	(0.03)	0.00	2.04	0.00	0.00	1.24	(1.55)	4.05
ADX	0.64	0.00	(0.02)	0.11	0.80	(0.66)	1.35	(1.20)	3.44
MDBLX	0.22	0.01	(0.33)	(0.08)	0.25	(0.26)	0.37	(0.60)	1.35
PGFCX	0.23	0.03	(0.27)	0.89	0.18	(0.28)	0.48	(0.48)	1.24
JDJRX	0.44	(0.06)	0.00	(0.04)	0.00	0.00	1.00	(0.89)	2.54

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