Artisan International Correlations

APHKX Fund

USD 49.01 0.06 0.12%

The current 90-days correlation between Artisan International and Bridge Builder International is 0.75 (i.e., Poor diversification). The correlation of Artisan International 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 International Correlation With Market

Very weak diversification

The correlation between Artisan International Value and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International Value 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 International Value. 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 industry.

Moving together with Artisan Mutual Fund

0.75	APHJX	Artisan International	Pair Corr
0.87	VGTSX	Vanguard Total Inter	Pair Corr
0.87	VTIAX	Vanguard Total Inter	Pair Corr
0.87	VTSNX	Vanguard Total Inter	Pair Corr
0.87	VTPSX	Vanguard Total Inter	Pair Corr
0.87	VTISX	Vanguard Total Inter	Pair Corr
0.93	VTMGX	Vanguard Developed	Pair Corr
0.93	VDVIX	Vanguard Developed	Pair Corr
0.9	VTMNX	Vanguard Developed	Pair Corr
0.93	VDIPX	Vanguard Developed	Pair Corr
0.92	FSPSX	Fidelity International	Pair Corr

Moving against Artisan Mutual Fund

0.65	APHMX	Artisan Mid Cap	Pair Corr
0.62	APHLX	Artisan Value	Pair Corr
0.55	APHDX	Artisan Global Discovery	Pair Corr
0.53	APDNX	Artisan Select Equity	Pair Corr
0.52	APHSX	Artisan Small Cap	Pair Corr
0.49	APHTX	Artisan Focus	Pair Corr
0.49	APHNX	Artisan Select Equity	Pair Corr
0.42	APHFX	Artisan High Income	Pair Corr
0.39	APHYX	Artisan Developing World	Pair Corr
0.33	APHQX	Artisan Mid Cap	Pair Corr
0.49	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.48	RYVLX	Nasdaq 100 2x	Pair Corr
0.48	RYVYX	Nasdaq 100 2x	Pair Corr
0.48	RYCCX	Nasdaq 100 2x	Pair Corr
0.47	UOPIX	Ultra Nasdaq 100 Steady Growth	Pair Corr
0.47	UOPSX	Ultranasdaq 100 Profund Steady Growth	Pair Corr
0.71	INPIX	Internet Ultrasector	Pair Corr
0.7	INPSX	Internet Ultrasector	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.65	BDJ	Blackrock Enhanced Equity	Pair Corr
0.63	GAB	Gabelli Equity Trust	Pair Corr
0.6	WWLAX	Westwood Largecap Value	Pair Corr
0.59	VFINX	Vanguard 500 Index	Pair Corr
0.59	VFIAX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	BBIEX	BBGLX	BBGSX	BBVLX	BBCPX
BBIEX		-0.45	-0.54	-0.43	0.7	BBIEX
BBGLX	-0.45		0.96	0.95	-0.66	BBGLX
BBGSX	-0.54	0.96		0.97	-0.67	BBGSX
BBVLX	-0.43	0.95	0.97		-0.62	BBVLX
BBCPX	0.7	-0.66	-0.67	-0.62		BBCPX
	BBIEX	BBGLX	BBGSX	BBVLX	BBCPX

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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

BBVLX	+ 0.97	BBGSX
BBGSX	+ 0.96	BBGLX
BBVLX	+ 0.95	BBGLX
BBCPX	+ 0.7	BBIEX

High negative correlations

BBCPX	- 0.67	BBGSX
BBCPX	- 0.66	BBGLX
BBCPX	- 0.62	BBVLX
BBGSX	- 0.54	BBIEX
BBGLX	- 0.45	BBIEX
BBVLX	- 0.43	BBIEX

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan International 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 International'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
BBIEX	0.63	(0.11)	0.00	(0.11)	0.00	0.00	0.98	(1.64)	3.86
BBGLX	0.58	0.01	(0.01)	0.12	0.78	(0.59)	1.27	(1.72)	4.28
BBGSX	0.73	0.05	0.06	0.16	0.82	(0.82)	1.71	(1.57)	5.03
BBVLX	0.48	(0.01)	(0.06)	0.10	0.37	(0.57)	0.93	(0.81)	3.01
BBCPX	0.23	(0.01)	0.00	0.35	0.00	0.00	0.45	(0.57)	1.37

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