Artisan Value Correlations

Mutual Funds . USA . 
Fund . Artisan Value Income
APHWX Fund  USD 10.76  0.02  0.19%   
The correlation of Artisan Value 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 Value Correlation With Market

Very weak diversification

The correlation between Artisan Value Income and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Value Income 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 Value Income. 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 housing.

Moving together with Artisan Mutual Fund

  0.94APDWX Artisan Value IncomePairCorr
  0.63APDYX Artisan Developing WorldPairCorr
  0.78APDTX Artisan ThematicPairCorr
  0.71APDSX Artisan Small CapPairCorr
  0.8APDRX Artisan Global OpporPairCorr
  0.84APDQX Artisan Mid CapPairCorr
  0.75APDKX Artisan InternationalPairCorr
  0.91APDJX Artisan InternationalPairCorr
  0.8APDMX Artisan Mid CapPairCorr
  0.88APDLX Artisan ValuePairCorr
  0.73APDGX Artisan Global ValuePairCorr
  0.86APDIX Artisan InternationalPairCorr
  0.88APDHX Artisan Global EquityPairCorr
  0.62APDDX Artisan Global DiscoveryPairCorr
  0.94APFWX Artisan Value IncomePairCorr
  0.62APFDX Artisan Global DiscoveryPairCorr
  0.79ARDBX Artisan InternationalPairCorr
  0.81ARHBX Artisan InternationalPairCorr
  0.84ARTQX Artisan Mid CapPairCorr
  0.71ARTSX Artisan Small CapPairCorr
  0.8ARTRX Artisan Global OpporPairCorr
  0.77ARTMX Artisan Mid CapPairCorr
  0.88ARTLX Artisan ValuePairCorr
  0.89ARTIX Artisan InternationalPairCorr
  0.89ARTHX Artisan Global EquityPairCorr
  0.75ARTKX Artisan InternationalPairCorr
  0.85ARTJX Artisan InternationalPairCorr
  0.73ARTGX Artisan Global ValuePairCorr

Related Correlations Analysis

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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   
HICSX
+ 0.95
WEICX
CNSDX
+ 0.94
PBXIX
CNSDX
+ 0.94
HICSX
HICSX
+ 0.9
PBXIX
CNSDX
+ 0.85
WEICX
CNSDX
+ 0.85
VICIX
  
High negative correlations   
CNSDX
- 0.0
PCNBX
HICSX
- 0.0
PCNBX
VICIX
- 0.0
PCNBX
WEICX
- 0.0
PCNBX
PBXIX
- 0.0
PCNBX

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Value 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 Value'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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