Artisan International Correlations

Mutual Funds . USA . 
Fund . Artisan International Fund
ARTIX Fund  USD 29.66  0.02  0.07%   
The current 90-days correlation between Artisan International and Artisan Mid Cap is 0.03 (i.e., Significant 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

Good diversification

The correlation between Artisan International Fund and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International Fund 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 Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Artisan Mutual Fund

  0.89APDWX Artisan Value IncomePairCorr
  0.66APDYX Artisan Developing WorldPairCorr
  0.72APDTX Artisan ThematicPairCorr
  0.73APDRX Artisan Global OpporPairCorr
  0.78APDQX Artisan Mid CapPairCorr
  0.83APDKX Artisan InternationalPairCorr
  0.83APDJX Artisan InternationalPairCorr
  0.7APDMX Artisan Mid CapPairCorr
  0.9APDLX Artisan ValuePairCorr
  0.86APDGX Artisan Global ValuePairCorr
  1.0APDIX Artisan InternationalPairCorr
  0.94APDHX Artisan Global EquityPairCorr
  0.89APFWX Artisan Value IncomePairCorr
  0.89APHWX Artisan Value IncomePairCorr
  0.81ARDBX Artisan InternationalPairCorr
  0.81ARHBX Artisan InternationalPairCorr
  0.73ARTQX Artisan Mid CapPairCorr
  0.7ARTMX Artisan Mid CapPairCorr
  0.85ARTLX Artisan ValuePairCorr
  0.94ARTHX Artisan Global EquityPairCorr
  0.79ARTKX Artisan InternationalPairCorr
  0.83ARTJX Artisan InternationalPairCorr
  0.81ARTGX Artisan Global ValuePairCorr
  0.63ARTFX Artisan High IncomePairCorr
  0.7ARTYX Artisan Developing WorldPairCorr

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   
HAINX
+ 0.91
OAKIX
SLASX
+ 0.86
ARTMX
HAINX
+ 0.81
DODFX
DODFX
+ 0.69
OAKIX
DODFX
+ 0.59
SLASX
HAINX
+ 0.46
SLASX
  
High negative correlations   
OAKIX
- 0.09
ARTMX

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.

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