Artisan International Correlations

Mutual Funds . USA . 
Fund . Artisan International Value
ARTKX Fund  USD 50.26  0.18  0.36%   
The current 90-days correlation between Artisan International and Artisan Mid Cap is 0.63 (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

Poor diversification

The correlation between Artisan International Value and DJI is 0.65 (i.e., Poor 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

  0.83APDWX Artisan Value IncomePairCorr
  0.68APDYX Artisan Developing WorldPairCorr
  0.62APDUX Artisan Floating RatePairCorr
  0.86APDPX Artisan Global UnconPairCorr
  0.92APDOX Artisan Emerging MarketsPairCorr
  0.97APDKX Artisan InternationalPairCorr
  0.67APDJX Artisan InternationalPairCorr
  0.69APDLX Artisan ValuePairCorr
  0.97APDGX Artisan Global ValuePairCorr
  0.84APDFX Artisan High IncomePairCorr
  0.97APDIX Artisan InternationalPairCorr
  0.99APDHX Artisan Global EquityPairCorr
  0.87APDEX Artisan SustainablePairCorr
  0.84APFWX Artisan Value IncomePairCorr
  0.86APFPX Artisan Global UnconPairCorr
  0.92APFOX Artisan Emerging MarketsPairCorr
  0.8APHWX Artisan Value IncomePairCorr
  0.92APHOX Artisan Emerging MarketsPairCorr
  0.86APHPX Artisan Global UnconPairCorr
  0.89ARDBX Artisan InternationalPairCorr
  0.89ARHBX Artisan InternationalPairCorr
  0.68ARTLX Artisan ValuePairCorr
  0.99ARTIX Artisan InternationalPairCorr
  0.99ARTHX Artisan Global EquityPairCorr
  0.68ARTJX Artisan InternationalPairCorr
  0.97ARTGX Artisan Global ValuePairCorr
  0.82ARTFX Artisan High IncomePairCorr
  0.68ARTYX Artisan Developing WorldPairCorr

Moving against Artisan Mutual Fund

  0.51APDSX Artisan Small CapPairCorr
  0.31APDMX Artisan Mid CapPairCorr
  0.51ARTSX Artisan Small CapPairCorr
  0.35ARTMX Artisan Mid CapPairCorr

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   
ARTIX
+ 0.99
OAKEX
ARTIX
+ 0.95
ARTGX
ARTGX
+ 0.93
OAKEX
ARTGX
+ 0.68
ARTJX
ARTJX
+ 0.62
ARTQX
ARTIX
+ 0.6
ARTJX
  
High negative correlations   
OAKEX
- 0.06
ARTQX
ARTIX
- 0.02
ARTQX

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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