Artisan Thematic Correlations

ARTTX Fund

USD 21.58 0.27 1.27%

The current 90-days correlation between Artisan Thematic and Artisan High Income is 0.44 (i.e., Very weak diversification). The correlation of Artisan Thematic 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 Thematic Correlation With Market

Good diversification

The correlation between Artisan Thematic and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Thematic 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 Thematic. 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 estimate.

Moving together with Artisan Mutual Fund

1.0	APDTX	Artisan Thematic	Pair Corr
0.75	APDSX	Artisan Small Cap	Pair Corr
0.9	APDRX	Artisan Global Oppor	Pair Corr
0.74	APDQX	Artisan Mid Cap	Pair Corr
0.87	APDMX	Artisan Mid Cap	Pair Corr
0.95	APDDX	Artisan Global Discovery	Pair Corr
0.92	APFDX	Artisan Global Discovery	Pair Corr
0.74	ARTQX	Artisan Mid Cap	Pair Corr
0.75	ARTSX	Artisan Small Cap	Pair Corr
0.93	ARTRX	Artisan Global Oppor	Pair Corr
0.87	ARTMX	Artisan Mid Cap	Pair Corr

Moving against Artisan Mutual Fund

0.61	GAAGX	Gmo Alternative Allo	Pair Corr
0.56	GAAKX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	ARTFX	ARTYX	ARTRX	RNWIX	ARTJX
ARTFX		0.64	0.16	0.0	0.56	ARTFX
ARTYX	0.64		0.55	0.0	0.86	ARTYX
ARTRX	0.16	0.55		0.0	0.52	ARTRX
RNWIX	0.0	0.0	0.0		0.0	RNWIX
ARTJX	0.56	0.86	0.52	0.0		ARTJX
	ARTFX	ARTYX	ARTRX	RNWIX	ARTJX

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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

ARTJX	+ 0.86	ARTYX
ARTYX	+ 0.64	ARTFX
ARTJX	+ 0.56	ARTFX
ARTRX	+ 0.55	ARTYX
ARTJX	+ 0.52	ARTRX
ARTRX	+ 0.16	ARTFX

High negative correlations

ARTJX	- 0.0	RNWIX
RNWIX	- 0.0	ARTRX
RNWIX	- 0.0	ARTYX
RNWIX	- 0.0	ARTFX

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Thematic 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 Thematic'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
ARTFX	0.13	(0.01)	0.35	0.12	0.12	(0.20)	0.44	(0.22)	0.89
ARTYX	1.07	0.01	0.05	0.04	1.42	(1.05)	2.22	(2.07)	6.05
ARTRX	0.85	(0.10)	0.00	0.51	0.00	0.00	1.65	(2.84)	5.50
RNWIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARTJX	0.72	0.02	0.00	(0.04)	0.00	0.00	2.04	(1.36)	5.12

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