Artisan Partners Correlations

APAM Stock

USD 46.77 0.39 0.84%

The current 90-days correlation between Artisan Partners Asset and Federated Investors B is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Artisan Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artisan Partners Asset moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Artisan Partners Correlation With Market

Good diversification

The correlation between Artisan Partners Asset and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Partners Asset and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artisan Partners Asset. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Artisan Stock

0.95	GS	Goldman Sachs Group	Pair Corr
0.95	AXP	American Express	Pair Corr
0.94	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.89	SCM	Stellus Capital Inve	Pair Corr
0.76	GAIN	Gladstone Investment	Pair Corr
0.92	GLAD	Gladstone Capital	Pair Corr
0.83	HTGC	Hercules Capital	Pair Corr
0.85	MAIN	Main Street Capital	Pair Corr
0.75	OPFI	OppFi Inc	Pair Corr
0.9	PFLT	PennantPark Floating Rate	Pair Corr
0.89	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.93	ALLY	Ally Financial	Pair Corr
0.92	ARCC	Ares Capital	Pair Corr
0.88	TPVG	Triplepoint Venture	Pair Corr
0.92	TSLX	Sixth Street Specialty	Pair Corr
0.91	CSWC	Capital Southwest	Pair Corr
0.94	C	Citigroup Aggressive Push	Pair Corr
0.89	L	Loews Corp	Pair Corr
0.94	DHIL	Diamond Hill Investment	Pair Corr
0.85	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.78	AC	Associated Capital	Pair Corr
0.95	AX	Axos Financial	Pair Corr
0.94	BK	Bank of New York	Pair Corr
0.95	BN	Brookfield Corp	Pair Corr
0.88	BX	Blackstone Group Normal Trading	Pair Corr
0.82	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.96	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.94	CM	Canadian Imperial Bank	Pair Corr
0.93	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.77	HG	Hamilton Insurance Group,	Pair Corr
0.88	IX	Orix Corp Ads	Pair Corr

Moving against Artisan Stock

0.33	PSEC	Prospect Capital	Pair Corr
0.73	FG	FG Annuities Life	Pair Corr
0.67	EG	Everest Group	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	FOCS	SEIC	AMK	BCAT	BBUC
FMN		0.75	0.52	0.59	0.62	0.0	0.59	0.0	0.58	0.61	FMN
MYD	0.75		0.27	0.09	0.45	0.0	0.34	0.0	0.06	0.11	MYD
DHIL	0.52	0.27		0.71	0.93	0.0	0.93	0.0	0.69	0.68	DHIL
NXG	0.59	0.09	0.71		0.62	0.0	0.65	0.0	0.98	0.9	NXG
FHI	0.62	0.45	0.93	0.62		0.0	0.97	0.0	0.6	0.6	FHI
FOCS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FOCS
SEIC	0.59	0.34	0.93	0.65	0.97	0.0		0.0	0.61	0.62	SEIC
AMK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AMK
BCAT	0.58	0.06	0.69	0.98	0.6	0.0	0.61	0.0		0.92	BCAT
BBUC	0.61	0.11	0.68	0.9	0.6	0.0	0.62	0.0	0.92		BBUC
	FMN	MYD	DHIL	NXG	FHI	FOCS	SEIC	AMK	BCAT	BBUC

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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

BCAT	+ 0.98	NXG
SEIC	+ 0.97	FHI
FHI	+ 0.93	DHIL
SEIC	+ 0.93	DHIL
BBUC	+ 0.92	BCAT
BBUC	+ 0.9	NXG

High negative correlations

BBUC	- 0.0	AMK
BCAT	- 0.0	AMK
AMK	- 0.0	SEIC
BBUC	- 0.0	FOCS
BCAT	- 0.0	FOCS
AMK	- 0.0	FOCS

Risk-Adjusted Indicators

There is a big difference between Artisan Stock performing well and Artisan Partners Company 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 Partners' 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
FMN	0.36	0.01	(0.21)	0.19	0.41	(0.39)	0.66	(0.57)	2.26
MYD	0.49	(0.05)	(0.16)	0.00	0.74	(0.50)	1.11	(0.98)	4.37
DHIL	1.15	0.10	0.07	0.24	1.16	(1.28)	2.87	(2.64)	6.75
NXG	0.93	0.33	0.28	0.83	0.47	(1.14)	3.08	(1.33)	5.74
FHI	0.92	0.22	0.16	0.38	0.96	(1.05)	2.30	(1.63)	7.44
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEIC	1.02	0.21	0.20	0.30	0.71	(1.20)	2.60	(1.78)	9.87
AMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCAT	0.53	0.21	0.21	0.85	0.00	(0.65)	1.48	(0.89)	3.62
BBUC	1.62	0.31	0.19	0.41	1.41	(1.91)	4.42	(2.57)	10.15

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