Artisan High Correlations

APDFX Fund

USD 9.18 0.01 0.11%

The current 90-days correlation between Artisan High Income and Small Cap Growth Profund is 0.34 (i.e., Weak diversification). The correlation of Artisan High 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 High Correlation With Market

Weak diversification

The correlation between Artisan High Income and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan High 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 High 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 price.

Moving together with ARTISAN Mutual Fund

0.64	APDGX	Artisan Global Value	Pair Corr
0.77	APDIX	Artisan International	Pair Corr
0.66	ARTRX	Artisan Global Oppor	Pair Corr
0.73	ARTMX	Artisan Mid Cap	Pair Corr
0.77	ARTIX	Artisan International	Pair Corr
0.99	ARTFX	Artisan High Income	Pair Corr
0.79	ARTZX	Artisan Emerging Markets	Pair Corr
0.88	VWEAX	Vanguard High Yield	Pair Corr
0.88	VWEHX	Vanguard High Yield	Pair Corr
0.89	BHYCX	Blackrock Hi Yld	Pair Corr
0.89	BHYIX	Blackrock High Yield	Pair Corr
0.88	BHYSX	Blackrock Hi Yld	Pair Corr
0.88	BHYAX	Blackrock High Yield	Pair Corr
0.88	FAHHX	American Funds American	Pair Corr
0.88	FTAHX	American Funds American	Pair Corr
0.89	AHTFX	American High Income	Pair Corr
0.76	AHTCX	American High Income	Pair Corr
0.72	SPGSX	State Street Premier	Pair Corr
0.64	KF	Korea Closed	Pair Corr
0.67	SCTCX	California Tax Free	Pair Corr
0.73	APDMX	Artisan Mid Cap	Pair Corr
0.92	LBHIX	Thrivent High Yield	Pair Corr
0.72	CHY	Calamos Convertible And	Pair Corr
0.74	SDACX	Swan Defined Risk	Pair Corr
0.88	HYPSX	Ridgeworth Seix High	Pair Corr
0.77	TLYIX	Tiaa Cref Lifecycle	Pair Corr
0.65	WARAX	Wells Fargo Advantage	Pair Corr
0.66	CAYCX	California High Yield	Pair Corr

Moving against ARTISAN Mutual Fund

0.32

ARTQX

Artisan Mid Cap

Pair Corr

Related Correlations Analysis

	SGPIX	UMPIX	UAPIX	SVPSX
SGPIX		0.92	0.74	0.87	SGPIX
UMPIX	0.92		0.55	0.81	UMPIX
UAPIX	0.74	0.55		0.76	UAPIX
SVPSX	0.87	0.81	0.76		SVPSX
	SGPIX	UMPIX	UAPIX	SVPSX

Risk-Adjusted Indicators

There is a big difference between ARTISAN Mutual Fund performing well and Artisan High 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 High'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
SGPIX	0.82	(0.06)	(0.04)	0.01	1.01	(0.87)	2.09	(1.52)	5.21
UMPIX	1.48	(0.10)	(0.01)	0.01	1.95	(1.52)	3.24	(3.18)	8.93
UAPIX	1.88	(0.01)	0.04	0.05	2.44	(1.88)	4.28	(3.95)	11.10
SVPSX	0.95	(0.04)	(0.01)	0.03	1.13	(1.00)	2.08	(2.08)	5.65

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