Artisan Global Correlations

APDGX Fund

USD 28.37 0.13 0.46%

The current 90-days correlation between Artisan Global Value and Transamerica Intermediate Muni is 0.18 (i.e., Average diversification). The correlation of Artisan Global 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 Global Correlation With Market

Very poor diversification

The correlation between Artisan Global Value and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global 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 Global 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 rate.

Moving together with Artisan Mutual Fund

0.77	APDSX	Artisan Small Cap	Pair Corr
0.74	APDPX	Artisan Global Uncon	Pair Corr
0.75	APDOX	Artisan Emerging Markets	Pair Corr
0.72	APDMX	Artisan Mid Cap	Pair Corr
0.61	APDLX	Artisan Value	Pair Corr
0.79	APDEX	Artisan Sustainable	Pair Corr
0.76	APFPX	Artisan Global Uncon	Pair Corr
0.75	APFOX	Artisan Emerging Markets	Pair Corr
0.63	APFDX	Artisan Global Discovery	Pair Corr
0.73	ARTSX	Artisan Small Cap	Pair Corr
0.64	ARTMX	Artisan Mid Cap	Pair Corr
0.61	ARTLX	Artisan Value	Pair Corr
0.61	ARTJX	Artisan International	Pair Corr
1.0	ARTGX	Artisan Global Value	Pair Corr
0.79	ARTZX	Artisan Emerging Markets	Pair Corr
0.84	TEDRX	Franklin Mutual Global	Pair Corr

Moving against Artisan Mutual Fund

0.41	ARDBX	Artisan International	Pair Corr
0.41	ARHBX	Artisan International	Pair Corr
0.33	APDYX	Artisan Developing World	Pair Corr

Related Correlations Analysis

	TIMTX	OKMUX	MSPYX	PBCAX	AMHIX	XVFLX
TIMTX		1.0	0.99	0.99	0.99	0.95	TIMTX
OKMUX	1.0		0.98	0.99	0.98	0.92	OKMUX
MSPYX	0.99	0.98		0.98	1.0	0.98	MSPYX
PBCAX	0.99	0.99	0.98		0.99	0.93	PBCAX
AMHIX	0.99	0.98	1.0	0.99		0.97	AMHIX
XVFLX	0.95	0.92	0.98	0.93	0.97		XVFLX
	TIMTX	OKMUX	MSPYX	PBCAX	AMHIX	XVFLX

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Global 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 Global'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TIMTX	0.10	0.05	0.00	1.89	(0.16)	0.29	(0.09)	0.67
OKMUX	0.11	0.06	0.09	3.59	(0.21)	0.39	(0.10)	0.88
MSPYX	0.13	0.07	0.18	2.63	(0.23)	0.42	(0.10)	1.05
PBCAX	0.08	0.03	(0.12)	3.55	(0.16)	0.21	(0.10)	0.51
AMHIX	0.13	0.06	0.12	1.88	(0.21)	0.40	(0.14)	0.94
XVFLX	0.29	0.11	0.26	1.00	(0.39)	0.89	(0.35)	2.49

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