Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Value
APDGX Fund  USD 24.54  0.41  1.70%   
The current 90-days correlation between Artisan Global Value and Artisan International Value is 0.95 (i.e., Almost no 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

Significant diversification

The correlation between Artisan Global Value and DJI is 0.07 (i.e., Significant 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 price.

Moving together with Artisan Mutual Fund

  0.93TEDRX Franklin Mutual GlobalPairCorr
  0.93FMDRX Franklin Mutual GlobalPairCorr
  0.94DOXWX Dodge Cox GlobalPairCorr
  0.94DODWX Dodge Global StockPairCorr
  0.9TRZRX T Rowe PricePairCorr
  0.93TEDIX Franklin Mutual GlobalPairCorr
  0.93MDISX Franklin Mutual GlobalPairCorr
  0.93TEDSX Franklin Mutual GlobalPairCorr
  0.89PRAFX T Rowe PricePairCorr
  0.91BEGRX Franklin Mutual BeaconPairCorr
  0.79PFN Pimco Income StrategyPairCorr
  0.85CIF Mfs Intermediate HighPairCorr
  0.83XPPRX Voya Prime RatePairCorr
  0.7PCF Putnam High IncomePairCorr
  0.79XEDDX Morgan Stanley EmergingPairCorr
  0.83CEE Central Europe RussiaPairCorr
  0.61BA BoeingPairCorr
  0.62DD Dupont De NemoursPairCorr
  0.74MMM 3M CompanyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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