Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Equity
APDHX Fund  USD 25.74  0.14  0.55%   
The current 90-days correlation between Artisan Global Equity and Invesco Gold Special is 0.01 (i.e., Significant 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 weak diversification

The correlation between Artisan Global Equity and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Equity 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 Equity. 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

  0.94APDWX Artisan Value IncomePairCorr
  0.87APDYX Artisan Developing WorldPairCorr
  0.98APDTX Artisan ThematicPairCorr
  0.91APDSX Artisan Small CapPairCorr
  0.97APDUX Artisan Floating RatePairCorr
  0.98APDPX Artisan Global UnconPairCorr
  0.98APDOX Artisan Emerging MarketsPairCorr
  0.96APDRX Artisan Global OpporPairCorr
  0.88APDQX Artisan Mid CapPairCorr
  0.94APDKX Artisan InternationalPairCorr
  0.97APDJX Artisan InternationalPairCorr
  0.96APDMX Artisan Mid CapPairCorr
  0.95APDLX Artisan ValuePairCorr
  0.95APDGX Artisan Global ValuePairCorr
  0.97APDFX Artisan High IncomePairCorr
  0.99APDIX Artisan InternationalPairCorr
  0.98APDEX Artisan SustainablePairCorr
  0.93APDDX Artisan Global DiscoveryPairCorr
  0.94APFWX Artisan Value IncomePairCorr
  0.98APFPX Artisan Global UnconPairCorr
  0.98APFOX Artisan Emerging MarketsPairCorr
  0.93APFDX Artisan Global DiscoveryPairCorr
  0.94APHWX Artisan Value IncomePairCorr
  0.98APHOX Artisan Emerging MarketsPairCorr
  0.98APHPX Artisan Global UnconPairCorr
  0.99ARDBX Artisan InternationalPairCorr
  0.99ARHBX Artisan InternationalPairCorr
  0.88ARTQX Artisan Mid CapPairCorr
  0.91ARTSX Artisan Small CapPairCorr
  0.96ARTRX Artisan Global OpporPairCorr
  0.96ARTMX Artisan Mid CapPairCorr
  0.95ARTLX Artisan ValuePairCorr
  0.99ARTIX Artisan InternationalPairCorr
  1.0ARTHX Artisan Global EquityPairCorr
  0.94ARTKX Artisan InternationalPairCorr
  0.97ARTJX Artisan InternationalPairCorr
  0.95ARTGX Artisan Global ValuePairCorr
  0.97ARTFX Artisan High IncomePairCorr
  0.87ARTYX Artisan Developing WorldPairCorr

Moving against Artisan Mutual Fund

  0.94USPSX Profunds UltrashortPairCorr
  0.87TCTGX Transamerica CleartrackPairCorr
  0.86TDKTX Cleartrack 2015 ClassPairCorr

Related Correlations Analysis

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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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