Artisan Value Correlations

Mutual Funds . USA . 
Fund . Artisan Value Fund
APDLX Fund  USD 15.68  0.16  1.01%   
The current 90-days correlation between Artisan Value and Blackrock Pa Muni is 0.01 (i.e., Significant diversification). The correlation of Artisan Value 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 Value Correlation With Market

Very poor diversification

The correlation between Artisan Value Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Value Fund 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 Value Fund. 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 inflation.

Moving together with Artisan Mutual Fund

  0.64ARTRX Artisan Global OpporPairCorr
  0.9ARTLX Artisan ValuePairCorr
  0.7FWWMX American Funds WashingtonPairCorr
  0.7FWMMX American Funds WashingtonPairCorr
  0.61AWSHX Washington MutualPairCorr
  0.61WSHCX Washington MutualPairCorr
  0.65VVIAX Vanguard Value IndexPairCorr
  0.71RWMAX Washington MutualPairCorr
  0.7RWMGX Washington MutualPairCorr
  0.61CWMCX Washington MutualPairCorr
  0.64RYPNX Royce OpportunityPairCorr
  0.68SVPIX Small Cap ValuePairCorr
  0.71NOINX Northern InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Value 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 Value'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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