Artisan Mid Correlations

Mutual Funds . USA . 
Fund . Artisan Mid Cap
APDMX Fund  USD 36.75  0.03  0.08%   
The current 90-days correlation between Artisan Mid Cap and Highland Longshort Healthcare is -0.04 (i.e., Good diversification). The correlation of Artisan Mid 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 Mid Correlation With Market

Good diversification

The correlation between Artisan Mid Cap and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Mid Cap 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 Mid Cap. 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 population.

Moving together with Artisan Mutual Fund

  0.92APDWX Artisan Value IncomePairCorr
  0.94APDYX Artisan Developing WorldPairCorr
  0.98APDTX Artisan ThematicPairCorr
  0.96APDSX Artisan Small CapPairCorr
  0.96APDUX Artisan Floating RatePairCorr
  0.92APDPX Artisan Global UnconPairCorr
  0.82APDOX Artisan Emerging MarketsPairCorr
  0.98APDRX Artisan Global OpporPairCorr
  0.9APDQX Artisan Mid CapPairCorr
  0.96APDKX Artisan InternationalPairCorr
  0.73APDJX Artisan InternationalPairCorr
  0.73APDLX Artisan ValuePairCorr
  0.74APDGX Artisan Global ValuePairCorr
  0.98APDFX Artisan High IncomePairCorr
  0.97APDIX Artisan InternationalPairCorr
  0.76APDHX Artisan Global EquityPairCorr
  0.72APDDX Artisan Global DiscoveryPairCorr
  0.69APFWX Artisan Value IncomePairCorr
  0.74APFPX Artisan Global UnconPairCorr
  0.72APFOX Artisan Emerging MarketsPairCorr
  0.72APFDX Artisan Global DiscoveryPairCorr
  0.69APHWX Artisan Value IncomePairCorr
  0.71APHOX Artisan Emerging MarketsPairCorr
  0.73APHPX Artisan Global UnconPairCorr
  0.96ARDBX Artisan InternationalPairCorr
  0.74ARHBX Artisan InternationalPairCorr
  0.7ARTQX Artisan Mid CapPairCorr
  0.72ARTSX Artisan Small CapPairCorr
  0.72ARTRX Artisan Global OpporPairCorr
  1.0ARTMX Artisan Mid CapPairCorr
  0.97ARTLX Artisan ValuePairCorr
  0.97ARTIX Artisan InternationalPairCorr
  0.96ARTHX Artisan Global EquityPairCorr
  0.96ARTKX Artisan InternationalPairCorr
  0.98ARTJX Artisan InternationalPairCorr
  0.98ARTGX Artisan Global ValuePairCorr
  0.72ARTFX Artisan High IncomePairCorr
  0.65ARTYX Artisan Developing WorldPairCorr

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 Mid 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 Mid'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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