Artisan Mid Correlations

Mutual Funds . USA . 
Fund . Artisan Mid Cap
APDQX Fund  USD 15.74  0.05  0.32%   
The current 90-days correlation between Artisan Mid Cap and Victory Diversified Stock is 0.94 (i.e., Almost no 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

Almost no diversification

The correlation between Artisan Mid Cap and DJI is 0.95 (i.e., Almost no 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 producer price index.

Moving together with Artisan Mutual Fund

  0.98APDWX Artisan Value IncomePairCorr
  0.81APDYX Artisan Developing WorldPairCorr
  0.83APDTX Artisan ThematicPairCorr
  0.92APDSX Artisan Small CapPairCorr
  0.86APDUX Artisan Floating RatePairCorr
  0.79APDPX Artisan Global UnconPairCorr
  0.84APDOX Artisan Emerging MarketsPairCorr
  0.87APDRX Artisan Global OpporPairCorr
  0.85APDKX Artisan InternationalPairCorr
  0.8APDJX Artisan InternationalPairCorr
  0.87APDMX Artisan Mid CapPairCorr
  0.95APDLX Artisan ValuePairCorr
  0.87APDGX Artisan Global ValuePairCorr
  0.85APDFX Artisan High IncomePairCorr
  0.78APDIX Artisan InternationalPairCorr
  0.79APDHX Artisan Global EquityPairCorr
  0.85APDEX Artisan SustainablePairCorr
  0.86APDDX Artisan Global DiscoveryPairCorr
  0.98APFWX Artisan Value IncomePairCorr
  0.78APFPX Artisan Global UnconPairCorr
  0.85APFOX Artisan Emerging MarketsPairCorr
  0.86APFDX Artisan Global DiscoveryPairCorr
  0.98APHWX Artisan Value IncomePairCorr
  0.84APHOX Artisan Emerging MarketsPairCorr
  0.79APHPX Artisan Global UnconPairCorr
  0.83ARDBX Artisan InternationalPairCorr
  0.83ARHBX Artisan InternationalPairCorr
  1.0ARTQX Artisan Mid CapPairCorr
  0.92ARTSX Artisan Small CapPairCorr
  0.87ARTRX Artisan Global OpporPairCorr
  0.87ARTMX Artisan Mid CapPairCorr
  0.95ARTLX Artisan ValuePairCorr
  0.78ARTIX Artisan InternationalPairCorr
  0.79ARTHX Artisan Global EquityPairCorr
  0.85ARTKX Artisan InternationalPairCorr
  0.8ARTJX Artisan InternationalPairCorr
  0.88ARTGX Artisan Global ValuePairCorr
  0.85ARTFX Artisan High IncomePairCorr
  0.82ARTYX Artisan Developing WorldPairCorr

Related Correlations Analysis

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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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