Artisan Small Correlations

Mutual Funds . USA . 
Fund . Artisan Small Cap
APDSX Fund  USD 38.00  0.49  1.31%   
The current 90-days correlation between Artisan Small Cap and Dws Global Macro is -0.04 (i.e., Good diversification). The correlation of Artisan Small 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 Small Correlation With Market

Poor diversification

The correlation between Artisan Small Cap and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Small 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 Small 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 main economic indicators.

Moving together with Artisan Mutual Fund

  0.65APDWX Artisan Value IncomePairCorr
  0.65APDYX Artisan Developing WorldPairCorr
  0.75APDUX Artisan Floating RatePairCorr
  0.82APDPX Artisan Global UnconPairCorr
  0.83APDOX Artisan Emerging MarketsPairCorr
  0.9APDRX Artisan Global OpporPairCorr
  0.86APDKX Artisan InternationalPairCorr
  0.81APDJX Artisan InternationalPairCorr
  0.96APDMX Artisan Mid CapPairCorr
  0.85APDLX Artisan ValuePairCorr
  0.93APDGX Artisan Global ValuePairCorr
  0.87APDFX Artisan High IncomePairCorr
  0.63APDIX Artisan InternationalPairCorr
  0.79APDHX Artisan Global EquityPairCorr
  0.87APDEX Artisan SustainablePairCorr
  0.89APDDX Artisan Global DiscoveryPairCorr
  0.65APFWX Artisan Value IncomePairCorr
  0.82APFPX Artisan Global UnconPairCorr
  0.84APFOX Artisan Emerging MarketsPairCorr
  0.98APFDX Artisan Global DiscoveryPairCorr
  0.64APHWX Artisan Value IncomePairCorr
  0.84APHOX Artisan Emerging MarketsPairCorr
  0.82APHPX Artisan Global UnconPairCorr
  1.0ARTSX Artisan Small CapPairCorr
  0.9ARTRX Artisan Global OpporPairCorr
  0.88ARTMX Artisan Mid CapPairCorr
  0.85ARTLX Artisan ValuePairCorr
  0.63ARTIX Artisan InternationalPairCorr
  0.79ARTHX Artisan Global EquityPairCorr
  0.86ARTKX Artisan InternationalPairCorr
  0.92ARTJX Artisan InternationalPairCorr
  0.93ARTGX Artisan Global ValuePairCorr
  0.86ARTFX Artisan High IncomePairCorr
  0.64ARTYX Artisan Developing WorldPairCorr

Moving against Artisan Mutual Fund

  0.39ARDBX Artisan InternationalPairCorr
  0.37ARHBX Artisan InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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