Artisan Thematic Correlations

Mutual Funds . USA . 
Fund . Artisan Thematic Fund
APDTX Fund  USD 25.28  0.21  0.84%   
The current 90-days correlation between Artisan Thematic and Aqr Large Cap is 0.01 (i.e., Significant diversification). The correlation of Artisan Thematic 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 Thematic Correlation With Market

Almost no diversification

The correlation between Artisan Thematic Fund and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Thematic 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 Thematic 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 estimate.

Moving together with Artisan Mutual Fund

  0.85APDWX Artisan Value IncomePairCorr
  0.97APDYX Artisan Developing WorldPairCorr
  0.89APDSX Artisan Small CapPairCorr
  0.95APDUX Artisan Floating RatePairCorr
  0.9APDPX Artisan Global UnconPairCorr
  0.96APDOX Artisan Emerging MarketsPairCorr
  0.94APDRX Artisan Global OpporPairCorr
  0.72APDQX Artisan Mid CapPairCorr
  0.94APDKX Artisan InternationalPairCorr
  0.95APDJX Artisan InternationalPairCorr
  0.99APDMX Artisan Mid CapPairCorr
  0.93APDLX Artisan ValuePairCorr
  0.97APDGX Artisan Global ValuePairCorr
  0.98APDFX Artisan High IncomePairCorr
  0.97APDIX Artisan InternationalPairCorr
  0.98APDHX Artisan Global EquityPairCorr
  0.98APDEX Artisan SustainablePairCorr
  0.98APDDX Artisan Global DiscoveryPairCorr
  0.85APFWX Artisan Value IncomePairCorr
  0.9APFPX Artisan Global UnconPairCorr
  0.96APFOX Artisan Emerging MarketsPairCorr
  0.94APFDX Artisan Global DiscoveryPairCorr
  0.85APHWX Artisan Value IncomePairCorr
  0.96APHOX Artisan Emerging MarketsPairCorr
  0.9APHPX Artisan Global UnconPairCorr
  0.97ARDBX Artisan InternationalPairCorr
  0.97ARHBX Artisan InternationalPairCorr
  0.72ARTQX Artisan Mid CapPairCorr
  0.81ARTSX Artisan Small CapPairCorr
  0.97ARTRX Artisan Global OpporPairCorr
  0.95ARTMX Artisan Mid CapPairCorr
  0.93ARTLX Artisan ValuePairCorr
  0.95ARTIX Artisan InternationalPairCorr
  0.98ARTHX Artisan Global EquityPairCorr
  0.94ARTKX Artisan InternationalPairCorr
  0.98ARTJX Artisan InternationalPairCorr
  0.97ARTGX Artisan Global ValuePairCorr
  0.96ARTFX Artisan High IncomePairCorr
  0.94ARTYX 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 Thematic 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 Thematic'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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