Artisan Floating Correlations

APDUX Fund

USD 9.48 0.01 0.11%

The current 90-days correlation between Artisan Floating Rate and Fidelity Series Emerging is 0.15 (i.e., Average diversification). The correlation of Artisan Floating 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 Floating Correlation With Market

Good diversification

The correlation between Artisan Floating Rate and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Floating Rate 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 Floating Rate. 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 housing.

Moving together with Artisan Mutual Fund

0.62	APDTX	Artisan Thematic	Pair Corr
0.89	APDPX	Artisan Global Uncon	Pair Corr
0.84	APDOX	Artisan Emerging Markets	Pair Corr
0.62	APDRX	Artisan Global Oppor	Pair Corr
0.67	APDMX	Artisan Mid Cap	Pair Corr
0.75	APDGX	Artisan Global Value	Pair Corr
0.85	APDFX	Artisan High Income	Pair Corr
0.63	APDIX	Artisan International	Pair Corr
0.79	APDHX	Artisan Global Equity	Pair Corr
0.83	APDEX	Artisan Sustainable	Pair Corr
0.88	APFPX	Artisan Global Uncon	Pair Corr
0.84	APHOX	Artisan Emerging Markets	Pair Corr
0.88	APHPX	Artisan Global Uncon	Pair Corr
0.62	ARTRX	Artisan Global Oppor	Pair Corr
0.67	ARTMX	Artisan Mid Cap	Pair Corr
0.62	ARTIX	Artisan International	Pair Corr
0.79	ARTHX	Artisan Global Equity	Pair Corr
0.74	ARTGX	Artisan Global Value	Pair Corr
0.85	ARTFX	Artisan High Income	Pair Corr
0.83	ARTZX	Artisan Emerging Markets	Pair Corr

Moving against Artisan Mutual Fund

0.7	APDQX	Artisan Mid Cap	Pair Corr
0.7	ARDBX	Artisan International	Pair Corr
0.7	ARHBX	Artisan International	Pair Corr
0.65	ARTQX	Artisan Mid Cap	Pair Corr

Related Correlations Analysis

	FHKFX	SEKRX	BELSX	DLENX	FEMDX	EMDQX
FHKFX		0.95	0.92	0.8	0.92	0.9	FHKFX
SEKRX	0.95		0.92	0.76	0.95	0.89	SEKRX
BELSX	0.92	0.92		0.74	0.92	0.92	BELSX
DLENX	0.8	0.76	0.74		0.74	0.83	DLENX
FEMDX	0.92	0.95	0.92	0.74		0.92	FEMDX
EMDQX	0.9	0.89	0.92	0.83	0.92		EMDQX
	FHKFX	SEKRX	BELSX	DLENX	FEMDX	EMDQX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FHKFX	0.74	0.09	0.08	0.14	0.91	(0.80)	1.44	(1.09)	5.69
SEKRX	0.77	0.13	0.08	8.92	0.93	(0.78)	1.58	(1.16)	5.68
BELSX	0.40	0.11	0.12	0.45	0.44	(0.44)	0.88	(0.84)	3.15
DLENX	0.09	0.00	(0.12)	0.10	0.00	(0.14)	0.22	(0.22)	0.66
FEMDX	0.15	0.05	0.07	(2.72)	0.00	(0.20)	0.39	(0.31)	0.86
EMDQX	0.23	0.03	0.02	0.22	0.10	(0.31)	0.61	(0.41)	1.24

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