Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Discovery
APFDX Fund  USD 22.23  0.04  0.18%   
The current 90-days correlation between Artisan Global Discovery and Artisan Global Opportunities is 0.89 (i.e., Very poor diversification). The correlation of Artisan Global 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 Global Correlation With Market

Poor diversification

The correlation between Artisan Global Discovery and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Discovery 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 Global Discovery. 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 unemployment.

Moving together with Artisan Mutual Fund

  0.62APDWX Artisan Value IncomePairCorr
  0.71APDYX Artisan Developing WorldPairCorr
  0.67APDTX Artisan ThematicPairCorr
  0.66APDSX Artisan Small CapPairCorr
  0.65APDUX Artisan Floating RatePairCorr
  0.63APDPX Artisan Global UnconPairCorr
  0.67APDRX Artisan Global OpporPairCorr
  0.63APDQX Artisan Mid CapPairCorr
  0.7APDKX Artisan InternationalPairCorr
  0.98APDJX Artisan InternationalPairCorr
  0.67APDIX Artisan InternationalPairCorr
  1.0APDDX Artisan Global DiscoveryPairCorr
  0.89APFPX Artisan Global UnconPairCorr
  0.9APHPX Artisan Global UnconPairCorr
  0.66ARDBX Artisan InternationalPairCorr
  0.89ARTQX Artisan Mid CapPairCorr
  0.96ARTSX Artisan Small CapPairCorr
  0.98ARTRX Artisan Global OpporPairCorr
  0.72ARTMX Artisan Mid CapPairCorr
  0.71ARTLX Artisan ValuePairCorr
  0.67ARTIX Artisan InternationalPairCorr
  0.62ARTHX Artisan Global EquityPairCorr
  0.7ARTKX Artisan InternationalPairCorr
  0.73ARTJX Artisan InternationalPairCorr
  0.74ARTGX Artisan Global ValuePairCorr
  0.96ARTFX Artisan High IncomePairCorr
  0.98ARTYX Artisan Developing WorldPairCorr
  0.67ARTZX Artisan Emerging MarketsPairCorr
  0.67ARTTX Artisan ThematicPairCorr
  0.69FSWFX American Funds SmallcapPairCorr
  0.68SCWCX American Fds SmallcapPairCorr
  0.97SCWFX Smallcap WorldPairCorr
  0.69SMCWX Smallcap WorldPairCorr
  0.69CSPFX Smallcap WorldPairCorr
  0.96CSPAX Smallcap WorldPairCorr
  0.69CSPEX Smallcap WorldPairCorr
  0.69RSLCX Smallcap WorldPairCorr
  0.69RLLGX Smallcap 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 Global 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 Global'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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