Artisan Value Correlations

Mutual Funds . USA . 
Fund . Artisan Value Income
APFWX Fund  USD 10.78  0.02  0.19%   
The current 90-days correlation between Artisan Value Income and Artisan Value Income is 1.0 (i.e., No risk reduction). The correlation of Artisan Value 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 Value Correlation With Market

Very poor diversification

The correlation between Artisan Value Income and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Value Income 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 Value Income. 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

  1.0APDWX Artisan Value IncomePairCorr
  0.86APDYX Artisan Developing WorldPairCorr
  0.94APDTX Artisan ThematicPairCorr
  0.95APDSX Artisan Small CapPairCorr
  0.95APDUX Artisan Floating RatePairCorr
  0.91APDPX Artisan Global UnconPairCorr
  0.97APDOX Artisan Emerging MarketsPairCorr
  0.95APDRX Artisan Global OpporPairCorr
  0.95APDQX Artisan Mid CapPairCorr
  0.91APDKX Artisan InternationalPairCorr
  0.93APDJX Artisan InternationalPairCorr
  0.94APDMX Artisan Mid CapPairCorr
  0.98APDLX Artisan ValuePairCorr
  0.93APDGX Artisan Global ValuePairCorr
  0.96APDFX Artisan High IncomePairCorr
  0.92APDIX Artisan InternationalPairCorr
  0.94APDHX Artisan Global EquityPairCorr
  0.95APDEX Artisan SustainablePairCorr
  0.91APDDX Artisan Global DiscoveryPairCorr
  0.91APFPX Artisan Global UnconPairCorr
  0.97APFOX Artisan Emerging MarketsPairCorr
  0.91APFDX Artisan Global DiscoveryPairCorr
  1.0APHWX Artisan Value IncomePairCorr
  0.96APHOX Artisan Emerging MarketsPairCorr
  0.91APHPX Artisan Global UnconPairCorr
  0.95ARDBX Artisan InternationalPairCorr
  0.96ARHBX Artisan InternationalPairCorr
  0.98ARTQX Artisan Mid CapPairCorr
  0.92ARTSX Artisan Small CapPairCorr
  0.93ARTRX Artisan Global OpporPairCorr
  0.93ARTMX Artisan Mid CapPairCorr
  0.98ARTLX Artisan ValuePairCorr
  0.92ARTIX Artisan InternationalPairCorr
  0.94ARTHX Artisan Global EquityPairCorr
  0.93ARTKX Artisan InternationalPairCorr
  0.93ARTJX Artisan InternationalPairCorr
  0.93ARTGX Artisan Global ValuePairCorr
  0.95ARTFX Artisan High IncomePairCorr
  0.85ARTYX Artisan Developing 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 Value 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 Value'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APDWX  0.54  0.05  0.00  0.22  0.45 
(0.60)
 1.33 
(1.23)
 3.66 
APDYX  0.71  0.14  0.11  0.33  0.53 
(0.79)
 2.02 
(1.39)
 4.40 
APDTX  0.68  0.22  0.15  0.44  0.57 
(0.76)
 2.22 
(1.28)
 5.55 
APDSX  0.93  0.04  0.04  0.16  1.00 
(1.03)
 2.39 
(1.68)
 6.90 
APDUX  0.10  0.07  0.00  41.58  0.00 
 0.00 
 0.44 
(0.11)
 0.75 
APDPX  0.10  0.04 (0.64)(0.75) 0.00 
(0.15)
 0.29 
(0.10)
 0.58 
APDOX  0.13  0.08 (0.27) 1.28  0.00 
(0.20)
 0.39 
(0.19)
 0.88 
APDRX  0.59  0.14  0.15  0.34  0.22 
(0.72)
 1.71 
(1.06)
 3.60 
APDQX  0.77  0.14 (0.01)(0.60) 0.83 
(0.88)
 1.91 
(1.58)
 6.08 
APDKX  0.44  0.14  0.00 (1.72) 0.29 
(0.48)
 1.03 
(0.80)
 2.93 

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