Artisan Emerging Correlations

Mutual Funds . USA . 
Fund . Artisan Emerging Markets
APHEX Fund  USD 21.46  0.11  0.52%   
The current 90-days correlation between Artisan Emerging Markets and Artisan Select Equity is 0.71 (i.e., Poor diversification). The correlation of Artisan Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Artisan Emerging Markets and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Emerging Markets 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 Emerging Markets. 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 income.

Moving together with Artisan Mutual Fund

  0.97APDNX Artisan Select EquityPairCorr
  0.93APHYX Artisan Developing WorldPairCorr
  0.98APHTX Artisan FocusPairCorr
  0.95APHSX Artisan Small CapPairCorr
  0.97APHNX Artisan Select EquityPairCorr
  0.98APHRX Artisan Global OpporPairCorr
  0.92APHQX Artisan Mid CapPairCorr
  0.97APHKX Artisan InternationalPairCorr
  0.97APHJX Artisan InternationalPairCorr
  0.99APHMX Artisan Mid CapPairCorr
  0.98APHLX Artisan ValuePairCorr
  0.98APHGX Artisan Global ValuePairCorr
  0.98APHFX Artisan High IncomePairCorr
  0.98APHIX Artisan InternationalPairCorr
  0.98APHHX Artisan Global EquityPairCorr
  0.97APHDX Artisan Global DiscoveryPairCorr
  0.97ARTNX Artisan Select EquityPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  1.0FWWNX American Funds NewPairCorr
  1.0FNFWX American Funds NewPairCorr
  1.0NEWFX New World FundPairCorr
  1.0NWFFX New World FundPairCorr
  1.0NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.99PAEEX Putnam Dynamic AssetPairCorr
  0.97AZNAX Allianzgi Income GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Emerging 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 Emerging'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
APDNX  0.57  0.04  0.02  0.18  0.50 
(0.67)
 1.75 
(1.36)
 3.73 
APHYX  0.72  0.14  0.11  0.33  0.53 
(0.79)
 2.05 
(1.42)
 4.40 
APHTX  0.67  0.23  0.15  0.46  0.61 
(0.73)
 1.68 
(1.28)
 5.22 
APHSX  0.93  0.04  0.04  0.16  0.99 
(1.01)
 2.36 
(1.69)
 6.88 
APHNX  0.57  0.04  0.02  0.18  0.51 
(0.65)
 1.76 
(1.31)
 3.75 
APHRX  0.59  0.14  0.16  0.34  0.22 
(0.72)
 1.71 
(1.07)
 3.63 
APHQX  0.77 (0.02)(0.03) 0.11  0.83 
(0.88)
 1.90 
(1.57)
 6.15 
APHKX  0.43  0.07 (0.02) 0.31  0.33 
(0.46)
 1.01 
(0.80)
 2.93 
APHMX  0.75  0.14  0.12  0.29  0.71 
(0.82)
 2.30 
(1.32)
 4.91 
APHLX  0.55  0.07  0.05  0.23  0.46 
(0.62)
 1.65 
(1.24)
 3.65 

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