Artisan High Correlations

Mutual Funds . USA . 
Fund . Artisan High Income
APHFX Fund  USD 9.23  0.01  0.11%   
The current 90-days correlation between Artisan High Income and Artisan Select Equity is 0.52 (i.e., Very weak diversification). The correlation of Artisan High 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 High Correlation With Market

Very weak diversification

The correlation between Artisan High Income and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan High 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 High 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 census.

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
  0.93APHQX Artisan Mid CapPairCorr
  0.97APHKX Artisan InternationalPairCorr
  0.97APHJX Artisan InternationalPairCorr
  0.98APHMX Artisan Mid CapPairCorr
  0.98APHLX Artisan ValuePairCorr
  0.98APHGX Artisan Global ValuePairCorr
  0.98APHIX Artisan InternationalPairCorr
  0.97APHHX Artisan Global EquityPairCorr
  0.98APHEX Artisan Emerging MarketsPairCorr
  0.96APHDX Artisan Global DiscoveryPairCorr
  0.97ARTNX Artisan Select EquityPairCorr
  0.99VWEAX Vanguard High YieldPairCorr
  0.98VWEHX Vanguard High YieldPairCorr
  0.99BHYCX Blackrock Hi YldPairCorr
  1.0BHYIX Blackrock High YieldPairCorr
  0.99BHYSX Blackrock Hi YldPairCorr
  0.99BHYAX Blackrock High YieldPairCorr
  0.97FAHHX American Funds AmericanPairCorr
  0.97FTAHX American Funds AmericanPairCorr
  0.97AHTFX American High IncomePairCorr
  0.97AHTCX American High IncomePairCorr
  0.99FTYPX Fidelity Freedom IndexPairCorr
  0.99FFBTX Fidelity Freedom BlendPairCorr
  0.75GAAVX Gmo Alternative AlloPairCorr
  0.95GCAVX Gmo Small CapPairCorr
  0.98GQLOX Gmo Quality FundPairCorr
  0.63GHVIX Gmo High YieldPairCorr
  0.97GMCQX Gmo Equity AllocationPairCorr
  0.96EABSX Eaton Vance TabsPairCorr
  0.95STSNX Sterling Capital StrattonPairCorr
  0.98CTHRX Columbia Global TechPairCorr
  0.96SFPIX Financial ServicesPairCorr

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 High 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 High'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 
APHKX  0.43  0.07 (0.02) 0.31  0.33 
(0.46)
 1.01 
(0.80)
 2.93 
APHJX  0.56  0.15  0.12  0.42  0.37 
(0.63)
 1.36 
(0.97)
 3.19 
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 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY