Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Value
APHGX Fund  USD 25.88  0.01  0.04%   
The current 90-days correlation between Artisan Global Value and Artisan Global Value is -0.11 (i.e., Good 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

Very poor diversification

The correlation between Artisan Global Value and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Value 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 Value. 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 price.

Moving together with Artisan Mutual Fund

  0.99APDNX Artisan Select EquityPairCorr
  0.95APHYX Artisan Developing WorldPairCorr
  0.98APHTX Artisan FocusPairCorr
  0.95APHSX Artisan Small CapPairCorr
  0.99APHNX Artisan Select EquityPairCorr
  0.99APHRX Artisan Global OpporPairCorr
  0.93APHQX Artisan Mid CapPairCorr
  0.99APHKX Artisan InternationalPairCorr
  0.98APHJX Artisan InternationalPairCorr
  0.98APHMX Artisan Mid CapPairCorr
  0.98APHLX Artisan ValuePairCorr
  0.98APHFX Artisan High IncomePairCorr
  0.97APHIX Artisan InternationalPairCorr
  0.95APHHX Artisan Global EquityPairCorr
  0.98APHEX Artisan Emerging MarketsPairCorr
  0.98APHDX Artisan Global DiscoveryPairCorr
  0.99ARTNX Artisan Select EquityPairCorr
  0.99TEDRX Franklin Mutual GlobalPairCorr
  0.99FMDRX Franklin Mutual GlobalPairCorr
  0.99DOXWX Dodge Cox GlobalPairCorr
  0.99DODWX Dodge Global StockPairCorr
  0.91TRZRX T Rowe PricePairCorr
  0.99MDISX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.92PRAFX T Rowe PricePairCorr
  0.99BEGRX Franklin Mutual BeaconPairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.97RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.99INPIX Internet UltrasectorPairCorr
  0.98INPSX Internet UltrasectorPairCorr
  0.71BIPIX Biotechnology UltrasectorPairCorr
  0.95FKINX Franklin IncomePairCorr
  0.72SEVPX Guggenheim Mid CapPairCorr
  0.98VTARX Virtus Dfa 2040PairCorr
  0.99TIOTX Tiaa Cref InternationalPairCorr

Related Correlations Analysis

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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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