Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Equity
APHHX Fund  USD 26.14  0.14  0.54%   
The current 90-days correlation between Artisan Global Equity and Artisan Select Equity is 0.6 (i.e., 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

Very weak diversification

The correlation between Artisan Global Equity 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 Global Equity 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 Equity. 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 rate.

Moving together with Artisan Mutual Fund

  0.94APDNX Artisan Select EquityPairCorr
  0.87APHYX Artisan Developing WorldPairCorr
  0.98APHTX Artisan FocusPairCorr
  0.91APHSX Artisan Small CapPairCorr
  0.94APHNX Artisan Select EquityPairCorr
  0.96APHRX Artisan Global OpporPairCorr
  0.89APHQX Artisan Mid CapPairCorr
  0.94APHKX Artisan InternationalPairCorr
  0.97APHJX Artisan InternationalPairCorr
  0.96APHMX Artisan Mid CapPairCorr
  0.95APHLX Artisan ValuePairCorr
  0.95APHGX Artisan Global ValuePairCorr
  0.97APHFX Artisan High IncomePairCorr
  0.99APHIX Artisan InternationalPairCorr
  0.98APHEX Artisan Emerging MarketsPairCorr
  0.93APHDX Artisan Global DiscoveryPairCorr
  0.94ARTNX Artisan Select EquityPairCorr
  0.97FNFPX American Funds NewPairCorr
  0.97FFPNX American Funds NewPairCorr
  0.96NPFCX New PerspectivePairCorr
  0.97ANWPX New PerspectivePairCorr
  0.97NPFFX New PerspectivePairCorr
  0.97CNPAX New PerspectivePairCorr
  0.97CNPEX New PerspectivePairCorr
  0.97CNPFX New PerspectivePairCorr
  0.96CNPCX New PerspectivePairCorr
  0.96RNPAX New PerspectivePairCorr
  0.7NHS Neuberger Berman HighPairCorr
  0.99RBSRX Rbc Bluebay StrategicPairCorr
  0.69CDBCX Diversified BondPairCorr
  0.94TDFAX Transamerica DividendPairCorr
  0.88MAAQX Morgan Stanley InstiPairCorr
  0.9GSBGX Gmo Small CapPairCorr
  0.92CODRX Columbia Amt FreePairCorr
  0.92CAMWX Cambiar OpportunityPairCorr
  0.96VTMFX Vanguard Tax ManagedPairCorr
  0.95QRDTX Quantified RisingPairCorr
  0.9HFCGX Hennessy Nerstone GrowthPairCorr

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.
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 
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 

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