Artisan International Correlations

Mutual Funds . USA . 
Fund . Artisan International Small
APHJX Fund  USD 19.71  0.03  0.15%   
The current 90-days correlation between Artisan International and Artisan Select Equity is 0.74 (i.e., Poor diversification). The correlation of Artisan International 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 International Correlation With Market

Poor diversification

The correlation between Artisan International Small and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International Small 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 International Small. 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 inflation.

Moving together with Artisan Mutual Fund

  0.96APDNX Artisan Select EquityPairCorr
  0.93APHYX Artisan Developing WorldPairCorr
  0.98APHTX Artisan FocusPairCorr
  0.93APHSX Artisan Small CapPairCorr
  0.96APHNX Artisan Select EquityPairCorr
  0.98APHRX Artisan Global OpporPairCorr
  0.89APHQX Artisan Mid CapPairCorr
  0.99APHKX Artisan InternationalPairCorr
  0.98APHMX Artisan Mid CapPairCorr
  0.97APHLX Artisan ValuePairCorr
  0.98APHGX Artisan Global ValuePairCorr
  0.97APHFX Artisan High IncomePairCorr
  0.98APHIX Artisan InternationalPairCorr
  0.97APHHX Artisan Global EquityPairCorr
  0.97APHEX Artisan Emerging MarketsPairCorr
  0.98APHDX Artisan Global DiscoveryPairCorr
  0.96ARTNX Artisan Select EquityPairCorr
  0.99OSMYX Oppenheimer Intl SmallPairCorr
  0.99OSCIX Oppenheimer Intl SmallPairCorr
  0.99OSMNX Oppenheimer Intl SmallPairCorr
  0.99TIDDX T Rowe PricePairCorr
  0.99MIDGX Mfs International NewPairCorr
  0.99MIDHX Mfs International NewPairCorr
  0.99MIDRX Mfs International NewPairCorr
  0.93CPAYX Columbia Pacific/asiaPairCorr
  0.96CASAX Columbia Pacific/asiaPairCorr
  0.96CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.98CISGX Touchstone Sands CapitalPairCorr
  0.98MPEGX Mid Cap GrowthPairCorr
  0.97CDAZX Multi Manager DirectPairCorr
  0.97TBLPX T Rowe PricePairCorr
  0.95TOCQX The TocquevillePairCorr
  0.91BARAX Baron Asset FundPairCorr
  0.99HIAOX Hartford InternationalPairCorr
  0.93VMVIX Vanguard Mid CapPairCorr
  0.94FIQFX Fidelity China Region Steady GrowthPairCorr
  0.95TPINX Templeton Global BondPairCorr

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 International 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 International'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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