Artisan Value Correlations

Mutual Funds . USA . 
Fund . Artisan Value Fund
APHLX Fund  USD 15.40  0.02  0.13%   
The current 90-days correlation between Artisan Value and Ep Emerging Markets is 0.51 (i.e., Very weak diversification). The correlation of Artisan Value 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 Value Correlation With Market

Very poor diversification

The correlation between Artisan Value Fund 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 Value Fund 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 Value Fund. 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 bureau of economic analysis.

Moving together with Artisan Mutual Fund

  0.98APDNX Artisan Select EquityPairCorr
  0.91APHYX Artisan Developing WorldPairCorr
  0.96APHTX Artisan FocusPairCorr
  0.97APHSX Artisan Small CapPairCorr
  0.98APHNX Artisan Select EquityPairCorr
  0.98APHRX Artisan Global OpporPairCorr
  0.97APHQX Artisan Mid CapPairCorr
  0.97APHKX Artisan InternationalPairCorr
  0.97APHJX Artisan InternationalPairCorr
  0.98APHMX Artisan Mid CapPairCorr
  0.98APHGX Artisan Global ValuePairCorr
  0.98APHFX Artisan High IncomePairCorr
  0.96APHIX Artisan InternationalPairCorr
  0.95APHHX Artisan Global EquityPairCorr
  0.98APHEX Artisan Emerging MarketsPairCorr
  0.96APHDX Artisan Global DiscoveryPairCorr
  0.98ARTNX Artisan Select EquityPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.99AFMFX American MutualPairCorr
  0.99FFMMX American Funds AmericanPairCorr
  0.99FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.94NILTX Neuberger Berman IntPairCorr
  0.98SDYAX Simt Dynamic AssetPairCorr
  0.96TICSX Touchstone Small PanyPairCorr
  0.98MFLDX Marketfield Fund MarPairCorr
  0.93RULFX Rbc Ultra ShortPairCorr
  0.78MPIBX Bny Mellon IntermediatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Value 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 Value'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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