Artisan Floating Correlations

Mutual Funds . USA . 
Fund . Artisan Floating Rate
APHUX Fund  USD 9.55  0.01  0.10%   
The current 90-days correlation between Artisan Floating Rate and Ab Bond Inflation is 0.04 (i.e., Significant diversification). The correlation of Artisan Floating 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 Floating Correlation With Market

Weak diversification

The correlation between Artisan Floating Rate and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Floating Rate 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 Floating Rate. 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 employment.

Moving together with Artisan Mutual Fund

  0.99OOSYX Oppenheimer SeniorPairCorr
  1.0OOSIX Oppenheimer SeniorPairCorr
  1.0LFRIX Floating RatePairCorr
  1.0LARCX Floating RatePairCorr
  1.0LFRRX Lord Abbett InvPairCorr
  1.0LFRFX Floating RatePairCorr
  1.0LRRRX Floating RatePairCorr
  1.0LRRTX Floating RatePairCorr
  1.0LRRVX Floating RatePairCorr
  1.0LRRKX Floating RatePairCorr
  0.95PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.65NXJ Nuveen New JerseyPairCorr
  0.93PCF Putnam High IncomePairCorr
  0.8XTYGX Tortoise Energy InfrPairCorr
  0.97JSLCX Multimanager LifestylePairCorr
  0.98AQEIX Lkcm Aquinas CatholicPairCorr
  0.98FMAGX Fidelity MagellanPairCorr
  0.97FTMSX Fuller Thaler BehavioralPairCorr
  0.98PLAAX Pace Large GrowthPairCorr
  0.96BSGLX Long Term Steady GrowthPairCorr
  0.98DODWX Dodge Global StockPairCorr
  0.93PSTQX Prudential Short TermPairCorr
  0.97BPAVX Boston Partners AllPairCorr
  0.97VSQAX Invesco Global ResponsPairCorr
  0.97SFLNX Schwab Fundamental LargePairCorr
  0.78PITEX Tax Exempt BondPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.97TNXAX 1290 Doubleline DynamicPairCorr
  0.97KAUCX Federated KaufmannPairCorr
  0.96FIANX Fa Strategic IncomePairCorr
  0.93AVUAX Mid Cap ValuePairCorr
  0.98TRBPX T Rowe PricePairCorr
  0.99DNMDX Dunham Monthly DistrPairCorr
  0.95AIBBX Aristotle Funds SeriesPairCorr

Moving against Artisan Mutual Fund

  0.5XDSMX Dreyfus StrategicPairCorr
  0.59XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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