Artisan International Correlations

ARHBX Fund

USD 13.56 0.09 0.66%

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

Very weak diversification

The correlation between Artisan International Explorer 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 International Explorer 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 Explorer. 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 labor statistics.

Moving together with Artisan Mutual Fund

0.74	APDQX	Artisan Mid Cap	Pair Corr
1.0	ARDBX	Artisan International	Pair Corr
0.68	ARTQX	Artisan Mid Cap	Pair Corr

Moving against Artisan Mutual Fund

0.82	APHOX	Artisan Emerging Markets	Pair Corr
0.81	APDOX	Artisan Emerging Markets	Pair Corr
0.8	APFOX	Artisan Emerging Markets	Pair Corr
0.76	APDPX	Artisan Global Uncon	Pair Corr
0.76	APFPX	Artisan Global Uncon	Pair Corr
0.76	APHPX	Artisan Global Uncon	Pair Corr
0.71	APDUX	Artisan Floating Rate	Pair Corr
0.6	APDGX	Artisan Global Value	Pair Corr
0.58	APDFX	Artisan High Income	Pair Corr
0.57	APDEX	Artisan Sustainable	Pair Corr
0.56	APDMX	Artisan Mid Cap	Pair Corr
0.55	APFDX	Artisan Global Discovery	Pair Corr
0.53	APDRX	Artisan Global Oppor	Pair Corr
0.51	APDSX	Artisan Small Cap	Pair Corr
0.51	APDHX	Artisan Global Equity	Pair Corr
0.49	APDTX	Artisan Thematic	Pair Corr
0.45	APDKX	Artisan International	Pair Corr
0.45	APDDX	Artisan Global Discovery	Pair Corr
0.64	ARTZX	Artisan Emerging Markets	Pair Corr
0.6	ARTGX	Artisan Global Value	Pair Corr
0.58	ARTFX	Artisan High Income	Pair Corr
0.56	ARTMX	Artisan Mid Cap	Pair Corr
0.53	ARTRX	Artisan Global Oppor	Pair Corr
0.53	ARTUX	Artisan Floating Rate	Pair Corr
0.51	ARTSX	Artisan Small Cap	Pair Corr
0.48	ARTTX	Artisan Thematic	Pair Corr
0.44	ARTKX	Artisan International	Pair Corr
0.43	ARTHX	Artisan Global Equity	Pair Corr
0.42	GICUX	Goldman Sachs Intern	Pair Corr
0.42	MISAX	Victory Trivalent	Pair Corr

Related Correlations Analysis

	AEYXX	STSEX	FZDXX	IVMXX	QCMMIX
AEYXX		0.0	0.0	0.0	0.0	AEYXX
STSEX	0.0		0.0	0.0	0.83	STSEX
FZDXX	0.0	0.0		0.0	0.0	FZDXX
IVMXX	0.0	0.0	0.0		0.0	IVMXX
QCMMIX	0.0	0.83	0.0	0.0		QCMMIX
	AEYXX	STSEX	FZDXX	IVMXX	QCMMIX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

QCMMIX	+ 0.83	STSEX
STSEX	+ 0.0	AEYXX
FZDXX	+ 0.0	AEYXX
IVMXX	+ 0.0	AEYXX
QCMMIX	+ 0.0	AEYXX
FZDXX	+ 0.0	STSEX

High negative correlations

QCMMIX	- 0.0	IVMXX
QCMMIX	- 0.0	FZDXX
IVMXX	- 0.0	FZDXX
IVMXX	- 0.0	STSEX
FZDXX	- 0.0	STSEX
QCMMIX	- 0.0	AEYXX

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 Deviation	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.45	(0.05)	0.07	0.49	(0.49)	0.89	(0.93)	2.62
FZDXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.00	0.00	0.00	0.00	0.03	0.00	0.03

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