Artisan Consumer Correlations

ARRT Stock

USD 0.20 0.00 0.00%

The correlation of Artisan Consumer 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 Consumer Correlation With Market

Very good diversification

The correlation between Artisan Consumer Goods and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Consumer Goods and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Artisan Consumer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artisan Consumer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Artisan Consumer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Artisan Consumer Goods to buy it.

Moving against Artisan Pink Sheet

0.88	BAC	Bank of America	Pair Corr
0.8	ATCOL	Atlas Corp	Pair Corr
0.68	PCTTW	PureCycle Technologies	Pair Corr
0.53	LTRY	Lottery, Common Stock	Pair Corr
0.49	BFDE	Bedford Energy	Pair Corr
0.41	GITS	Global Interactive Symbol Change	Pair Corr
0.34	ADVWW	Advantage Solutions	Pair Corr
0.93	DIS	Walt Disney	Pair Corr
0.9	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.87	MSFT	Microsoft	Pair Corr
0.84	MMM	3M Company	Pair Corr
0.82	IBM	International Business Earnings Call This Week	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.53	INTC	Intel Earnings Call This Week	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr
0.36	T	ATT Inc Earnings Call This Week	Pair Corr
0.34	WMT	Walmart Sell-off Trend	Pair Corr

Related Correlations Analysis

	ACOPY	AVSFY	AVOZ	ACOPF	BFNH	ASCC	ADWPF	ASRE	BLLB
ACOPY		0.29	0.0	0.44	0.02	0.05	-0.42	0.01	0.09	ACOPY
AVSFY	0.29		0.0	-0.12	0.28	-0.28	-0.23	0.2	0.51	AVSFY
AVOZ	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AVOZ
ACOPF	0.44	-0.12	0.0		0.04	-0.06	-0.38	-0.09	0.04	ACOPF
BFNH	0.02	0.28	0.0	0.04		0.25	-0.34	0.05	0.32	BFNH
ASCC	0.05	-0.28	0.0	-0.06	0.25		-0.13	-0.22	-0.14	ASCC
ADWPF	-0.42	-0.23	0.0	-0.38	-0.34	-0.13		0.1	-0.54	ADWPF
ASRE	0.01	0.2	0.0	-0.09	0.05	-0.22	0.1		-0.09	ASRE
BLLB	0.09	0.51	0.0	0.04	0.32	-0.14	-0.54	-0.09		BLLB
	ACOPY	AVSFY	AVOZ	ACOPF	BFNH	ASCC	ADWPF	ASRE	BLLB

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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

BLLB	+ 0.51	AVSFY
ACOPF	+ 0.44	ACOPY
BLLB	+ 0.32	BFNH
AVSFY	+ 0.29	ACOPY
BFNH	+ 0.28	AVSFY
ASCC	+ 0.25	BFNH

High negative correlations

BLLB	- 0.54	ADWPF
ADWPF	- 0.42	ACOPY
ADWPF	- 0.38	ACOPF
ADWPF	- 0.34	BFNH
ASCC	- 0.28	AVSFY
ADWPF	- 0.23	AVSFY

Risk-Adjusted Indicators

There is a big difference between Artisan Pink Sheet performing well and Artisan Consumer Company 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 Consumer'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	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACOPY	1.19	(0.12)	0.00	(4.60)	0.00	0.00	5.21	(4.82)	18.37
AVSFY	0.63	(0.10)	0.00	0.35	0.00	0.00	0.00	0.00	15.05
AVOZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ACOPF	1.06	0.03	(0.02)	(0.04)	2.64	(2.94)	3.00	(2.49)	22.05
BFNH	4.59	0.86	0.05	(1.41)	5.48	(12.45)	17.78	(10.00)	54.50
ASCC	20.51	7.25	0.18	(0.78)	15.79	(62.46)	87.97	(36.00)	224.80
ADWPF	0.95	0.39	0.13	(0.73)	0.40	(2.30)	1.87	(1.32)	14.05
ASRE	7.08	(0.25)	0.00	0.03	10.97	(9.81)	16.46	(14.90)	72.68
BLLB	9.84	1.31	0.04	(0.30)	10.82	(25.89)	22.22	(18.18)	100.00

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Our tools can tell you how much better you can do entering a position in Artisan Consumer without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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