Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Equity
ARTHX Fund  USD 25.29  0.22  0.88%   
The current 90-days correlation between Artisan Global Equity and Artisan Global Opportunities is -0.25 (i.e., Very good diversification). The correlation of Artisan Global 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 Global Correlation With Market

Poor diversification

The correlation between Artisan Global Equity and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Equity 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 Global Equity. 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 rate.

Moving together with Artisan Mutual Fund

  0.94APDWX Artisan Value IncomePairCorr
  0.9APDYX Artisan Developing WorldPairCorr
  0.98APDTX Artisan ThematicPairCorr
  0.91APDSX Artisan Small CapPairCorr
  0.98APDUX Artisan Floating RatePairCorr
  0.98APDPX Artisan Global UnconPairCorr
  0.98APDOX Artisan Emerging MarketsPairCorr
  0.96APDRX Artisan Global OpporPairCorr
  0.89APDQX Artisan Mid CapPairCorr
  0.93APDKX Artisan InternationalPairCorr
  0.97APDJX Artisan InternationalPairCorr
  0.97APDMX Artisan Mid CapPairCorr
  0.96APDLX Artisan ValuePairCorr
  0.95APDGX Artisan Global ValuePairCorr
  0.97APDFX Artisan High IncomePairCorr
  0.98APDIX Artisan InternationalPairCorr
  0.99APDHX Artisan Global EquityPairCorr
  0.98APDEX Artisan SustainablePairCorr
  0.96APDDX Artisan Global DiscoveryPairCorr
  0.94APFWX Artisan Value IncomePairCorr
  0.98APFPX Artisan Global UnconPairCorr
  0.98APFOX Artisan Emerging MarketsPairCorr
  0.95APFDX Artisan Global DiscoveryPairCorr
  0.93APHWX Artisan Value IncomePairCorr
  0.98APHOX Artisan Emerging MarketsPairCorr
  0.98APHPX Artisan Global UnconPairCorr
  0.99ARDBX Artisan InternationalPairCorr
  0.99ARHBX Artisan InternationalPairCorr
  0.9ARTQX Artisan Mid CapPairCorr
  0.91ARTSX Artisan Small CapPairCorr
  0.96ARTRX Artisan Global OpporPairCorr
  0.97ARTMX Artisan Mid CapPairCorr
  0.96ARTLX Artisan ValuePairCorr
  0.98ARTIX Artisan InternationalPairCorr
  0.93ARTKX Artisan InternationalPairCorr
  0.98ARTJX Artisan InternationalPairCorr
  0.95ARTGX Artisan Global ValuePairCorr
  0.97ARTFX Artisan High IncomePairCorr
  0.9ARTYX Artisan Developing WorldPairCorr

Moving against Artisan Mutual Fund

  0.93USPSX Profunds UltrashortPairCorr
  0.85TCTGX Transamerica CleartrackPairCorr
  0.84TDKTX Cleartrack 2015 ClassPairCorr

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 Global 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 Global'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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