Artisan Mid Correlations

ARTMX Fund

USD 40.10 0.21 0.52%

The current 90-days correlation between Artisan Mid Cap and Franklin Adjustable Government is 0.08 (i.e., Significant diversification). The correlation of Artisan Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Artisan Mid Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Mid Cap 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 Mid Cap. 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 industry.

Moving together with Artisan Mutual Fund

0.75	APDTX	Artisan Thematic	Pair Corr
0.83	APDSX	Artisan Small Cap	Pair Corr
0.75	APDRX	Artisan Global Oppor	Pair Corr
0.67	APDKX	Artisan International	Pair Corr
0.85	APDJX	Artisan International	Pair Corr
1.0	APDMX	Artisan Mid Cap	Pair Corr
0.83	APDLX	Artisan Value	Pair Corr
0.68	APDGX	Artisan Global Value	Pair Corr
0.67	APDEX	Artisan Sustainable	Pair Corr
0.93	APDDX	Artisan Global Discovery	Pair Corr
0.93	APFDX	Artisan Global Discovery	Pair Corr
0.83	ARTSX	Artisan Small Cap	Pair Corr
0.75	ARTRX	Artisan Global Oppor	Pair Corr
0.83	ARTLX	Artisan Value	Pair Corr
0.67	ARTKX	Artisan International	Pair Corr
0.85	ARTJX	Artisan International	Pair Corr
0.68	ARTGX	Artisan Global Value	Pair Corr
0.61	ARTFX	Artisan High Income	Pair Corr

Related Correlations Analysis

	FCSCX	VBIPX	XAFBX	TTRBX	PCSIX	TIMTX	PBNAX
FCSCX		0.93	0.52	0.77	0.69	0.81	0.68	FCSCX
VBIPX	0.93		0.51	0.84	0.81	0.77	0.8	VBIPX
XAFBX	0.52	0.51		0.74	0.8	0.9	0.78	XAFBX
TTRBX	0.77	0.84	0.74		0.93	0.82	0.93	TTRBX
PCSIX	0.69	0.81	0.8	0.93		0.85	1.0	PCSIX
TIMTX	0.81	0.77	0.9	0.82	0.85		0.83	TIMTX
PBNAX	0.68	0.8	0.78	0.93	1.0	0.83		PBNAX
	FCSCX	VBIPX	XAFBX	TTRBX	PCSIX	TIMTX	PBNAX

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Mid 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 Mid'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
FCSCX	0.05	0.00	(0.44)	(2.62)	0.00	(0.23)	0.13	(0.13)	0.67
VBIPX	0.10	0.00	(0.56)	(0.76)	0.00	(0.14)	0.20	(0.10)	0.58
XAFBX	0.24	0.08	0.04	(10.84)	0.00	(0.35)	0.84	(0.33)	2.26
TTRBX	0.11	0.00	(0.46)	0.09	0.00	(0.14)	0.20	(0.20)	0.60
PCSIX	0.15	0.02	(0.25)	1.42	0.04	(0.19)	0.34	(0.25)	1.01
TIMTX	0.10	0.03	(0.27)	(17.28)	0.00	(0.16)	0.28	(0.09)	0.67
PBNAX	0.15	0.01	(0.26)	1.25	0.05	(0.19)	0.34	(0.25)	1.01

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Artisan Mid Correlations

Artisan Mid Correlation With Market

Poor diversification

Moving together with Artisan Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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