Artisan Select Correlations

Mutual Funds . USA . 
Fund . Artisan Select Equity
ARTNX Fund  USD 17.29  0.05  0.29%   
The current 90-days correlation between Artisan Select Equity and Pace International Emerging is 0.52 (i.e., Very weak diversification). The correlation of Artisan Select 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 Select Correlation With Market

Almost no diversification

The correlation between Artisan Select Equity and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Select 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 Select 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 board of governors.

Moving together with Artisan Mutual Fund

  1.0APDNX Artisan Select EquityPairCorr
  0.95APHYX Artisan Developing WorldPairCorr
  0.98APHTX Artisan FocusPairCorr
  0.96APHSX Artisan Small CapPairCorr
  1.0APHNX Artisan Select EquityPairCorr
  0.98APHRX Artisan Global OpporPairCorr
  0.95APHQX Artisan Mid CapPairCorr
  0.96APHKX Artisan InternationalPairCorr
  0.96APHJX Artisan InternationalPairCorr
  0.98APHMX Artisan Mid CapPairCorr
  0.98APHLX Artisan ValuePairCorr
  0.99APHGX Artisan Global ValuePairCorr
  0.97APHFX Artisan High IncomePairCorr
  0.95APHIX Artisan InternationalPairCorr
  0.94APHHX Artisan Global EquityPairCorr
  0.97APHEX Artisan Emerging MarketsPairCorr
  0.97APHDX Artisan Global DiscoveryPairCorr
  0.98VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.98VIVAX Vanguard Value IndexPairCorr
  0.95NILTX Neuberger Berman IntPairCorr
  0.99SDYAX Simt Dynamic AssetPairCorr
  0.98TICSX Touchstone Small PanyPairCorr
  0.99MFLDX Marketfield Fund MarPairCorr
  0.89RULFX Rbc Ultra ShortPairCorr
  0.7MPIBX Bny Mellon IntermediatePairCorr

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 Select 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 Select'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY