Artisan Thematic Correlations

Mutual Funds . USA . 
Fund . Artisan Thematic
ARTTX Fund  USD 24.89  0.31  1.23%   
The current 90-days correlation between Artisan Thematic and Artisan Global Opportunities is -0.09 (i.e., Good diversification). The correlation of Artisan Thematic 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 Thematic Correlation With Market

Significant diversification

The correlation between Artisan Thematic and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Thematic 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 Thematic. 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 estimate.

Moving together with Artisan Mutual Fund

  0.71APDTX Artisan ThematicPairCorr
  0.67APDPX Artisan Global UnconPairCorr
  0.66APDOX Artisan Emerging MarketsPairCorr
  0.98APDJX Artisan InternationalPairCorr
  0.61APDMX Artisan Mid CapPairCorr
  0.96APDLX Artisan ValuePairCorr
  0.97APDGX Artisan Global ValuePairCorr
  0.97APDHX Artisan Global EquityPairCorr
  0.98APDEX Artisan SustainablePairCorr
  0.95APDDX Artisan Global DiscoveryPairCorr
  0.92APFWX Artisan Value IncomePairCorr
  0.95APFPX Artisan Global UnconPairCorr
  0.97APFOX Artisan Emerging MarketsPairCorr
  0.97APFDX Artisan Global DiscoveryPairCorr
  0.93APHWX Artisan Value IncomePairCorr
  0.97APHOX Artisan Emerging MarketsPairCorr
  0.95APHPX Artisan Global UnconPairCorr
  0.97ARHBX Artisan InternationalPairCorr
  0.88ARTQX Artisan Mid CapPairCorr
  0.92ARTSX Artisan Small CapPairCorr
  0.97ARTRX Artisan Global OpporPairCorr
  0.61ARTMX Artisan Mid CapPairCorr
  0.67ARTLX Artisan ValuePairCorr
  0.62ARTHX Artisan Global EquityPairCorr
  0.61ARTKX Artisan InternationalPairCorr
  0.69ARTJX Artisan InternationalPairCorr
  0.66ARTGX Artisan Global ValuePairCorr
  0.98ARTFX Artisan High IncomePairCorr
  0.92ARTYX Artisan Developing WorldPairCorr
  0.66ARTZX Artisan Emerging MarketsPairCorr

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 Thematic 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 Thematic'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ARTRX  0.59  0.22  0.07 (3.01) 0.27 
(0.72)
 1.71 
(1.05)
 3.60 
ARTYX  0.71  0.22  0.05 (6.01) 0.54 
(0.76)
 2.05 
(1.45)
 4.41 
APDWX  0.49  0.14 (0.07)(0.99) 0.41 
(0.54)
 1.11 
(1.03)
 3.48 
APDYX  0.60  0.10  0.00  0.40  0.45 
(0.65)
 1.65 
(1.09)
 4.40 
APDTX  0.58  0.25  0.10  3.83  0.38 
(0.67)
 1.45 
(1.11)
 5.55 
APDSX  0.81  0.00 (0.04) 0.16  0.88 
(0.91)
 1.48 
(1.26)
 6.90 
APDUX  0.09  0.05  0.00  1.28  0.00 
 0.00 
 0.32 
(0.11)
 0.75 
APDPX  0.10  0.02 (0.94) 0.70  0.00 
(0.15)
 0.29 
(0.10)
 0.58 
APDOX  0.13  0.06 (0.59) 1.09  0.00 
(0.19)
 0.38 
(0.19)
 0.88 
APDRX  0.50  0.10  0.01  0.39  0.16 
(0.62)
 1.50 
(0.86)
 3.26 

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