Artisan Emerging Correlations

Mutual Funds USA . 
Fund . Artisan Emerging Markets
ARTZX Fund  USD 20.94  0.16  0.77%   
The current 90-days correlation between Artisan Emerging Markets and Artisan Value Income is 0.81 (i.e., Very poor diversification). The correlation of Artisan Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Artisan Emerging Markets and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Emerging Markets 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 Emerging Markets. 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 nation.

Moving together with Artisan Mutual Fund

  0.93APDWX Artisan Value IncomePairCorr
  0.96APDYX Artisan Developing WorldPairCorr
  0.98APDTX Artisan ThematicPairCorr
  0.93APDSX Artisan Small CapPairCorr
  0.96APDUX Artisan Floating RatePairCorr
  0.94APDPX Artisan Global UnconPairCorr
  0.99APDOX Artisan Emerging MarketsPairCorr
  0.98APDRX Artisan Global OpporPairCorr
  0.85APDQX Artisan Mid CapPairCorr
  0.96APDKX Artisan InternationalPairCorr
  0.98APDJX Artisan InternationalPairCorr
  0.98APDMX Artisan Mid CapPairCorr
  0.95APDLX Artisan ValuePairCorr
  0.98APDGX Artisan Global ValuePairCorr
  0.98APDFX Artisan High IncomePairCorr
  0.98APDIX Artisan InternationalPairCorr
  0.98APDHX Artisan Global EquityPairCorr
  1.0APDEX Artisan SustainablePairCorr
  0.98APDDX Artisan Global DiscoveryPairCorr
  0.93APFWX Artisan Value IncomePairCorr
  0.94APFPX Artisan Global UnconPairCorr
  0.99APFOX Artisan Emerging MarketsPairCorr
  0.97APFDX Artisan Global DiscoveryPairCorr
  0.93APHWX Artisan Value IncomePairCorr
  0.99APHOX Artisan Emerging MarketsPairCorr
  0.94APHPX Artisan Global UnconPairCorr
  0.99ARDBX Artisan InternationalPairCorr
  0.99ARHBX Artisan InternationalPairCorr
  0.85ARTQX Artisan Mid CapPairCorr
  0.93ARTSX Artisan Small CapPairCorr
  0.98ARTRX Artisan Global OpporPairCorr
  0.98ARTMX Artisan Mid CapPairCorr
  0.97ARTLX Artisan ValuePairCorr
  0.98ARTIX Artisan InternationalPairCorr
  0.98ARTHX Artisan Global EquityPairCorr
  0.96ARTKX Artisan InternationalPairCorr
  0.98ARTJX Artisan InternationalPairCorr
  0.98ARTGX Artisan Global ValuePairCorr
  0.98ARTFX Artisan High IncomePairCorr
  0.96ARTYX Artisan Developing WorldPairCorr

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 Emerging 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 Emerging'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
APDWX  0.83 (0.01)(0.02) 0.08  1.44 
(0.82)
 1.46 
(1.72)
 8.85 
APDYX  1.07  0.18  0.04 (2.67) 1.52 
(1.07)
 2.41 
(1.63)
 12.05 
APDTX  1.02  0.16  0.06  0.26  1.65 
(0.99)
 2.23 
(2.59)
 11.38 
APDSX  1.32  0.13  0.01 (0.64) 2.05 
(1.33)
 2.97 
(3.13)
 15.37 
APDUX  0.15  0.03 (0.15) 0.80  0.11 
(0.21)
 0.54 
(0.22)
 1.40 
APDPX  0.14  0.02 (0.25)(1.41) 0.14 
(0.17)
 0.29 
(0.29)
 1.08 
APDOX  0.19  0.06 (0.08) 1.08  0.27 
(0.22)
 0.50 
(0.20)
 1.61 
APDRX  0.90  0.08  0.04  0.19  1.49 
(0.92)
 2.16 
(1.78)
 8.91 
APDQX  1.10 (0.06)(0.03) 0.04  1.61 
(1.18)
 2.15 
(2.76)
 11.66 
APDKX  0.62  0.04 (0.01) 0.18  1.02 
(0.64)
 1.36 
(1.33)
 5.69 

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