Artisan Floating Correlations

Mutual Funds . USA . 
Fund . Artisan Floating Rate
APDUX Fund  USD 9.50  0.01  0.11%   
The current 90-days correlation between Artisan Floating Rate and Invesco Energy Fund is 0.31 (i.e., Weak diversification). The correlation of Artisan Floating 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 Floating Correlation With Market

Very weak diversification

The correlation between Artisan Floating Rate and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Floating Rate 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 Floating Rate. 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 employment.

Moving together with Artisan Mutual Fund

  0.85APDWX Artisan Value IncomePairCorr
  0.95APDYX Artisan Developing WorldPairCorr
  0.97APDTX Artisan ThematicPairCorr
  0.8APDSX Artisan Small CapPairCorr
  0.93APDPX Artisan Global UnconPairCorr
  0.97APDOX Artisan Emerging MarketsPairCorr
  0.95APDRX Artisan Global OpporPairCorr
  0.64APDQX Artisan Mid CapPairCorr
  0.93APDKX Artisan InternationalPairCorr
  0.96APDJX Artisan InternationalPairCorr
  0.96APDMX Artisan Mid CapPairCorr
  0.93APDLX Artisan ValuePairCorr
  0.95APDGX Artisan Global ValuePairCorr
  0.98APDFX Artisan High IncomePairCorr
  0.95APDIX Artisan InternationalPairCorr
  0.95APDHX Artisan Global EquityPairCorr
  0.97APDEX Artisan SustainablePairCorr
  0.96APDDX Artisan Global DiscoveryPairCorr
  0.85APFWX Artisan Value IncomePairCorr
  0.93APFPX Artisan Global UnconPairCorr
  0.98APFOX Artisan Emerging MarketsPairCorr
  0.95APFDX Artisan Global DiscoveryPairCorr
  0.85APHWX Artisan Value IncomePairCorr
  0.97APHOX Artisan Emerging MarketsPairCorr
  0.93APHPX Artisan Global UnconPairCorr
  0.95ARDBX Artisan InternationalPairCorr
  0.95ARHBX Artisan InternationalPairCorr
  0.7ARTQX Artisan Mid CapPairCorr
  0.83ARTSX Artisan Small CapPairCorr
  0.95ARTRX Artisan Global OpporPairCorr
  0.96ARTMX Artisan Mid CapPairCorr
  0.93ARTLX Artisan ValuePairCorr
  0.95ARTIX Artisan InternationalPairCorr
  0.95ARTHX Artisan Global EquityPairCorr
  0.93ARTKX Artisan InternationalPairCorr
  0.95ARTJX Artisan InternationalPairCorr
  0.95ARTGX Artisan Global ValuePairCorr
  0.98ARTFX Artisan High IncomePairCorr
  0.95ARTYX Artisan Developing WorldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Floating 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 Floating'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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