Artisan Global Correlations

APFPX Fund  USD 10.41  0.01  0.1%   
The current 90-days correlation between Artisan Global Uncon and Shelton Funds is 0.58 (i.e., Very weak diversification). The correlation of Artisan Global 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 Global Correlation With Market

Good diversification

The correlation between Artisan Global Unconstrained and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Unconstrained 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 Global Unconstrained. 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 american community survey.

Moving together with Artisan Mutual Fund

  0.89APDWX Artisan Value IncomePairCorr
  0.87APDYX Artisan Developing WorldPairCorr
  0.93APDTX Artisan ThematicPairCorr
  0.84APDSX Artisan Small CapPairCorr
  0.95APDUX Artisan Floating RatePairCorr
  1.0APDPX Artisan Global UnconPairCorr
  0.97APDOX Artisan Emerging MarketsPairCorr
  0.9APDRX Artisan Global OpporPairCorr
  0.82APDQX Artisan Mid CapPairCorr
  0.88APDKX Artisan InternationalPairCorr
  0.94APDJX Artisan InternationalPairCorr
  0.95APDMX Artisan Mid CapPairCorr
  0.94APDLX Artisan ValuePairCorr
  0.89APDGX Artisan Global ValuePairCorr
  0.94APDFX Artisan High IncomePairCorr
  0.95APDIX Artisan InternationalPairCorr
  0.96APDHX Artisan Global EquityPairCorr
  0.94APDEX Artisan SustainablePairCorr
  0.9APDDX Artisan Global DiscoveryPairCorr
  0.89APFWX Artisan Value IncomePairCorr
  0.97APFOX Artisan Emerging MarketsPairCorr
  0.93APFDX Artisan Global DiscoveryPairCorr
  0.89APHWX Artisan Value IncomePairCorr
  0.97APHOX Artisan Emerging MarketsPairCorr
  1.0APHPX Artisan Global UnconPairCorr
  0.95ARDBX Artisan InternationalPairCorr
  0.95ARHBX Artisan InternationalPairCorr
  0.82ARTQX Artisan Mid CapPairCorr
  0.88ARTSX Artisan Small CapPairCorr
  0.92ARTRX Artisan Global OpporPairCorr
  0.92ARTMX Artisan Mid CapPairCorr
  0.92ARTLX Artisan ValuePairCorr
  0.93ARTIX Artisan InternationalPairCorr
  0.96ARTHX Artisan Global EquityPairCorr
  0.88ARTKX Artisan InternationalPairCorr
  0.92ARTJX Artisan InternationalPairCorr
  0.92ARTGX Artisan Global ValuePairCorr
  0.94ARTFX Artisan High IncomePairCorr
  0.87ARTYX 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 Global 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 Global'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.