Artisan High Correlations

Mutual Funds . USA . 
Fund . Artisan High Income
ARTFX Fund  USD 9.27  0.01  0.11%   
The current 90-days correlation between Artisan High Income and Artisan Value Income is 0.26 (i.e., Modest diversification). The correlation of Artisan High 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 High Correlation With Market

Very weak diversification

The correlation between Artisan High Income and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan High Income 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 High Income. 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 price.

Moving together with Artisan Mutual Fund

  0.75APDWX Artisan Value IncomePairCorr
  0.81APDTX Artisan ThematicPairCorr
  0.88APDSX Artisan Small CapPairCorr
  0.97APDUX Artisan Floating RatePairCorr
  0.89APDPX Artisan Global UnconPairCorr
  0.95APDOX Artisan Emerging MarketsPairCorr
  0.91APDRX Artisan Global OpporPairCorr
  0.66APDQX Artisan Mid CapPairCorr
  0.84APDKX Artisan InternationalPairCorr
  0.7APDJX Artisan InternationalPairCorr
  0.91APDMX Artisan Mid CapPairCorr
  0.89APDGX Artisan Global ValuePairCorr
  0.98APDFX Artisan High IncomePairCorr
  0.89APDIX Artisan InternationalPairCorr
  0.94APDHX Artisan Global EquityPairCorr
  0.93APDEX Artisan SustainablePairCorr
  0.65APDDX Artisan Global DiscoveryPairCorr
  0.75APFWX Artisan Value IncomePairCorr
  0.96APFOX Artisan Emerging MarketsPairCorr
  0.65APFDX Artisan Global DiscoveryPairCorr
  0.75APHWX Artisan Value IncomePairCorr
  0.95APHOX Artisan Emerging MarketsPairCorr
  0.89APHPX Artisan Global UnconPairCorr
  0.66ARTQX Artisan Mid CapPairCorr
  0.88ARTSX Artisan Small CapPairCorr
  0.91ARTRX Artisan Global OpporPairCorr
  0.91ARTMX Artisan Mid CapPairCorr
  0.88ARTIX Artisan InternationalPairCorr
  0.94ARTHX Artisan Global EquityPairCorr
  0.84ARTKX Artisan InternationalPairCorr
  0.7ARTJX Artisan InternationalPairCorr
  0.89ARTGX Artisan Global ValuePairCorr
  0.93ARTZX Artisan Emerging MarketsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan High 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 High'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  0.51 (0.01)(0.04) 0.08  0.58 
(0.54)
 1.12 
(1.20)
 2.75 
APDYX  0.62 (0.04)(0.08) 0.04  0.75 
(0.64)
 1.55 
(1.39)
 3.60 
APDTX  0.65  0.00 (0.05) 0.08  0.89 
(0.65)
 1.21 
(1.37)
 4.16 
APDSX  0.74  0.10  0.11  0.20  0.58 
(0.87)
 1.52 
(1.24)
 3.80 
APDUX  0.07  0.01 (0.69) 0.89  0.00 
(0.18)
 0.11 
(0.11)
 0.74 
APDPX  0.10  0.05 (0.37)(0.48) 0.00 
(0.15)
 0.29 
(0.10)
 0.49 
APDOX  0.10  0.05 (0.20) 0.82  0.00 
(0.15)
 0.29 
(0.19)
 0.68 
APDRX  0.54  0.02  0.00  0.12  0.44 
(0.62)
 1.36 
(0.98)
 3.39 
APDQX  0.70 (0.02)(0.01) 0.07  0.68 
(0.85)
 2.15 
(1.15)
 4.40 
APDKX  0.45  0.02 (0.03) 0.12  0.46 
(0.46)
 1.08 
(0.82)
 2.61 

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