Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Value
ARTGX Fund  USD 26.87  0.10  0.37%   
The current 90-days correlation between Artisan Global Value and Artisan Global Opportunities is 0.76 (i.e., Poor 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

Very poor diversification

The correlation between Artisan Global Value and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Value 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 Value. 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 rate.

Moving together with Artisan Mutual Fund

  0.62APDTX Artisan Thematic Potential GrowthPairCorr
  0.83APDSX Artisan Small CapPairCorr
  0.85APDPX Artisan Global UnconPairCorr
  0.93APDOX Artisan Emerging MarketsPairCorr
  0.77APDQX Artisan Mid CapPairCorr
  0.97APDKX Artisan InternationalPairCorr
  1.0APDGX Artisan Global ValuePairCorr
  0.88APDFX Artisan High IncomePairCorr
  0.86APDHX Artisan Global EquityPairCorr
  0.61APFPX Artisan Global UnconPairCorr
  0.61APFOX Artisan Emerging MarketsPairCorr
  0.87APHOX Artisan Emerging MarketsPairCorr
  0.76APHPX Artisan Global UnconPairCorr
  0.77ARTQX Artisan Mid CapPairCorr
  0.63ARTSX Artisan Small CapPairCorr
  0.87ARTRX Artisan Global OpporPairCorr
  0.8ARTMX Artisan Mid CapPairCorr
  0.84ARTIX Artisan InternationalPairCorr
  0.81ARTHX Artisan Global EquityPairCorr
  0.97ARTKX Artisan InternationalPairCorr
  0.84ARTJX Artisan InternationalPairCorr
  0.61ARTFX Artisan High IncomePairCorr
  0.61ARTYX Artisan Developing WorldPairCorr
  0.94ARTZX Artisan Emerging MarketsPairCorr
  0.61ARTTX Artisan ThematicPairCorr

Related Correlations Analysis


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.

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