Artisan Global Correlations

APHGX Fund

USD 23.84 0.11 0.46%

The current 90-days correlation between Artisan Global Value and Artisan Global Value is 1.0 (i.e., No risk reduction). 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

Weak diversification

The correlation between Artisan Global Value and DJI is 0.38 (i.e., Weak 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 price.

Moving together with ARTISAN Mutual Fund

0.66	TEDRX	Franklin Mutual Global	Pair Corr
0.67	FMDRX	Franklin Mutual Global	Pair Corr
0.66	DOXWX	Dodge Cox Global	Pair Corr
0.7	DODWX	Dodge Global Stock	Pair Corr
0.85	TRZRX	T Rowe Price	Pair Corr
0.69	TEDIX	Franklin Mutual Global	Pair Corr
0.67	MDISX	Franklin Mutual Global	Pair Corr
0.66	TEDSX	Franklin Mutual Global	Pair Corr
0.84	PRAFX	T Rowe Price	Pair Corr
0.78	BEGRX	Franklin Mutual Beacon	Pair Corr
0.65	NHS	Neuberger Berman High	Pair Corr
0.89	JNJ	Johnson Johnson	Pair Corr
0.65	XOM	Exxon Mobil Corp	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr

Moving against ARTISAN Mutual Fund

0.5

Boeing

Pair Corr

Related Correlations Analysis

	APDGX	APHKX	APHRX	IPFPX	SCMGX
APDGX		0.91	0.77	0.81	0.52	APDGX
APHKX	0.91		0.77	0.78	0.58	APHKX
APHRX	0.77	0.77		0.97	0.63	APHRX
IPFPX	0.81	0.78	0.97		0.55	IPFPX
SCMGX	0.52	0.58	0.63	0.55		SCMGX
	APDGX	APHKX	APHRX	IPFPX	SCMGX

Click cells to compare fundamentals

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Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
APDGX	0.53	(0.04)	(0.09)	(0.01)	0.92	(0.58)	1.18	(1.26)	4.72
APHKX	0.47	(0.06)	0.00	(0.14)	0.00	0.00	0.71	(0.93)	3.53
APHRX	0.87	(0.18)	0.00	(0.38)	0.00	0.00	1.31	(2.14)	11.87
IPFPX	0.71	(0.16)	0.00	(0.31)	0.00	0.00	1.16	(1.00)	9.30
SCMGX	1.00	(0.01)	(0.04)	0.06	1.96	(0.92)	1.73	(1.81)	9.59

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