Artisan Global Correlations
APHGX Fund | USD 24.31 0.07 0.29% |
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
Very weak diversification
The correlation between Artisan Global Value 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 Global Value and DJI in the same portfolio, assuming nothing else is changed.
Artisan |
Moving together with Artisan Mutual Fund
0.94 | APDNX | Artisan Select Equity | PairCorr |
0.71 | APHYX | Artisan Developing World | PairCorr |
0.77 | APHTX | Artisan Focus | PairCorr |
0.94 | APHNX | Artisan Select Equity | PairCorr |
0.65 | APHRX | Artisan Global Oppor | PairCorr |
0.93 | APHKX | Artisan International | PairCorr |
0.77 | APHJX | Artisan International | PairCorr |
0.72 | APHMX | Artisan Mid Cap | PairCorr |
0.72 | APHLX | Artisan Value | PairCorr |
0.83 | APHIX | Artisan International | PairCorr |
0.75 | APHHX | Artisan Global Equity | PairCorr |
0.75 | APHEX | Artisan Emerging Markets | PairCorr |
0.68 | APHDX | Artisan Global Discovery | PairCorr |
0.94 | ARTNX | Artisan Select Equity | PairCorr |
0.61 | FMDRX | Franklin Mutual Global | PairCorr |
0.84 | TRZRX | T Rowe Price | PairCorr |
0.61 | MDISX | Franklin Mutual Global | PairCorr |
0.83 | PRAFX | T Rowe Price | PairCorr |
0.74 | BEGRX | Franklin Mutual Beacon | PairCorr |
0.61 | LSHUX | Horizon Spin Off | PairCorr |
0.61 | LSHEX | Kinetics Spin Off | PairCorr |
0.61 | LSHAX | Horizon Spin Off | PairCorr |
0.64 | KNPYX | Kinetics Paradigm | PairCorr |
0.64 | WWNPX | Kinetics Paradigm | PairCorr |
0.63 | KNPAX | Kinetics Paradigm | PairCorr |
0.63 | KNPCX | Kinetics Paradigm | PairCorr |
0.71 | EDD | Morgan Stanley Emerging | PairCorr |
Related Correlations Analysis
0.93 | 0.65 | 0.73 | 0.52 | APDGX | ||
0.93 | 0.67 | 0.72 | 0.57 | APHKX | ||
0.65 | 0.67 | 0.97 | 0.6 | APHRX | ||
0.73 | 0.72 | 0.97 | 0.54 | IPFPX | ||
0.52 | 0.57 | 0.6 | 0.54 | SCMGX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
APDGX | 0.54 | 0.03 | 0.03 | 0.07 | 0.89 | 1.18 | 4.72 | |||
APHKX | 0.46 | (0.01) | (0.01) | (0.02) | 0.77 | 0.75 | 3.53 | |||
APHRX | 0.83 | (0.14) | 0.00 | (0.25) | 0.00 | 1.31 | 11.87 | |||
IPFPX | 0.70 | (0.07) | 0.00 | (0.11) | 0.00 | 1.16 | 9.30 | |||
SCMGX | 0.98 | 0.07 | 0.03 | 0.24 | 1.87 | 1.73 | 9.59 |