Artisan Global Correlations

Mutual Funds USA . 
Fund . Artisan Global Value
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.
  
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

  0.94APDNX Artisan Select EquityPairCorr
  0.71APHYX Artisan Developing WorldPairCorr
  0.77APHTX Artisan FocusPairCorr
  0.94APHNX Artisan Select EquityPairCorr
  0.65APHRX Artisan Global OpporPairCorr
  0.93APHKX Artisan InternationalPairCorr
  0.77APHJX Artisan InternationalPairCorr
  0.72APHMX Artisan Mid CapPairCorr
  0.72APHLX Artisan ValuePairCorr
  0.83APHIX Artisan InternationalPairCorr
  0.75APHHX Artisan Global EquityPairCorr
  0.75APHEX Artisan Emerging MarketsPairCorr
  0.68APHDX Artisan Global DiscoveryPairCorr
  0.94ARTNX Artisan Select EquityPairCorr
  0.61FMDRX Franklin Mutual GlobalPairCorr
  0.84TRZRX T Rowe PricePairCorr
  0.61MDISX Franklin Mutual GlobalPairCorr
  0.83PRAFX T Rowe PricePairCorr
  0.74BEGRX Franklin Mutual BeaconPairCorr
  0.61LSHUX Horizon Spin OffPairCorr
  0.61LSHEX Kinetics Spin OffPairCorr
  0.61LSHAX Horizon Spin OffPairCorr
  0.64KNPYX Kinetics ParadigmPairCorr
  0.64WWNPX Kinetics ParadigmPairCorr
  0.63KNPAX Kinetics ParadigmPairCorr
  0.63KNPCX Kinetics ParadigmPairCorr
  0.71EDD Morgan Stanley EmergingPairCorr

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.

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