Artisan International Correlations

APHIX Fund

USD 30.76 0.28 0.92%

The current 90-days correlation between Artisan International and Artisan Select Equity is 0.64 (i.e., Poor diversification). The correlation of Artisan International 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 International Correlation With Market

Very weak diversification

The correlation between Artisan International Fund and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International Fund 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 International Fund. 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 gross domestic product.

Moving together with Artisan Mutual Fund

0.72	APHJX	Artisan International	Pair Corr
0.72	RERFX	Europacific Growth	Pair Corr
0.72	AEPFX	Europacific Growth	Pair Corr
0.72	CEUAX	Europacific Growth	Pair Corr
0.72	CEUCX	Europacific Growth	Pair Corr
0.72	RERCX	Europacific Growth	Pair Corr
0.72	REREX	Europacific Growth	Pair Corr
0.72	RERGX	Europacific Growth	Pair Corr
0.72	CEUFX	Europacific Growth	Pair Corr
0.72	CEUEX	Europacific Growth	Pair Corr
0.72	RERAX	Europacific Growth	Pair Corr

Related Correlations Analysis

	APDNX	APHYX	APHTX	APHSX	APHNX	APHRX	APHQX	APHKX	APHJX	APHMX
APDNX		0.74	0.77	0.75	0.82	0.81	0.93	-0.46	-0.14	0.93	APDNX
APHYX	0.74		0.92	0.85	0.83	0.78	0.67	-0.32	-0.19	0.77	APHYX
APHTX	0.77	0.92		0.88	0.88	0.75	0.74	-0.4	-0.19	0.81	APHTX
APHSX	0.75	0.85	0.88		0.93	0.65	0.75	-0.43	-0.08	0.8	APHSX
APHNX	0.82	0.83	0.88	0.93		0.62	0.79	-0.4	-0.08	0.79	APHNX
APHRX	0.81	0.78	0.75	0.65	0.62		0.8	-0.17	0.06	0.83	APHRX
APHQX	0.93	0.67	0.74	0.75	0.79	0.8		-0.29	0.05	0.87	APHQX
APHKX	-0.46	-0.32	-0.4	-0.43	-0.4	-0.17	-0.29		0.69	-0.63	APHKX
APHJX	-0.14	-0.19	-0.19	-0.08	-0.08	0.06	0.05	0.69		-0.27	APHJX
APHMX	0.93	0.77	0.81	0.8	0.79	0.83	0.87	-0.63	-0.27		APHMX
	APDNX	APHYX	APHTX	APHSX	APHNX	APHRX	APHQX	APHKX	APHJX	APHMX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

APHQX	+ 0.93	APDNX
APHMX	+ 0.93	APDNX
APHNX	+ 0.93	APHSX
APHTX	+ 0.92	APHYX
APHSX	+ 0.88	APHTX
APHNX	+ 0.88	APHTX

High negative correlations

APHMX	- 0.63	APHKX
APHKX	- 0.46	APDNX
APHKX	- 0.43	APHSX
APHKX	- 0.4	APHNX
APHKX	- 0.4	APHTX
APHKX	- 0.32	APHYX

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan International 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 International'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
APDNX	0.54	(0.01)	(0.07)	0.11	0.46	(0.66)	1.24	(0.99)	3.41
APHYX	0.71	0.21	0.07	(5.29)	0.72	(0.83)	1.47	(1.51)	5.50
APHTX	0.73	0.19	0.07	3.29	0.68	(0.79)	1.72	(1.16)	5.01
APHSX	0.91	0.23	0.09	3.14	0.87	(0.96)	2.04	(1.72)	5.79
APHNX	0.53	0.09	(0.07)	(6.66)	0.40	(0.66)	1.24	(0.77)	3.43
APHRX	0.62	(0.02)	(0.06)	0.10	0.82	(0.64)	1.29	(1.32)	4.61
APHQX	0.62	(0.07)	(0.11)	0.05	0.61	(0.68)	1.21	(1.05)	4.80
APHKX	0.50	(0.13)	0.00	(0.22)	0.00	0.00	0.90	(1.07)	4.00
APHJX	0.66	(0.01)	(0.14)	0.03	0.81	(0.67)	1.26	(1.32)	3.61
APHMX	0.77	0.07	0.05	0.20	0.96	(0.78)	1.58	(1.53)	4.94

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