Artisan International Correlations

Mutual Funds . USA . 
Fund . Artisan International Small
APHJX Fund  USD 18.25  0.12  0.66%   
The current 90-days correlation between Artisan International and Victory Tax Exempt Fund is 0.07 (i.e., Significant 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

Poor diversification

The correlation between Artisan International Small and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International Small 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 Small. 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 inflation.

Moving together with Artisan Mutual Fund

  0.71APHKX Artisan InternationalPairCorr
  0.62APHGX Artisan Global ValuePairCorr
  0.72APHIX Artisan InternationalPairCorr
  0.8OSMYX Oppenheimer Intl SmallPairCorr
  0.88OSCIX Oppenheimer Intl SmallPairCorr
  0.88OSMNX Oppenheimer Intl SmallPairCorr
  0.87MIDGX Mfs International NewPairCorr
  0.87MIDRX Mfs International NewPairCorr
  0.72VGTSX Vanguard Total InterPairCorr
  0.79VTIAX Vanguard Total InterPairCorr

Moving against Artisan Mutual Fund

  0.37APHLX Artisan ValuePairCorr
  0.51RYBKX Banking Fund ClassPairCorr
  0.38WWLAX Westwood Largecap ValuePairCorr

Related Correlations Analysis

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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   
TRBCX
+ 0.92
APDTX
PRVBX
+ 0.85
BXDCX
USCAX
+ 0.79
TRBCX
USCAX
+ 0.78
APDTX
BXDCX
+ 0.61
APDTX
TRBCX
+ 0.57
BXDCX
  
High negative correlations   
TRBCX
- 0.29
RETCX
APDTX
- 0.13
RETCX
USCAX
- 0.0
RETCX

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.

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