Artisan International Correlations

Mutual Funds . USA . 
Fund . Artisan International Value
APHKX Fund  USD 49.14  0.11  0.22%   
The current 90-days correlation between Artisan International and Bridge Builder International is 0.72 (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 Value and DJI is 0.41 (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 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 International 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 industry.

Moving together with Artisan Mutual Fund

  0.81APDNX Artisan Select EquityPairCorr
  0.78APHTX Artisan FocusPairCorr
  0.66APHSX Artisan Small CapPairCorr
  0.81APHNX Artisan Select EquityPairCorr
  0.77APHRX Artisan Global OpporPairCorr
  0.69APHQX Artisan Mid CapPairCorr
  0.69APHJX Artisan InternationalPairCorr
  0.71APHMX Artisan Mid CapPairCorr
  0.82APHLX Artisan ValuePairCorr
  0.91APHGX Artisan Global ValuePairCorr
  0.75APHHX Artisan Global EquityPairCorr
  0.7APHEX Artisan Emerging MarketsPairCorr
  0.81ARTNX Artisan Select EquityPairCorr
  0.69VGTSX Vanguard Total InterPairCorr
  0.69VTIAX Vanguard Total InterPairCorr
  0.66VTSNX Vanguard Total InterPairCorr
  0.7VTPSX Vanguard Total InterPairCorr
  0.69VTISX Vanguard Total InterPairCorr
  0.71VTMGX Vanguard DevelopedPairCorr
  0.69VDVIX Vanguard DevelopedPairCorr
  0.7VTMNX Vanguard DevelopedPairCorr
  0.7VDIPX Vanguard DevelopedPairCorr
  0.61FSPSX Fidelity InternationalPairCorr
  0.61NHS Neuberger Berman HighPairCorr
  0.84FLCOX Fidelity Large CapPairCorr
  0.78VFMFX Vanguard MultifactorPairCorr
  0.66FLSNX Franklin Lifesmart 2050PairCorr
  0.72TEGYX Mid Cap GrowthPairCorr
  0.68MNWIX Mfs Managed WealthPairCorr
  0.7PHJYX Principal Lifetime HybridPairCorr

Moving against Artisan Mutual Fund

  0.45ESFHX Eaton Vance FloatingPairCorr
  0.32TSDCX Touchstone Ultra ShortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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