Artisan Mid Correlations

APHMX Fund

USD 45.19 0.16 0.35%

The correlation of Artisan Mid 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 Mid Correlation With Market

Modest diversification

The correlation between Artisan Mid Cap and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Mid Cap 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 Mid Cap. 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 population.

Moving together with Artisan Mutual Fund

0.91	PAMCX	T Rowe Price	Pair Corr
0.9	RRMGX	T Rowe Price	Pair Corr
0.91	TRQZX	T Rowe Price	Pair Corr
0.91	RPMGX	T Rowe Price	Pair Corr
0.92	PRJIX	T Rowe Price	Pair Corr
0.82	PRNHX	T Rowe Price	Pair Corr
0.92	TRUZX	T Rowe Price	Pair Corr
0.92	PCBIX	Midcap Fund Institutional	Pair Corr
0.92	PEMGX	Midcap Fund Class	Pair Corr
0.93	PMBCX	Midcap Fund Class	Pair Corr
0.74	IFN	India Closed	Pair Corr
0.71	CRF	Cornerstone Strategic	Pair Corr
0.72	USA	Liberty All Star	Pair Corr
0.8	VZ	Verizon Communications Aggressive Push	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.89	TRV	The Travelers Companies	Pair Corr
0.7	CAT	Caterpillar	Pair Corr
0.67	CVX	Chevron Corp	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.74	XOM	Exxon Mobil Corp	Pair Corr

Moving against Artisan Mutual Fund

0.68

Boeing

Pair Corr

Related Correlations Analysis

	SUSAX	OWSBX	TAAQX	FUEMX	KYSMX	ATOAX	LCCMX
SUSAX		0.89	0.91	0.94	0.41	0.95	0.93	SUSAX
OWSBX	0.89		0.93	0.92	0.64	0.84	0.87	OWSBX
TAAQX	0.91	0.93		0.89	0.53	0.92	0.91	TAAQX
FUEMX	0.94	0.92	0.89		0.57	0.87	0.89	FUEMX
KYSMX	0.41	0.64	0.53	0.57		0.28	0.52	KYSMX
ATOAX	0.95	0.84	0.92	0.87	0.28		0.9	ATOAX
LCCMX	0.93	0.87	0.91	0.89	0.52	0.9		LCCMX
	SUSAX	OWSBX	TAAQX	FUEMX	KYSMX	ATOAX	LCCMX

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Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Mid 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 Mid'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SUSAX	0.06	0.01	(0.74)	(0.43)	(0.17)	0.10	(0.10)	0.51
OWSBX	0.08	0.01	(0.64)	(0.32)	(0.14)	0.20	(0.10)	0.50
TAAQX	0.07	0.00	(0.67)	0.18	(0.15)	0.20	(0.10)	0.62
FUEMX	0.05	0.01	0.00	(2.01)	0.00	0.30	(0.10)	0.60
KYSMX	0.07	0.01	(0.32)	(2.55)	(0.20)	0.20	(0.19)	0.59
ATOAX	0.02	0.00	0.00	1.64	0.00	0.00	0.00	0.30
LCCMX	0.11	0.04	0.00	2.18	0.00	0.25	0.00	1.84

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