Artisan Global Correlations

APHPX Fund

USD 10.25 0.01 0.1%

The current 90-days correlation between Artisan Global Uncon and Franklin High Yield is 0.05 (i.e., Significant diversification). 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.

Check out Trending Equities to better understand how to build diversified portfolios. 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 american community survey.

Moving together with Artisan Mutual Fund

0.93	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.93	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.92	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.93	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.81	SMPSX	Semiconductor Ultrasector	Pair Corr
0.93	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.92	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.84	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.93	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr
0.89	WMT	Walmart Aggressive Push	Pair Corr
0.77	DIS	Walt Disney Aggressive Push	Pair Corr
0.73	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.76	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against Artisan Mutual Fund

0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	KO	Coca Cola Aggressive Push	Pair Corr
0.75	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.61	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.6	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	FHYVX	FYMNX	PRFHX	BIDPX	PATFX	BSNSX	BBINX	PRINX
FHYVX		0.82	0.81	0.89	0.79	0.9	0.74	0.94	FHYVX
FYMNX	0.82		0.97	0.86	0.97	0.83	0.93	0.87	FYMNX
PRFHX	0.81	0.97		0.87	1.0	0.85	0.94	0.88	PRFHX
BIDPX	0.89	0.86	0.87		0.87	0.98	0.91	0.98	BIDPX
PATFX	0.79	0.97	1.0	0.87		0.86	0.95	0.88	PATFX
BSNSX	0.9	0.83	0.85	0.98	0.86		0.86	0.97	BSNSX
BBINX	0.74	0.93	0.94	0.91	0.95	0.86		0.88	BBINX
PRINX	0.94	0.87	0.88	0.98	0.88	0.97	0.88		PRINX
	FHYVX	FYMNX	PRFHX	BIDPX	PATFX	BSNSX	BBINX	PRINX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FHYVX	0.17	0.02	(0.20)	(0.06)	0.23	(0.26)	0.34	(0.44)	1.88
FYMNX	0.13	0.00	(0.28)	0.01	0.19	(0.20)	0.37	(0.28)	1.39
PRFHX	0.15	0.00	(0.23)	(0.11)	0.23	(0.25)	0.44	(0.44)	1.61
BIDPX	0.14	0.01	(0.27)	0.03	0.23	(0.18)	0.27	(0.45)	1.36
PATFX	0.15	0.00	(0.24)	(0.30)	0.24	(0.25)	0.44	(0.35)	1.69
BSNSX	0.08	0.00	(0.34)	0.07	0.11	(0.14)	0.19	(0.29)	0.88
BBINX	0.11	(0.01)	(0.38)	(0.56)	0.17	(0.18)	0.29	(0.29)	1.07
PRINX	0.16	0.01	(0.25)	0.00	0.23	(0.24)	0.44	(0.44)	1.59

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Artisan Global Correlations

Moving together with Artisan Mutual Fund

Moving against Artisan Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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