Artisan Global Correlations

APHRX Fund

USD 37.68 0.15 0.40%

The current 90-days correlation between Artisan Global Oppor and Financials Ultrasector Profund is 0.01 (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.

Artisan Global Correlation With Market

Poor diversification

The correlation between Artisan Global Opportunities and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Opportunities 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 Global Opportunities. 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 metropolitan statistical area.

Moving together with Artisan Mutual Fund

0.75	APDNX	Artisan Select Equity	Pair Corr
0.85	APHYX	Artisan Developing World	Pair Corr
0.85	APHTX	Artisan Focus	Pair Corr
0.64	APHSX	Artisan Small Cap Steady Growth	Pair Corr
0.81	APHNX	Artisan Select Equity	Pair Corr
0.7	APHQX	Artisan Mid Cap	Pair Corr
0.65	APHLX	Artisan Value	Pair Corr
0.62	APHGX	Artisan Global Value	Pair Corr
0.69	APHHX	Artisan Global Equity	Pair Corr
0.61	APHEX	Artisan Emerging Markets	Pair Corr
0.84	APHDX	Artisan Global Discovery	Pair Corr
0.75	ARTNX	Artisan Select Equity	Pair Corr
0.97	FNFPX	American Funds New	Pair Corr
0.86	FFPNX	American Funds New	Pair Corr
0.97	NPFCX	New Perspective	Pair Corr
0.97	ANWPX	New Perspective	Pair Corr
0.97	NPFFX	New Perspective	Pair Corr
0.97	CNPAX	New Perspective	Pair Corr
0.97	CNPEX	New Perspective	Pair Corr
0.97	CNPFX	New Perspective	Pair Corr
0.97	CNPCX	New Perspective	Pair Corr
0.97	RNPAX	New Perspective	Pair Corr
0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.87	HCMNX	Hcm Dividend Sector	Pair Corr
0.82	TAIAX	American Funds Tax	Pair Corr
0.77	SIYYX	Simt High Yield	Pair Corr
0.78	AMGOX	Alger Mid Cap	Pair Corr

Related Correlations Analysis

	FNPIX	BTO	RGFIX	MSVIX	PFSQX	RPFGX
FNPIX		0.95	0.0	0.7	0.99	0.95	FNPIX
BTO	0.95		0.0	0.79	0.95	0.97	BTO
RGFIX	0.0	0.0		0.0	0.0	0.0	RGFIX
MSVIX	0.7	0.79	0.0		0.75	0.82	MSVIX
PFSQX	0.99	0.95	0.0	0.75		0.96	PFSQX
RPFGX	0.95	0.97	0.0	0.82	0.96		RPFGX
	FNPIX	BTO	RGFIX	MSVIX	PFSQX	RPFGX

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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

PFSQX	+ 0.99	FNPIX
RPFGX	+ 0.97	BTO
RPFGX	+ 0.96	PFSQX
BTO	+ 0.95	FNPIX
RPFGX	+ 0.95	FNPIX
PFSQX	+ 0.95	BTO

High negative correlations

RPFGX	- 0.0	RGFIX
PFSQX	- 0.0	RGFIX
MSVIX	- 0.0	RGFIX
RGFIX	- 0.0	BTO
RGFIX	- 0.0	FNPIX

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
FNPIX	1.09	0.33	0.16	(1.72)	0.88	(1.18)	2.09	(1.83)	11.72
BTO	0.93	0.13	0.17	0.21	0.74	(1.03)	1.88	(1.32)	9.88
RGFIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSVIX	0.79	(0.07)	(0.04)	0.06	0.84	(0.91)	1.78	(1.41)	5.71
PFSQX	0.80	0.23	0.13	(2.54)	0.50	(0.99)	1.58	(1.42)	8.34
RPFGX	0.80	0.05	0.11	0.16	0.51	(0.97)	1.85	(1.40)	7.59

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