Artisan Small Correlations

APHSX Fund

USD 38.23 0.32 0.83%

The current 90-days correlation between Artisan Small Cap and Eagle Mlp Strategy is 0.39 (i.e., Weak diversification). The correlation of Artisan Small 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 Small Correlation With Market

Weak diversification

The correlation between Artisan Small Cap and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Small 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 Small 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 state.

Moving together with Artisan Mutual Fund

0.7	APDNX	Artisan Select Equity	Pair Corr
0.62	APHYX	Artisan Developing World	Pair Corr
0.89	APHTX	Artisan Focus	Pair Corr
0.7	APHNX	Artisan Select Equity	Pair Corr
0.85	APHRX	Artisan Global Oppor	Pair Corr
0.91	APHQX	Artisan Mid Cap	Pair Corr
0.66	APHKX	Artisan International	Pair Corr
0.88	APHJX	Artisan International	Pair Corr
0.95	APHMX	Artisan Mid Cap	Pair Corr
0.83	APHLX	Artisan Value	Pair Corr
0.71	APHGX	Artisan Global Value	Pair Corr
0.87	APHHX	Artisan Global Equity	Pair Corr
0.71	ARTNX	Artisan Select Equity	Pair Corr
0.87	VSGAX	Vanguard Small Cap	Pair Corr
0.86	VSGIX	Vanguard Small Cap	Pair Corr
0.86	VISGX	Vanguard Small Cap	Pair Corr
0.85	VEXPX	Vanguard Explorer	Pair Corr
0.85	VEXRX	Vanguard Explorer	Pair Corr
0.88	JGMIX	Janus Triton	Pair Corr
0.88	JGMRX	Janus Triton	Pair Corr
0.88	JGMAX	Janus Triton	Pair Corr
0.87	JGMCX	Janus Triton	Pair Corr
0.89	JGMNX	Janus Triton	Pair Corr
0.75	WHIYX	Ivy High Income	Pair Corr
0.78	IVHIX	Ivy High Income	Pair Corr
0.78	IHIFX	Ivy High Income	Pair Corr
0.77	WRHIX	Ivy High Income	Pair Corr
0.75	WHIAX	Ivy High Income	Pair Corr
0.89	CSJZX	Cohen Steers Realty	Pair Corr
0.89	CSRSX	Cohen Steers Realty	Pair Corr
0.96	WAMCX	Wasatch Ultra Growth	Pair Corr

Moving against Artisan Mutual Fund

0.38	GOODX	Goodhaven Fund Goodhaven	Pair Corr
0.31	DNMDX	Dunham Monthly Distr	Pair Corr

Related Correlations Analysis

	EGLNX	ANGCX	FEMDX	HAIDX	CBHIX	ARTYX	LOTCX
EGLNX		0.27	0.63	0.16	0.39	0.18	0.08	EGLNX
ANGCX	0.27		0.71	0.47	0.23	0.55	0.34	ANGCX
FEMDX	0.63	0.71		0.62	0.25	0.64	0.06	FEMDX
HAIDX	0.16	0.47	0.62		-0.45	0.9	-0.32	HAIDX
CBHIX	0.39	0.23	0.25	-0.45		-0.34	0.53	CBHIX
ARTYX	0.18	0.55	0.64	0.9	-0.34		-0.18	ARTYX
LOTCX	0.08	0.34	0.06	-0.32	0.53	-0.18		LOTCX
	EGLNX	ANGCX	FEMDX	HAIDX	CBHIX	ARTYX	LOTCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ARTYX	+ 0.9	HAIDX
FEMDX	+ 0.71	ANGCX
ARTYX	+ 0.64	FEMDX
FEMDX	+ 0.63	EGLNX
HAIDX	+ 0.62	FEMDX
ARTYX	+ 0.55	ANGCX

High negative correlations

CBHIX	- 0.45	HAIDX
ARTYX	- 0.34	CBHIX
LOTCX	- 0.32	HAIDX
LOTCX	- 0.18	ARTYX

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Small 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 Small'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
EGLNX	1.03	0.12	0.06	0.32	1.54	(0.99)	1.97	(2.57)	6.25
ANGCX	0.12	0.01	(0.11)	0.63	0.00	(0.21)	0.35	(0.24)	0.94
FEMDX	0.16	0.01	(0.05)	0.26	0.09	(0.21)	0.35	(0.35)	0.94
HAIDX	0.54	(0.02)	(0.04)	(0.01)	0.74	(0.53)	1.22	(1.49)	2.99
CBHIX	0.19	0.02	(0.04)	(0.23)	0.12	(0.24)	0.47	(0.36)	1.30
ARTYX	0.85	0.03	0.01	0.10	1.11	(0.83)	1.92	(2.03)	4.65
LOTCX	0.45	0.01	(0.03)	(0.04)	0.56	(0.49)	0.78	(0.98)	2.42

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC