Artisan Developing Correlations
| APHYX Fund | USD 22.61 0.23 1.01% |
The current 90-days correlation between Artisan Developing World and Absolute Convertible Arbitrage is 0.15 (i.e., Average diversification). The correlation of Artisan Developing 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 Developing Correlation With Market
Modest diversification
The correlation between Artisan Developing World and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Developing World and DJI in the same portfolio, assuming nothing else is changed.
Artisan |
Moving together with Artisan Mutual Fund
| 0.75 | APDNX | Artisan Select Equity | PairCorr |
| 0.67 | APHSX | Artisan Small Cap | PairCorr |
| 0.75 | APHNX | Artisan Select Equity | PairCorr |
| 0.69 | APHJX | Artisan International | PairCorr |
| 0.76 | APHDX | Artisan Global Discovery | PairCorr |
| 0.75 | ARTNX | Artisan Select Equity | PairCorr |
| 0.78 | VFINX | Vanguard 500 Index | PairCorr |
| 0.65 | BRUSX | Ultra Small Pany | PairCorr |
Related Correlations Analysis
| 0.49 | 0.18 | 0.49 | -0.59 | 0.45 | 0.3 | ARBOX | ||
| 0.49 | 0.81 | 0.97 | -0.1 | 0.84 | 0.95 | PCNTX | ||
| 0.18 | 0.81 | 0.8 | 0.1 | 0.68 | 0.87 | GCV | ||
| 0.49 | 0.97 | 0.8 | -0.18 | 0.88 | 0.92 | XNCVX | ||
| -0.59 | -0.1 | 0.1 | -0.18 | -0.29 | 0.02 | CCD | ||
| 0.45 | 0.84 | 0.68 | 0.88 | -0.29 | 0.81 | XAVKX | ||
| 0.3 | 0.95 | 0.87 | 0.92 | 0.02 | 0.81 | NCIDX | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Artisan Mutual Fund performing well and Artisan Developing 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 Developing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARBOX | 0.06 | (0.01) | (0.13) | (0.25) | 0.18 | 0.09 | 1.33 | |||
| PCNTX | 0.51 | 0.06 | (0.01) | 1.70 | 0.56 | 1.05 | 3.52 | |||
| GCV | 1.00 | 0.08 | 0.03 | 0.25 | 1.17 | 1.89 | 5.96 | |||
| XNCVX | 0.64 | 0.07 | 0.00 | (17.54) | 0.77 | 1.29 | 4.08 | |||
| CCD | 0.69 | 0.00 | (0.06) | 0.08 | 0.93 | 1.54 | 4.87 | |||
| XAVKX | 0.47 | 0.03 | (0.04) | 0.38 | 0.62 | 0.90 | 3.14 | |||
| NCIDX | 0.48 | 0.07 | 0.01 | 2.27 | 0.55 | 1.03 | 3.30 |