Artisan Global Correlations

Mutual Funds . USA . 
Fund . Artisan Global Equity
ARTHX Fund  USD 21.37  0.03  0.14%   
The current 90-days correlation between Artisan Global Equity and Emerging Markets Fund is -0.19 (i.e., Good 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 Equity and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Global Equity 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 Equity. 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 rate.

Moving together with ARTISAN Mutual Fund

  0.8APDSX Artisan Small CapPairCorr
  0.82APDRX Artisan Global OpporPairCorr
  0.85APDQX Artisan Mid CapPairCorr
  0.72APDMX Artisan Mid CapPairCorr
  0.69APDLX Artisan ValuePairCorr
  0.69APDGX Artisan Global ValuePairCorr
  0.65APDIX Artisan InternationalPairCorr
  0.74APDHX Artisan Global EquityPairCorr
  0.77APDDX Artisan Global DiscoveryPairCorr
  0.72APFWX Artisan Value IncomePairCorr
  0.72APHWX Artisan Value IncomePairCorr
  0.85ARTQX Artisan Mid CapPairCorr
  0.7ARTSX Artisan Small CapPairCorr
  0.66ARTRX Artisan Global OpporPairCorr
  0.62ARTMX Artisan Mid CapPairCorr
  0.69ARTTX Artisan ThematicPairCorr
  0.65FNFPX American Funds NewPairCorr
  0.65FFPNX American Funds NewPairCorr

Related Correlations Analysis

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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   
TWCGX
+ 1.0
TWCIX
TWCIX
+ 0.96
TWHIX
TWCGX
+ 0.95
TWHIX
TWCIX
+ 0.45
TWMIX
TWCGX
+ 0.45
TWMIX
TWHIX
+ 0.33
TWMIX
  
High negative correlations   
TWHIX
- 0.63
TWIEX
TWCIX
- 0.49
TWIEX
TWCGX
- 0.46
TWIEX

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.

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