Artisan International Correlations

ARTIX Fund

USD 30.11 0.14 0.46%

The current 90-days correlation between Artisan International and Artisan Mid Cap is 0.71 (i.e., Poor diversification). The correlation of Artisan International 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 International Correlation With Market

Very weak diversification

The correlation between Artisan International Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International Fund 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 International Fund. 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 gross domestic product.

Moving together with Artisan Mutual Fund

0.62	APDKX	Artisan International	Pair Corr
0.7	APDJX	Artisan International	Pair Corr
1.0	APDIX	Artisan International	Pair Corr
0.61	ARTKX	Artisan International	Pair Corr
0.77	ARTJX	Artisan International	Pair Corr
0.71	RERFX	Europacific Growth	Pair Corr
0.71	AEPFX	Europacific Growth	Pair Corr

Related Correlations Analysis

	ARTMX	OAKIX	SLASX	DODFX	HAINX
ARTMX		-0.47	0.95	-0.03	-0.47	ARTMX
OAKIX	-0.47		-0.37	0.87	0.9	OAKIX
SLASX	0.95	-0.37		0.07	-0.41	SLASX
DODFX	-0.03	0.87	0.07		0.76	DODFX
HAINX	-0.47	0.9	-0.41	0.76		HAINX
	ARTMX	OAKIX	SLASX	DODFX	HAINX

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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

SLASX	+ 0.95	ARTMX
HAINX	+ 0.9	OAKIX
DODFX	+ 0.87	OAKIX
HAINX	+ 0.76	DODFX
DODFX	+ 0.07	SLASX

High negative correlations

HAINX	- 0.47	ARTMX
OAKIX	- 0.47	ARTMX
HAINX	- 0.41	SLASX
SLASX	- 0.37	OAKIX
DODFX	- 0.03	ARTMX

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan International 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 International'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
ARTMX	0.79	0.06	0.04	0.17	0.97	(0.77)	1.60	(1.52)	4.93
OAKIX	0.78	(0.13)	0.00	(0.26)	0.00	0.00	1.62	(1.62)	6.00
SLASX	0.71	(0.03)	(0.02)	0.09	0.84	(0.72)	1.73	(1.44)	4.81
DODFX	0.62	(0.08)	0.00	(0.06)	0.00	0.00	1.18	(1.56)	4.42
HAINX	0.66	(0.13)	0.00	(0.13)	0.00	0.00	1.14	(1.65)	4.31

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