Artisan Select Correlations
ARTNX Fund | USD 16.30 0.01 0.06% |
The current 90-days correlation between Artisan Select Equity and The Hartford Municipal is -0.26 (i.e., Very good diversification). The correlation of Artisan Select 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 Select Correlation With Market
Good diversification
The correlation between Artisan Select Equity and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Select Equity and DJI in the same portfolio, assuming nothing else is changed.
Artisan |
Moving together with Artisan Mutual Fund
0.74 | APDNX | Artisan Select Equity | PairCorr |
0.68 | APHYX | Artisan Developing World | PairCorr |
0.87 | APHTX | Artisan Focus | PairCorr |
0.68 | APHSX | Artisan Small Cap | PairCorr |
1.0 | APHNX | Artisan Select Equity | PairCorr |
0.64 | APHRX | Artisan Global Oppor | PairCorr |
0.91 | APHQX | Artisan Mid Cap | PairCorr |
0.92 | APHMX | Artisan Mid Cap | PairCorr |
0.74 | APHLX | Artisan Value | PairCorr |
0.79 | APHFX | Artisan High Income | PairCorr |
0.73 | APHHX | Artisan Global Equity | PairCorr |
0.9 | APHDX | Artisan Global Discovery | PairCorr |
0.73 | VTSAX | Vanguard Total Stock | PairCorr |
0.74 | VFIAX | Vanguard 500 Index | PairCorr |
0.73 | VTSMX | Vanguard Total Stock | PairCorr |
0.73 | VITSX | Vanguard Total Stock | PairCorr |
0.73 | VSMPX | Vanguard Total Stock | PairCorr |
0.73 | VSTSX | Vanguard Total Stock | PairCorr |
0.74 | VFINX | Vanguard 500 Index | PairCorr |
0.73 | VFFSX | Vanguard 500 Index | PairCorr |
0.74 | VINIX | Vanguard Institutional | PairCorr |
0.73 | VIIIX | Vanguard Institutional | PairCorr |
0.68 | ARTMX | Artisan Mid Cap | PairCorr |
Moving against Artisan Mutual Fund
0.41 | APHKX | Artisan International | PairCorr |
0.51 | GPBFX | Gmo E Plus | PairCorr |
0.39 | GAAKX | Gmo Alternative Allo | PairCorr |
0.38 | GPMFX | Guidepath Managed Futures | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Artisan Mutual Fund performing well and Artisan Select 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 Select'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HHMAX | 0.11 | (0.01) | (0.36) | (0.07) | 0.16 | 0.24 | 1.08 | |||
PRINX | 0.16 | 0.02 | (0.26) | (0.08) | 0.22 | 0.44 | 1.59 | |||
BSNSX | 0.08 | 0.00 | (0.40) | 0.05 | 0.11 | 0.19 | 0.88 | |||
FHYVX | 0.17 | 0.03 | (0.20) | (0.13) | 0.21 | 0.44 | 1.88 | |||
NBMAX | 0.13 | 0.01 | (0.34) | 0.01 | 0.18 | 0.32 | 1.29 | |||
TMNIX | 0.15 | (0.01) | (0.26) | 0.02 | 0.24 | 0.37 | 1.65 | |||
BCHIX | 0.16 | 0.02 | (0.23) | (0.14) | 0.22 | 0.41 | 1.53 | |||
ABIMX | 0.18 | 0.02 | (0.23) | (0.09) | 0.27 | 0.40 | 1.73 |