Artisan Mid Cap Fund Market Value

APHMX Fund  USD 48.69  0.11  0.23%   
Artisan Mid's market value is the price at which a share of Artisan Mid trades on a public exchange. It measures the collective expectations of Artisan Mid Cap investors about its performance. Artisan Mid is trading at 48.69 as of the 28th of November 2024; that is 0.23 percent decrease since the beginning of the trading day. The fund's open price was 48.8.
With this module, you can estimate the performance of a buy and hold strategy of Artisan Mid Cap and determine expected loss or profit from investing in Artisan Mid over a given investment horizon. Check out Artisan Mid Correlation, Artisan Mid Volatility and Artisan Mid Alpha and Beta module to complement your research on Artisan Mid.
Symbol

Please note, there is a significant difference between Artisan Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Artisan Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artisan Mid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Artisan Mid 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Artisan Mid's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Artisan Mid.
0.00
12/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
11/28/2024
0.00
If you would invest  0.00  in Artisan Mid on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Artisan Mid Cap or generate 0.0% return on investment in Artisan Mid over 720 days. Artisan Mid is related to or competes with T Rowe, T Rowe, T Rowe, and Midcap Fund. The fund normally invests no less than 80 percent of its net assets plus any borrowings for investment purposes at marke... More

Artisan Mid Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Artisan Mid's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Artisan Mid Cap upside and downside potential and time the market with a certain degree of confidence.

Artisan Mid Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Artisan Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artisan Mid's standard deviation. In reality, there are many statistical measures that can use Artisan Mid historical prices to predict the future Artisan Mid's volatility.
Hype
Prediction
LowEstimatedHigh
47.6448.7049.76
Details
Intrinsic
Valuation
LowRealHigh
46.7247.7848.84
Details
Naive
Forecast
LowNextHigh
48.1849.2450.29
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
45.2447.2549.27
Details

Artisan Mid Cap Backtested Returns

At this stage we consider Artisan Mutual Fund to be very steady. Artisan Mid Cap secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Artisan Mid Cap, which you can use to evaluate the volatility of the entity. Please confirm Artisan Mid's Risk Adjusted Performance of 0.1449, downside deviation of 1.26, and Mean Deviation of 0.776 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. The fund shows a Beta (market volatility) of 1.0, which signifies a somewhat significant risk relative to the market. Artisan Mid returns are very sensitive to returns on the market. As the market goes up or down, Artisan Mid is expected to follow.

Auto-correlation

    
  0.16  

Very weak predictability

Artisan Mid Cap has very weak predictability. Overlapping area represents the amount of predictability between Artisan Mid time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Artisan Mid Cap price movement. The serial correlation of 0.16 indicates that over 16.0% of current Artisan Mid price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.22
Residual Average0.0
Price Variance3.03

Artisan Mid Cap lagged returns against current returns

Autocorrelation, which is Artisan Mid mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Artisan Mid's mutual fund expected returns. We can calculate the autocorrelation of Artisan Mid returns to help us make a trade decision. For example, suppose you find that Artisan Mid has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Artisan Mid regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Artisan Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artisan Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Artisan Mid mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Artisan Mid Lagged Returns

When evaluating Artisan Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artisan Mid mutual fund have on its future price. Artisan Mid autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Artisan Mid autocorrelation shows the relationship between Artisan Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Artisan Mid Cap.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Artisan Mutual Fund

Artisan Mid financial ratios help investors to determine whether Artisan Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Artisan with respect to the benefits of owning Artisan Mid security.
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