Artisan Select Equity Fund Market Value
| ARTNX Fund | USD 16.13 0.10 0.62% |
| Symbol | Artisan |
Artisan Select '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 Select'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 Select.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Artisan Select on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Artisan Select Equity or generate 0.0% return on investment in Artisan Select over 60 days. Artisan Select is related to or competes with Artisan Select, Artisan Developing, Artisan Focus, Artisan Small, Artisan Select, Artisan Global, and Artisan Mid. Under normal market conditions, the fund invests no less than 80 percent of its net assets plus any borrowings for inves... More
Artisan Select 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 Select'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 Select Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5775 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.17 |
Artisan Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artisan Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artisan Select's standard deviation. In reality, there are many statistical measures that can use Artisan Select historical prices to predict the future Artisan Select's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1031 |
Artisan Select Equity Backtested Returns
At this stage we consider Artisan Mutual Fund to be very steady. Artisan Select Equity secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Artisan Select Equity, which you can use to evaluate the volatility of the entity. Please confirm Artisan Select's Downside Deviation of 0.5775, risk adjusted performance of 0.0983, and Mean Deviation of 0.5506 to double-check if the risk estimate we provide is consistent with the expected return of 0.0796%. The fund shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Artisan Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Artisan Select is expected to be smaller as well.
Auto-correlation | -0.27 |
Weak reverse predictability
Artisan Select Equity has weak reverse predictability. Overlapping area represents the amount of predictability between Artisan Select time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Select Equity price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Artisan Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Artisan Select Equity lagged returns against current returns
Autocorrelation, which is Artisan Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Artisan Select returns to help us make a trade decision. For example, suppose you find that Artisan Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artisan Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Artisan Select Lagged Returns
When evaluating Artisan Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artisan Select mutual fund have on its future price. Artisan Select 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 Select autocorrelation shows the relationship between Artisan Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Artisan Select Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Artisan Mutual Fund
Artisan Select 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 Select security.
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