Artisan Select Correlations

Mutual Funds . USA . 
Fund . Artisan Select Equity
APDNX Fund  USD 17.52  0.19  1.10%   
The current 90-days correlation between Artisan Select Equity and Franklin Government Securities is 0.11 (i.e., Average 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

Average diversification

The correlation between Artisan Select Equity and DJI is 0.14 (i.e., Average 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artisan Select 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 board of governors.

Moving together with Artisan Mutual Fund

  0.92APHYX Artisan Developing WorldPairCorr
  0.96APHTX Artisan FocusPairCorr
  1.0APHNX Artisan Select EquityPairCorr
  0.65APHRX Artisan Global OpporPairCorr
  0.91APHQX Artisan Mid CapPairCorr
  0.96APHJX Artisan InternationalPairCorr
  0.96APHMX Artisan Mid CapPairCorr
  0.98APHLX Artisan ValuePairCorr
  0.97APHGX Artisan Global ValuePairCorr
  0.97APHFX Artisan High IncomePairCorr
  0.93APHIX Artisan InternationalPairCorr
  0.94APHHX Artisan Global EquityPairCorr
  0.94APHDX Artisan Global DiscoveryPairCorr
  0.95DOXGX Dodge Cox StockPairCorr
  0.61AFMFX American MutualPairCorr
  0.61FFMMX American Funds AmericanPairCorr
  0.61FFFMX American Funds AmericanPairCorr
  0.65AMRMX American MutualPairCorr
  0.97AMFFX American MutualPairCorr
  0.97AMFCX American MutualPairCorr
  0.64DODGX Dodge Stock FundPairCorr
  0.98TICSX Touchstone Small PanyPairCorr
  0.66MFLDX Marketfield Fund MarPairCorr
  0.89RULFX Rbc Ultra ShortPairCorr
  0.7MPIBX Bny Mellon IntermediatePairCorr
  0.65FSPTX Technology PortfolioPairCorr

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.

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