Artisan Small Correlations

Mutual Funds . USA . 
Fund . Artisan Small Cap
APDSX Fund  USD 34.80  0.28  0.81%   
The current 90-days correlation between Artisan Small Cap and Rbb Fund is 0.19 (i.e., Average diversification). The correlation of Artisan Small 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 Small Correlation With Market

Almost no diversification

The correlation between Artisan Small Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Small Cap 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 Small Cap. 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 state.

Moving together with Artisan Mutual Fund

  0.95APDWX Artisan Value IncomePairCorr
  0.94APDYX Artisan Developing WorldPairCorr
  0.94APDTX Artisan ThematicPairCorr
  0.92APDUX Artisan Floating RatePairCorr
  0.83APDPX Artisan Global UnconPairCorr
  0.91APDOX Artisan Emerging MarketsPairCorr
  0.96APDRX Artisan Global OpporPairCorr
  0.92APDQX Artisan Mid CapPairCorr
  0.93APDKX Artisan InternationalPairCorr
  0.93APDJX Artisan InternationalPairCorr
  0.97APDMX Artisan Mid CapPairCorr
  0.97APDLX Artisan ValuePairCorr
  0.96APDGX Artisan Global ValuePairCorr
  0.94APDFX Artisan High IncomePairCorr
  0.91APDIX Artisan InternationalPairCorr
  0.91APDHX Artisan Global EquityPairCorr
  0.94APDEX Artisan SustainablePairCorr
  0.97APDDX Artisan Global DiscoveryPairCorr
  0.95APFWX Artisan Value IncomePairCorr
  0.83APFPX Artisan Global UnconPairCorr
  0.91APFOX Artisan Emerging MarketsPairCorr
  0.97APFDX Artisan Global DiscoveryPairCorr
  0.95APHWX Artisan Value IncomePairCorr
  0.91APHOX Artisan Emerging MarketsPairCorr
  0.83APHPX Artisan Global UnconPairCorr
  0.92ARDBX Artisan InternationalPairCorr
  0.92ARHBX Artisan InternationalPairCorr
  0.92ARTQX Artisan Mid CapPairCorr
  1.0ARTSX Artisan Small CapPairCorr
  0.96ARTRX Artisan Global OpporPairCorr
  0.97ARTMX Artisan Mid CapPairCorr
  0.97ARTLX Artisan ValuePairCorr
  0.91ARTIX Artisan InternationalPairCorr
  0.91ARTHX Artisan Global EquityPairCorr
  0.93ARTKX Artisan InternationalPairCorr
  0.93ARTJX Artisan InternationalPairCorr
  0.96ARTGX Artisan Global ValuePairCorr
  0.94ARTFX Artisan High IncomePairCorr
  0.94ARTYX Artisan Developing WorldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Small 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 Small'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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