Artisan Emerging Correlations

Mutual Funds . USA . 
Fund . Artisan Emerging Markets
APFOX Fund  USD 10.49  0.01  0.1%   
The current 90-days correlation between Artisan Emerging Markets and Artisan Value Income is 0.12 (i.e., Average diversification). The correlation of Artisan Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Artisan Emerging Markets and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Emerging Markets 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 Emerging Markets. 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 persons.

Moving together with Artisan Mutual Fund

  0.95APDWX Artisan Value IncomePairCorr
  0.71APDYX Artisan Developing WorldPairCorr
  0.97APDTX Artisan ThematicPairCorr
  0.92APDSX Artisan Small CapPairCorr
  0.98APDUX Artisan Floating RatePairCorr
  0.63APDPX Artisan Global UnconPairCorr
  0.67APDOX Artisan Emerging MarketsPairCorr
  0.96APDRX Artisan Global OpporPairCorr
  0.71APDKX Artisan InternationalPairCorr
  0.97APDJX Artisan InternationalPairCorr
  0.96APDMX Artisan Mid CapPairCorr
  0.67APDLX Artisan ValuePairCorr
  0.69APDGX Artisan Global ValuePairCorr
  0.7APDFX Artisan High IncomePairCorr
  0.95APDIX Artisan InternationalPairCorr
  0.97APDHX Artisan Global EquityPairCorr
  0.98APDEX Artisan SustainablePairCorr
  0.94APDDX Artisan Global DiscoveryPairCorr
  0.95APFWX Artisan Value IncomePairCorr
  0.97APFPX Artisan Global UnconPairCorr
  0.94APFDX Artisan Global DiscoveryPairCorr
  0.99APHOX Artisan Emerging MarketsPairCorr
  0.97APHPX Artisan Global UnconPairCorr
  0.97ARDBX Artisan InternationalPairCorr
  0.97ARHBX Artisan InternationalPairCorr
  0.61ARTSX Artisan Small CapPairCorr
  0.7ARTRX Artisan Global OpporPairCorr
  0.72ARTMX Artisan Mid CapPairCorr
  0.66ARTLX Artisan ValuePairCorr
  0.71ARTIX Artisan InternationalPairCorr
  0.67ARTHX Artisan Global EquityPairCorr
  0.71ARTKX Artisan InternationalPairCorr
  0.96ARTJX Artisan InternationalPairCorr
  0.69ARTGX Artisan Global ValuePairCorr
  0.7ARTFX Artisan High IncomePairCorr
  0.71ARTYX Artisan Developing WorldPairCorr

Moving against Artisan Mutual Fund

  0.69USPSX Profunds UltrashortPairCorr

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 Emerging 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 Emerging'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APDWX  0.70  0.04 (0.03) 0.30  0.59 
(0.81)
 1.46 
(1.31)
 8.85 
APDYX  0.74  0.22 (0.02)(23.43) 0.56 
(0.82)
 2.02 
(1.39)
 4.40 
APDTX  0.88  0.18  0.11  0.44  0.71 
(0.98)
 2.23 
(2.31)
 11.38 
APDSX  1.16  0.43  0.03 (0.49) 1.25 
(1.31)
 2.97 
(2.85)
 15.37 
APDUX  0.12  0.05 (0.53) 6.60  0.00 
(0.19)
 0.44 
(0.11)
 0.77 
APDPX  0.10  0.04 (1.28) 2.32  0.00 
(0.15)
 0.29 
(0.10)
 0.58 
APDOX  0.13  0.09 (0.80) 19.45  0.00 
(0.20)
 0.39 
(0.19)
 0.88 
APDRX  0.76  0.36  0.09 (1.35) 0.37 
(0.92)
 2.16 
(1.25)
 8.91 
APDQX  0.77  0.16 (0.11)(1.20) 0.76 
(0.91)
 1.91 
(1.18)
 6.08 
APDKX  0.43  0.14 (0.20)(1.49) 0.33 
(0.48)
 1.00 
(0.80)
 2.93 

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