Artisan Emerging Correlations
| APHEX Fund | USD 21.45 0.07 0.33% |
The current 90-days correlation between Artisan Emerging Markets and Wcm Focused Emerging is -0.02 (i.e., Good 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
Very weak diversification
The correlation between Artisan Emerging Markets and DJI is 0.46 (i.e., Very weak 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.
Artisan |
Moving together with Artisan Mutual Fund
| 0.93 | APHSX | Artisan Small Cap | PairCorr |
| 0.87 | APHRX | Artisan Global Oppor | PairCorr |
| 0.84 | APHKX | Artisan International | PairCorr |
| 0.61 | APHHX | Artisan Global Equity | PairCorr |
| 0.95 | ARTNX | Artisan Select Equity | PairCorr |
| 0.89 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.89 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.89 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.89 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.89 | FWWNX | American Funds New | PairCorr |
| 0.89 | FNFWX | American Funds New | PairCorr |
| 0.98 | NEWFX | New World Fund | PairCorr |
| 0.89 | NWFFX | New World Fund | PairCorr |
| 0.98 | NEWCX | New World Fund | PairCorr |
| 0.89 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.96 | AZNAX | Allianzgi Income Growth | PairCorr |
Related Correlations Analysis
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WFEMX | 0.61 | 0.36 | 0.28 | (7.87) | 0.00 | 1.99 | 3.65 | |||
| SFGIX | 0.39 | 0.17 | 0.06 | 0.82 | 0.25 | 1.12 | 3.31 | |||
| QTERX | 0.51 | 0.26 | 0.14 | 89.47 | 0.00 | 1.47 | 3.85 | |||
| DEDCX | 0.11 | 0.04 | (0.57) | 1.02 | 0.00 | 0.26 | 0.80 | |||
| FEMDX | 0.18 | 0.11 | (0.36) | (2.18) | 0.00 | 0.52 | 1.13 | |||
| PCEMX | 0.47 | 0.24 | 0.19 | 1.12 | 0.00 | 1.48 | 3.46 | |||
| OBEGX | 0.70 | 0.16 | 0.15 | 0.40 | 0.41 | 1.87 | 4.04 |