Artisan Emerging Correlations

APHOX Fund

USD 10.49 0.01 0.1%

The current 90-days correlation between Artisan Emerging Markets and Artisan Value Income is -0.07 (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

Good diversification

The correlation between Artisan Emerging Markets and DJI is -0.1 (i.e., Good 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

0.96	APDWX	Artisan Value Income	Pair Corr
0.9	APDYX	Artisan Developing World	Pair Corr
0.97	APDTX	Artisan Thematic	Pair Corr
0.93	APDSX	Artisan Small Cap	Pair Corr
0.98	APDUX	Artisan Floating Rate	Pair Corr
0.97	APDPX	Artisan Global Uncon	Pair Corr
1.0	APDOX	Artisan Emerging Markets	Pair Corr
0.97	APDRX	Artisan Global Oppor	Pair Corr
0.93	APDQX	Artisan Mid Cap	Pair Corr
0.96	APDKX	Artisan International	Pair Corr
0.96	APDJX	Artisan International	Pair Corr
0.97	APDMX	Artisan Mid Cap	Pair Corr
0.97	APDLX	Artisan Value	Pair Corr
0.97	APDGX	Artisan Global Value	Pair Corr
0.98	APDFX	Artisan High Income	Pair Corr
0.97	APDIX	Artisan International	Pair Corr
0.99	APDEX	Artisan Sustainable	Pair Corr
0.94	APDDX	Artisan Global Discovery	Pair Corr
0.96	APFWX	Artisan Value Income	Pair Corr
0.97	APFPX	Artisan Global Uncon	Pair Corr
1.0	APFOX	Artisan Emerging Markets	Pair Corr
0.96	APHWX	Artisan Value Income	Pair Corr
0.97	APHPX	Artisan Global Uncon	Pair Corr
0.99	ARDBX	Artisan International	Pair Corr
0.99	ARHBX	Artisan International	Pair Corr
0.92	ARTQX	Artisan Mid Cap	Pair Corr
0.94	ARTSX	Artisan Small Cap	Pair Corr
0.97	ARTRX	Artisan Global Oppor	Pair Corr
0.97	ARTMX	Artisan Mid Cap	Pair Corr
0.97	ARTLX	Artisan Value	Pair Corr
0.97	ARTIX	Artisan International	Pair Corr
0.98	ARTHX	Artisan Global Equity	Pair Corr
0.96	ARTKX	Artisan International	Pair Corr
0.96	ARTJX	Artisan International	Pair Corr
0.97	ARTGX	Artisan Global Value	Pair Corr
0.99	ARTFX	Artisan High Income	Pair Corr
0.91	ARTYX	Artisan Developing World	Pair Corr
0.99	ARTZX	Artisan Emerging Markets	Pair Corr
0.98	ARTUX	Artisan Floating Rate	Pair Corr

Moving against Artisan Mutual Fund

0.5

XDSMX

Dreyfus Strategic

Pair Corr

Related Correlations Analysis

	APDWX	APDYX	APDTX	APDSX	APDUX	APDPX	APDOX	APDRX	APDQX	APDKX
APDWX		0.86	0.94	0.95	0.95	0.91	0.97	0.95	0.95	0.91	APDWX
APDYX	0.86		0.94	0.92	0.91	0.82	0.9	0.95	0.83	0.93	APDYX
APDTX	0.94	0.94		0.94	0.98	0.94	0.98	0.99	0.9	0.95	APDTX
APDSX	0.95	0.92	0.94		0.93	0.86	0.94	0.96	0.9	0.9	APDSX
APDUX	0.95	0.91	0.98	0.93		0.95	0.98	0.97	0.92	0.96	APDUX
APDPX	0.91	0.82	0.94	0.86	0.95		0.97	0.92	0.87	0.92	APDPX
APDOX	0.97	0.9	0.98	0.94	0.98	0.97		0.97	0.93	0.96	APDOX
APDRX	0.95	0.95	0.99	0.96	0.97	0.92	0.97		0.9	0.96	APDRX
APDQX	0.95	0.83	0.9	0.9	0.92	0.87	0.93	0.9		0.9	APDQX
APDKX	0.91	0.93	0.95	0.9	0.96	0.92	0.96	0.96	0.9		APDKX
	APDWX	APDYX	APDTX	APDSX	APDUX	APDPX	APDOX	APDRX	APDQX	APDKX

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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
APDWX	0.54	0.05	0.00	0.22	0.45	(0.60)	1.33	(1.23)	3.66
APDYX	0.71	0.14	0.11	0.33	0.53	(0.79)	2.02	(1.39)	4.40
APDTX	0.68	0.22	0.15	0.44	0.57	(0.76)	2.22	(1.28)	5.55
APDSX	0.93	0.04	0.04	0.16	1.00	(1.03)	2.39	(1.68)	6.90
APDUX	0.10	0.07	0.00	41.58	0.00	0.00	0.44	(0.11)	0.75
APDPX	0.10	0.04	(0.64)	(0.75)	0.00	(0.15)	0.29	(0.10)	0.58
APDOX	0.13	0.08	(0.27)	1.28	0.00	(0.20)	0.39	(0.19)	0.88
APDRX	0.59	0.14	0.15	0.34	0.22	(0.72)	1.71	(1.06)	3.60
APDQX	0.77	0.14	(0.01)	(0.60)	0.83	(0.88)	1.91	(1.58)	6.08
APDKX	0.44	0.14	0.00	(1.72)	0.29	(0.48)	1.03	(0.80)	2.93

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