Artisan Floating Correlations

APHUX Fund

USD 9.55 0.01 0.10%

The current 90-days correlation between Artisan Floating Rate and Franklin Mutual Global is 0.11 (i.e., Average diversification). The correlation of Artisan Floating 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 Floating Correlation With Market

Significant diversification

The correlation between Artisan Floating Rate and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Floating Rate 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 Floating Rate. 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 employment.

Moving together with Artisan Mutual Fund

0.65	LARCX	Floating Rate	Pair Corr
0.64	LFRFX	Floating Rate	Pair Corr
0.64	LRRTX	Floating Rate	Pair Corr
0.63	LRRKX	Floating Rate	Pair Corr
0.67	CIF	Mfs Intermediate High	Pair Corr
0.69	NXJ	Nuveen New Jersey	Pair Corr
0.92	PCF	Putnam High Income	Pair Corr
0.7	JSLCX	Multimanager Lifestyle	Pair Corr
0.7	AQEIX	Lkcm Aquinas Catholic	Pair Corr
0.65	FMAGX	Fidelity Magellan	Pair Corr
0.69	FTMSX	Fuller Thaler Behavioral	Pair Corr
0.98	PLAAX	Pace Large Growth	Pair Corr
0.62	BSGLX	Long Term Steady Growth	Pair Corr
0.97	DODWX	Dodge Global Stock	Pair Corr
0.93	PSTQX	Prudential Short Term	Pair Corr
0.65	BPAVX	Boston Partners All	Pair Corr
0.74	VSQAX	Invesco Global Respons	Pair Corr
0.65	SFLNX	Schwab Fundamental Large	Pair Corr
0.68	PITEX	Tax Exempt Bond	Pair Corr
0.98	LGLSX	L Abbett Growth	Pair Corr
0.63	TNXAX	1290 Doubleline Dynamic	Pair Corr
0.65	KAUCX	Federated Kaufmann	Pair Corr
0.95	FIANX	Fa Strategic Income	Pair Corr
0.65	TRBPX	T Rowe Price	Pair Corr
0.68	DNMDX	Dunham Monthly Distr	Pair Corr

Moving against Artisan Mutual Fund

0.35

XPPRX

Voya Prime Rate

Pair Corr

Related Correlations Analysis

	APHUX	FMDRX	BIAFX	XXBGX	GMCFX	IIFSX	TIERX	PDAIX	PPUMX	PCBAX
APHUX		0.73	0.67	0.96	0.95	0.97	0.7	0.67	0.65	0.48	APHUX
FMDRX	0.73		0.99	0.64	0.61	0.74	0.98	0.99	0.98	0.75	FMDRX
BIAFX	0.67	0.99		0.59	0.54	0.67	0.97	0.99	1.0	0.76	BIAFX
XXBGX	0.96	0.64	0.59		0.94	0.93	0.61	0.56	0.58	0.4	XXBGX
GMCFX	0.95	0.61	0.54	0.94		0.95	0.59	0.53	0.51	0.29	GMCFX
IIFSX	0.97	0.74	0.67	0.93	0.95		0.7	0.67	0.64	0.47	IIFSX
TIERX	0.7	0.98	0.97	0.61	0.59	0.7		0.98	0.97	0.75	TIERX
PDAIX	0.67	0.99	0.99	0.56	0.53	0.67	0.98		0.99	0.77	PDAIX
PPUMX	0.65	0.98	1.0	0.58	0.51	0.64	0.97	0.99		0.76	PPUMX
PCBAX	0.48	0.75	0.76	0.4	0.29	0.47	0.75	0.77	0.76		PCBAX
	APHUX	FMDRX	BIAFX	XXBGX	GMCFX	IIFSX	TIERX	PDAIX	PPUMX	PCBAX

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Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan Floating 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 Floating'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
APHUX	0.10	0.06	0.00	13.53	0.00	0.00	0.43	(0.11)	0.75
FMDRX	0.50	0.09	0.05	0.27	0.45	(0.54)	1.15	(1.32)	3.35
BIAFX	0.66	0.17	0.20	0.34	0.13	(0.75)	1.97	(0.87)	5.28
XXBGX	0.11	0.06	(0.23)	(2.02)	0.00	(0.16)	0.24	(0.08)	1.46
GMCFX	0.59	0.24	0.13	(14.43)	0.41	(0.65)	1.30	(1.21)	3.56
IIFSX	0.32	0.07	(0.09)	(2.77)	0.56	(0.34)	0.81	(0.76)	1.74
TIERX	0.61	0.13	0.08	0.41	0.52	(0.72)	1.38	(1.31)	3.29
PDAIX	0.38	0.12	0.08	0.47	0.00	(0.45)	1.00	(0.65)	2.69
PPUMX	0.74	0.28	0.36	0.50	0.00	(0.97)	2.39	(0.80)	5.42
PCBAX	0.22	0.07	(0.14)	0.77	0.00	(0.26)	0.54	(0.47)	2.02

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