Artisan International Correlations

ARDBX Fund

USD 13.26 0.01 0.08%

The current 90-days correlation between Artisan International and Global Diversified Income is 0.45 (i.e., Very weak diversification). The correlation of Artisan International 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 International Correlation With Market

Very weak diversification

The correlation between Artisan International Explorer and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artisan International Explorer 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 International Explorer. 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 bureau of labor statistics.

Moving together with Artisan Mutual Fund

0.65	APDYX	Artisan Developing World	Pair Corr
0.62	APDUX	Artisan Floating Rate	Pair Corr
0.72	APDPX	Artisan Global Uncon	Pair Corr
0.83	APDKX	Artisan International	Pair Corr
0.72	APDJX	Artisan International	Pair Corr
0.82	APDGX	Artisan Global Value	Pair Corr
0.71	APDFX	Artisan High Income	Pair Corr
0.93	APDIX	Artisan International	Pair Corr
0.92	APDHX	Artisan Global Equity	Pair Corr
0.72	APHPX	Artisan Global Uncon	Pair Corr
1.0	ARHBX	Artisan International	Pair Corr
0.93	ARTIX	Artisan International	Pair Corr
0.92	ARTHX	Artisan Global Equity	Pair Corr
0.83	ARTKX	Artisan International	Pair Corr
0.71	ARTJX	Artisan International	Pair Corr
0.82	ARTGX	Artisan Global Value	Pair Corr
0.71	ARTFX	Artisan High Income	Pair Corr
0.65	ARTYX	Artisan Developing World	Pair Corr
0.81	ARTZX	Artisan Emerging Markets	Pair Corr

Related Correlations Analysis

	PGBAX	PGFCX	GPICX	MDBLX	HIIDX	MBLAX	DIFIX
PGBAX		0.87	0.44	0.81	0.71	0.89	0.97	PGBAX
PGFCX	0.87		0.42	0.52	0.81	0.92	0.91	PGFCX
GPICX	0.44	0.42		0.43	0.65	0.24	0.45	GPICX
MDBLX	0.81	0.52	0.43		0.37	0.55	0.74	MDBLX
HIIDX	0.71	0.81	0.65	0.37		0.67	0.77	HIIDX
MBLAX	0.89	0.92	0.24	0.55	0.67		0.91	MBLAX
DIFIX	0.97	0.91	0.45	0.74	0.77	0.91		DIFIX
	PGBAX	PGFCX	GPICX	MDBLX	HIIDX	MBLAX	DIFIX

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Risk-Adjusted Indicators

There is a big difference between Artisan Mutual Fund performing well and Artisan International 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 International'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
PGBAX	0.16	0.01	0.22	0.21	0.21	(0.18)	0.34	(0.34)	1.45
PGFCX	0.40	0.03	0.10	0.05	0.59	(0.43)	0.70	(1.06)	3.83
GPICX	0.06	0.00	0.30	(0.11)	0.02	(0.12)	0.10	(0.10)	0.62
MDBLX	0.28	0.03	0.21	1.38	0.29	(0.31)	0.61	(0.37)	2.34
HIIDX	0.88	0.16	0.10	0.17	1.47	(0.90)	1.78	(2.16)	8.61
MBLAX	0.46	0.03	0.09	0.03	0.68	(0.48)	0.89	(1.24)	4.87
DIFIX	0.35	0.03	0.13	0.09	0.50	(0.38)	0.59	(0.69)	2.60

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Artisan International Correlations

Artisan International Correlation With Market

Very weak diversification

Moving together with Artisan Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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