Artisan Floating Correlations

Mutual Funds . USA . 
Fund . Artisan Floating Rate
ARTUX Fund  USD 9.56  0.00  0.00%   
The current 90-days correlation between Artisan Floating Rate and Artisan Value Income is 0.23 (i.e., Modest 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

Weak diversification

The correlation between Artisan Floating Rate and DJI is 0.35 (i.e., Weak 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

  0.95APDWX Artisan Value IncomePairCorr
  0.92APDYX Artisan Developing WorldPairCorr
  0.98APDTX Artisan ThematicPairCorr
  0.93APDSX Artisan Small CapPairCorr
  1.0APDUX Artisan Floating RatePairCorr
  0.94APDPX Artisan Global UnconPairCorr
  0.98APDOX Artisan Emerging MarketsPairCorr
  0.98APDRX Artisan Global OpporPairCorr
  0.91APDQX Artisan Mid CapPairCorr
  0.96APDKX Artisan InternationalPairCorr
  0.97APDJX Artisan InternationalPairCorr
  0.97APDMX Artisan Mid CapPairCorr
  0.97APDLX Artisan ValuePairCorr
  0.97APDGX Artisan Global ValuePairCorr
  0.99APDFX Artisan High IncomePairCorr
  0.97APDIX Artisan InternationalPairCorr
  0.97APDHX Artisan Global EquityPairCorr
  0.98APDEX Artisan SustainablePairCorr
  0.94APFPX Artisan Global UnconPairCorr
  0.98APFOX Artisan Emerging MarketsPairCorr
  0.95APFDX Artisan Global DiscoveryPairCorr
  0.95APHWX Artisan Value IncomePairCorr
  0.98APHOX Artisan Emerging MarketsPairCorr
  0.94APHPX Artisan Global UnconPairCorr
  0.97ARDBX Artisan InternationalPairCorr
  0.97ARHBX Artisan InternationalPairCorr
  0.91ARTQX Artisan Mid CapPairCorr
  0.93ARTSX Artisan Small CapPairCorr
  0.98ARTRX Artisan Global OpporPairCorr
  0.97ARTMX Artisan Mid CapPairCorr
  0.97ARTLX Artisan ValuePairCorr
  0.97ARTIX Artisan InternationalPairCorr
  0.97ARTHX Artisan Global EquityPairCorr
  0.96ARTKX Artisan InternationalPairCorr
  0.97ARTJX Artisan InternationalPairCorr
  0.97ARTGX Artisan Global ValuePairCorr
  0.99ARTFX Artisan High IncomePairCorr
  0.92ARTYX Artisan Developing WorldPairCorr
  0.98ARTZX Artisan Emerging MarketsPairCorr

Related Correlations Analysis

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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.

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