Correlation Between Artisan Emerging and Flakqx

Can any of the company-specific risk be diversified away by investing in both Artisan Emerging and Flakqx at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Artisan Emerging and Flakqx into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Artisan Emerging Markets and Flakqx, you can compare the effects of market volatilities on Artisan Emerging and Flakqx and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Artisan Emerging with a short position of Flakqx. Check out your portfolio center. Please also check ongoing floating volatility patterns of Artisan Emerging and Flakqx.

Diversification Opportunities for Artisan Emerging and Flakqx

0.98

Correlation Coefficient

Artisan Emerging  Flakqx

Almost no diversification

The 3 months correlation between Artisan and Flakqx is 0.98. Overlapping area represents the amount of risk that can be diversified away by holding Artisan Emerging Markets and Flakqx in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Flakqx and Artisan Emerging is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Artisan Emerging Markets are associated (or correlated) with Flakqx. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Flakqx has no effect on the direction of Artisan Emerging i.e., Artisan Emerging and Flakqx go up and down completely randomly.

Pair Corralation between Artisan Emerging and Flakqx

Assuming the 90 days horizon Artisan Emerging Markets is expected to generate 0.84 times more return on investment than Flakqx. However, Artisan Emerging Markets is 1.18 times less risky than Flakqx. It trades about 0.28 of its potential returns per unit of risk. Flakqx is currently generating about 0.21 per unit of risk. If you would invest  1,897  in Artisan Emerging Markets on May 7, 2025 and sell it today you would earn a total of  253.00  from holding Artisan Emerging Markets or generate 13.34% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Strong
Accuracy	100.0%
Values	Daily Returns

Artisan Emerging Markets  vs.  Flakqx

Artisan Emerging Markets

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Artisan Emerging Markets are ranked lower than 21 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Artisan Emerging showed solid returns over the last few months and may actually be approaching a breakup point.

Flakqx

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Flakqx are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Flakqx may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Artisan Emerging and Flakqx

The main advantage of trading using opposite Artisan Emerging and Flakqx positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Artisan Emerging position performs unexpectedly, Flakqx can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Flakqx will offset losses from the drop in Flakqx's long position.

The idea behind Artisan Emerging Markets and Flakqx pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.