Artisan Select Equity Fund Market Value
| APDNX Fund | USD 15.51 0.11 0.71% |
| Symbol | Artisan |
Artisan Select 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Artisan Select's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Artisan Select.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Artisan Select on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Artisan Select Equity or generate 0.0% return on investment in Artisan Select over 720 days. Artisan Select is related to or competes with Artisan Developing, Artisan Focus, Artisan Small, Artisan Global, Artisan Mid, and Artisan International. Under normal market conditions, the fund invests no less than 80 percent of its net assets plus any borrowings for inves... More
Artisan Select Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Artisan Select's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Artisan Select Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.17 |
Artisan Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artisan Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artisan Select's standard deviation. In reality, there are many statistical measures that can use Artisan Select historical prices to predict the future Artisan Select's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.16) |
Artisan Select Equity Backtested Returns
Artisan Select Equity secures Sharpe Ratio (or Efficiency) of -0.0306, which signifies that the fund had a -0.0306% return per unit of risk over the last 3 months. Artisan Select Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Artisan Select's Standard Deviation of 0.7223, mean deviation of 0.5222, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0986, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Artisan Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Artisan Select is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Artisan Select Equity has modest predictability. Overlapping area represents the amount of predictability between Artisan Select time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Artisan Select Equity price movement. The serial correlation of 0.55 indicates that about 55.0% of current Artisan Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Artisan Select Equity lagged returns against current returns
Autocorrelation, which is Artisan Select mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Artisan Select's mutual fund expected returns. We can calculate the autocorrelation of Artisan Select returns to help us make a trade decision. For example, suppose you find that Artisan Select has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Artisan Select regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Artisan Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artisan Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Artisan Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Artisan Select Lagged Returns
When evaluating Artisan Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artisan Select mutual fund have on its future price. Artisan Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Artisan Select autocorrelation shows the relationship between Artisan Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Artisan Select Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Artisan Mutual Fund
Artisan Select financial ratios help investors to determine whether Artisan Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Artisan with respect to the benefits of owning Artisan Select security.
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