Artisan High Income Fund Market Value
| APDFX Fund | USD 8.94 0.01 0.11% |
| Symbol | Artisan |
Artisan High '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 High'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 High.
| 02/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Artisan High on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Artisan High Income or generate 0.0% return on investment in Artisan High over 90 days. Artisan High is related to or competes with Vy Columbia, Siit Small, Old Westbury, Franklin Small, Foundry Partners, and Nt International. Under normal circumstances, the fund will invest primarily in instruments that are rated, at the time of purchase, below... More
Artisan High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2452 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.25 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.453 |
Artisan High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artisan High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artisan High's standard deviation. In reality, there are many statistical measures that can use Artisan High historical prices to predict the future Artisan High's volatility.| Risk Adjusted Performance | 0.0471 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.1284 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Artisan High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Artisan High Income Backtested Returns
We consider Artisan High very steady. Artisan High Income secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Artisan High Income, which you can use to evaluate the volatility of the entity. Please confirm Artisan High's Downside Deviation of 0.2452, risk adjusted performance of 0.0471, and Mean Deviation of 0.1587 to double-check if the risk estimate we provide is consistent with the expected return of 0.0249%. The fund shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Artisan High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Artisan High is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Artisan High Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Artisan High time series from 23rd of February 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of May 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 High Income price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Artisan High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Artisan High Income lagged returns against current returns
Autocorrelation, which is Artisan High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Artisan High returns to help us make a trade decision. For example, suppose you find that Artisan High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artisan High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Artisan High Lagged Returns
When evaluating Artisan High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artisan High mutual fund have on its future price. Artisan High 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 High autocorrelation shows the relationship between Artisan High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Artisan High Income.
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.Check out Artisan High Correlation, Artisan High Volatility and Artisan High Alpha and Beta module to complement your research on Artisan High. Note that the Artisan High Income information on this page should be used as a complementary analysis to other Artisan High's statistical models used 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Artisan High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.