Artisan Thematic Fund Market Value
APDTX Fund | USD 21.49 0.20 0.92% |
Symbol | Artisan |
Artisan Thematic '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 Thematic'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 Thematic.
04/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Artisan Thematic on April 14, 2024 and sell it all today you would earn a total of 0.00 from holding Artisan Thematic Fund or generate 0.0% return on investment in Artisan Thematic over 30 days. Artisan Thematic is related to or competes with American Funds, American Funds, Growth Fund, and Growth Fund. The funds investment approach is based on idea generation, a systematic framework for analyzing companies and proactive ... More
Artisan Thematic 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 Thematic'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 Thematic Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.915 | |||
Information Ratio | 0.0288 | |||
Maximum Drawdown | 3.97 | |||
Value At Risk | (1.23) | |||
Potential Upside | 1.63 |
Artisan Thematic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artisan Thematic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artisan Thematic's standard deviation. In reality, there are many statistical measures that can use Artisan Thematic historical prices to predict the future Artisan Thematic's volatility.Risk Adjusted Performance | 0.0743 | |||
Jensen Alpha | 0.0881 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.0305 | |||
Treynor Ratio | 0.5864 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Artisan Thematic'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 Thematic Backtested Returns
We consider Artisan Thematic very steady. Artisan Thematic secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Artisan Thematic Fund, which you can use to evaluate the volatility of the entity. Please confirm Artisan Thematic's Risk Adjusted Performance of 0.0743, mean deviation of 0.7788, and Downside Deviation of 0.915 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Artisan Thematic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Artisan Thematic is expected to be smaller as well.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Artisan Thematic Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Artisan Thematic time series from 14th of April 2024 to 29th of April 2024 and 29th of April 2024 to 14th 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 Thematic price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Artisan Thematic price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.11 | |
Spearman Rank Test | -0.16 | |
Residual Average | 0.0 | |
Price Variance | 0.15 |
Artisan Thematic lagged returns against current returns
Autocorrelation, which is Artisan Thematic 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 Thematic's mutual fund expected returns. We can calculate the autocorrelation of Artisan Thematic returns to help us make a trade decision. For example, suppose you find that Artisan Thematic 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 Thematic 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 Thematic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artisan Thematic 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 Thematic mutual fund over time.
Current vs Lagged Prices |
Timeline |
Artisan Thematic Lagged Returns
When evaluating Artisan Thematic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artisan Thematic mutual fund have on its future price. Artisan Thematic 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 Thematic autocorrelation shows the relationship between Artisan Thematic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Artisan Thematic Fund.
Regressed Prices |
Timeline |
Pair Trading with Artisan Thematic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Artisan Thematic position performs unexpectedly, the other equity 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 Artisan Thematic will appreciate offsetting losses from the drop in the long position's value.Moving together with Artisan Mutual Fund
0.84 | APDWX | Artisan Value Income | PairCorr |
0.84 | APDYX | Artisan Developing World | PairCorr |
0.71 | APDUX | Artisan Floating Rate | PairCorr |
The ability to find closely correlated positions to Artisan Thematic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artisan Thematic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Artisan Thematic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Artisan Thematic Fund to buy it.
The correlation of Artisan Thematic 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Artisan Thematic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artisan Thematic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Artisan Thematic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Artisan Thematic Correlation, Artisan Thematic Volatility and Artisan Thematic Alpha and Beta module to complement your research on Artisan Thematic. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Artisan Thematic 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.