Embark Small Correlations

Mutual Funds . USA . 
Fund . Embark Small Cap
ESCQX Fund   10.95  0.07  0.64%   
The current 90-days correlation between Embark Small Cap and Harbor Vertible Securities is 0.87 (i.e., Very poor diversification). The correlation of Embark Small 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.

Embark Small Correlation With Market

Very poor diversification

The correlation between Embark Small Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Embark Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Embark Small Cap. 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 producer price index.

Moving together with Embark Mutual Fund

  0.97HICSX Harbor Vertible SecuPairCorr
  0.97HIIDX Harbor DiversifiedPairCorr
  0.95HIINX Harbor InternationalPairCorr
  0.95HIISX Harbor InternationalPairCorr
  0.99HIMVX Harbor Mid CapPairCorr
  0.99HILVX Harbor Large CapPairCorr
  0.99HISVX Harbor Small CapPairCorr
  0.98HISGX Harbor Small CapPairCorr
  1.0HMCLX Harbor Mid CapPairCorr
  1.0HMCNX Harbor Mid CapPairCorr
  1.0HMCRX Harbor Mid CapPairCorr
  0.98HNACX Harbor Capital ApprePairCorr
  0.97HNCVX Harbor Vertible SecuPairCorr
  1.0ESCWX Embark Small CapPairCorr
  0.95HNINX Harbor InternationalPairCorr
  0.95HNISX Harbor InternationalPairCorr
  0.92HNICX Harbor InternationalPairCorr
  0.97HNIDX Harbor DiversifiedPairCorr
  0.99HNMVX Harbor Mid CapPairCorr
  0.99HNLVX Harbor Large CapPairCorr
  0.98HNSGX Harbor Small CapPairCorr
  0.99HNVRX Harbor Small CapPairCorr
  0.61ECSQX Embark Commodity StrategyPairCorr
  0.98HRCAX Harbor Capital ApprePairCorr
  0.67HRBDX Harbor Bond FundPairCorr
  0.97HRCSX Harbor Vertible SecuPairCorr
  0.97HRIDX Harbor DiversifiedPairCorr
  0.95HRINX Harbor InternationalPairCorr
  0.95HRISX Harbor InternationalPairCorr
  0.99HRMVX Harbor Mid CapPairCorr
  0.99HRLVX Harbor Large CapPairCorr
  0.98HRSGX Harbor Small CapPairCorr
  0.98HACAX Harbor Capital ApprePairCorr
  0.62HACBX Harbor Core BondPairCorr
  0.97HACSX Harbor Vertible SecuPairCorr
  0.69HABDX Harbor Bond FundPairCorr
  0.95HAINX Harbor InternationalPairCorr
  0.95HAISX Harbor InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Embark Mutual Fund performing well and Embark Small 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 Embark Small'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HICSX  0.44  0.13  0.11  0.43  0.00 
(0.56)
 1.06 
(0.60)
 2.66 
HIIDX  0.48  0.15  0.11  0.50  0.26 
(0.59)
 1.21 
(0.87)
 3.13 
HIINX  0.54  0.13  0.06  0.43  0.45 
(0.58)
 1.17 
(1.13)
 3.22 
HIISX  0.52  0.19  0.14  0.86  0.15 
(0.62)
 1.32 
(0.94)
 2.84 
HIMVX  0.77  0.07  0.07  0.21  0.71 
(0.84)
 1.97 
(1.31)
 5.85 
HILVX  0.65  0.06  0.04  0.20  0.69 
(0.76)
 1.79 
(1.38)
 4.24 
HISVX  0.91  0.10  0.10  0.23  0.77 
(1.08)
 2.08 
(1.80)
 6.21 
HISGX  0.88  0.13  0.12  0.26  0.74 
(1.09)
 2.36 
(1.53)
 6.08 
HMCLX  0.73  0.04  0.04  0.17  0.69 
(0.81)
 2.06 
(1.51)
 5.73 
HMCNX  0.74  0.04  0.03  0.17  0.68 
(0.85)
 2.06 
(1.45)
 5.81 

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