Embark Small Correlations

Mutual Funds USA . 
Fund . Embark Small Cap
ESCWX Fund   11.01  0.16  1.47%   
The current 90-days correlation between Embark Small Cap and Harbor Vertible Securities is -0.09 (i.e., Good 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

Good diversification

The correlation between Embark Small Cap and DJI is -0.14 (i.e., Good 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 housing.

Moving together with Embark Mutual Fund

  0.96HICSX Harbor Vertible SecuPairCorr
  0.96HIIDX Harbor DiversifiedPairCorr
  0.94HIINX Harbor InternationalPairCorr
  0.95HIISX Harbor InternationalPairCorr
  0.97HIMVX Harbor Mid CapPairCorr
  0.97HILVX Harbor Large CapPairCorr
  0.97HISVX Harbor Small CapPairCorr
  0.98HISGX Harbor Small CapPairCorr
  0.97HMCLX Harbor Mid CapPairCorr
  0.97HMCNX Harbor Mid CapPairCorr
  0.97HMCRX Harbor Mid CapPairCorr
  0.97HNACX Harbor Capital ApprePairCorr
  0.96HNCVX Harbor Vertible SecuPairCorr
  0.98ESCQX Embark Small CapPairCorr
  0.94HNINX Harbor InternationalPairCorr
  0.95HNISX Harbor InternationalPairCorr
  0.91HNICX Harbor InternationalPairCorr
  0.96HNIDX Harbor DiversifiedPairCorr
  0.97HNMVX Harbor Mid CapPairCorr
  0.97HNLVX Harbor Large CapPairCorr
  0.96HNSGX Harbor Small CapPairCorr
  0.97HNVRX Harbor Small CapPairCorr
  0.61ECSWX Embark Commodity StrategyPairCorr
  0.61ECSQX Embark Commodity StrategyPairCorr
  0.97HRCAX Harbor Capital ApprePairCorr
  0.65HRBDX Harbor Bond FundPairCorr
  0.96HRCSX Harbor Vertible SecuPairCorr
  0.96HRIDX Harbor DiversifiedPairCorr
  0.94HRINX Harbor InternationalPairCorr
  0.95HRISX Harbor InternationalPairCorr
  0.97HRMVX Harbor Mid CapPairCorr
  0.99HRLVX Harbor Large CapPairCorr
  0.96HRSGX Harbor Small CapPairCorr
  0.97HACAX Harbor Capital ApprePairCorr
  0.61HACBX Harbor Core BondPairCorr
  0.96HACSX Harbor Vertible SecuPairCorr
  0.67HABDX Harbor Bond FundPairCorr
  0.94HAINX 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  0.89  0.33  0.15 (1.05) 0.71 
(1.10)
 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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