Harbor International Correlations

Mutual Funds . USA . 
Fund . Harbor International Fund
HAINX Fund  USD 52.75  0.65  1.22%   
The current 90-days correlation between Harbor International and Massmutual Premier High is 0.39 (i.e., Weak diversification). The correlation of Harbor International 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.

Harbor International Correlation With Market

Very poor diversification

The correlation between Harbor International Fund 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 Harbor International Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harbor International Fund. 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 board of governors.

Moving together with Harbor Mutual Fund

  0.96HICSX Harbor Vertible SecuPairCorr
  1.0HIIDX Harbor DiversifiedPairCorr
  1.0HIINX Harbor InternationalPairCorr
  0.99HIISX Harbor InternationalPairCorr
  0.93HIMVX Harbor Mid CapPairCorr
  0.95HILVX Harbor Large CapPairCorr
  0.92HISVX Harbor Small CapPairCorr
  0.97HISGX Harbor Small CapPairCorr
  0.93HMCLX Harbor Mid CapPairCorr
  0.93HMCNX Harbor Mid CapPairCorr
  0.87HMCRX Harbor Mid CapPairCorr
  0.96HNCVX Harbor Vertible SecuPairCorr
  0.97HNINX Harbor InternationalPairCorr
  0.99HNISX Harbor InternationalPairCorr
  0.99HNICX Harbor InternationalPairCorr
  1.0HNIDX Harbor DiversifiedPairCorr
  0.93HNMVX Harbor Mid CapPairCorr
  0.95HNLVX Harbor Large CapPairCorr
  0.97HNSGX Harbor Small CapPairCorr
  0.92HNVRX Harbor Small CapPairCorr
  0.97HRCAX Harbor Capital ApprePairCorr
  0.96HRCSX Harbor Vertible SecuPairCorr
  1.0HRIDX Harbor DiversifiedPairCorr
  1.0HRINX Harbor InternationalPairCorr
  0.99HRISX Harbor InternationalPairCorr
  0.93HRMVX Harbor Mid CapPairCorr
  0.96HRLVX Harbor Large CapPairCorr
  0.97HRSGX Harbor Small CapPairCorr
  0.97HACAX Harbor Capital ApprePairCorr
  0.96HACSX Harbor Vertible SecuPairCorr
  0.99HAISX Harbor InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Harbor Mutual Fund performing well and Harbor International 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 Harbor International'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.

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