Harbor International Correlations

Mutual Funds . USA . 
Fund . Harbor International Small
HAISX Fund  USD 16.54  0.01  0.06%   
The current 90-days correlation between Harbor International and Harbor Vertible Securities 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

Weak diversification

The correlation between Harbor International Small and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harbor International Small 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 Small. 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 state.

Moving together with Harbor Mutual Fund

  0.95HICSX Harbor Vertible SecuPairCorr
  0.97HIIDX Harbor DiversifiedPairCorr
  0.97HIINX Harbor InternationalPairCorr
  1.0HIISX Harbor InternationalPairCorr
  0.93HIMVX Harbor Mid CapPairCorr
  0.96HILVX Harbor Large CapPairCorr
  0.95HISVX Harbor Small CapPairCorr
  0.98HISGX Harbor Small CapPairCorr
  0.94HMCLX Harbor Mid CapPairCorr
  0.94HMCNX Harbor Mid CapPairCorr
  0.95HMCRX Harbor Mid CapPairCorr
  0.96HNACX Harbor Capital ApprePairCorr
  0.95HNCVX Harbor Vertible SecuPairCorr
  0.95ESCWX Embark Small CapPairCorr
  0.95ESCQX Embark Small CapPairCorr
  0.97HNINX Harbor InternationalPairCorr
  1.0HNISX Harbor InternationalPairCorr
  0.91HNICX Harbor InternationalPairCorr
  0.97HNIDX Harbor DiversifiedPairCorr
  0.93HNMVX Harbor Mid CapPairCorr
  0.96HNLVX Harbor Large CapPairCorr
  0.98HNSGX Harbor Small CapPairCorr
  0.95HNVRX Harbor Small CapPairCorr
  0.66ECSWX Embark Commodity StrategyPairCorr
  0.66ECSQX Embark Commodity StrategyPairCorr
  0.96HRCAX Harbor Capital ApprePairCorr
  0.77HRBDX Harbor Bond FundPairCorr
  0.95HRCSX Harbor Vertible SecuPairCorr
  0.97HRIDX Harbor DiversifiedPairCorr
  0.97HRINX Harbor InternationalPairCorr
  1.0HRISX Harbor InternationalPairCorr
  0.93HRMVX Harbor Mid CapPairCorr
  0.96HRLVX Harbor Large CapPairCorr
  0.98HRSGX Harbor Small CapPairCorr
  0.96HACAX Harbor Capital ApprePairCorr
  0.73HACBX Harbor Core BondPairCorr
  0.95HACSX Harbor Vertible SecuPairCorr
  0.78HABDX Harbor Bond FundPairCorr
  0.97HAINX 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.
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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