Embark Small Correlations

Mutual Funds . USA . 
Fund . Embark Small Cap
ESCWX Fund   9.94  0.06  0.60%   
The current 90-days correlation between Embark Small Cap and Fundvantage Trust is 0.11 (i.e., Average 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 -0.07 (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

  0.84HICSX Harbor Vertible SecuPairCorr
  0.82HIMVX Harbor Mid CapPairCorr
  0.94HISVX Harbor Small CapPairCorr
  0.94HISGX Harbor Small CapPairCorr
  0.69HMCLX Harbor Mid CapPairCorr
  0.88HMCNX Harbor Mid CapPairCorr
  0.94HMCRX Harbor Mid CapPairCorr
  0.95HNACX Harbor Capital ApprePairCorr
  0.69HNCVX Harbor Vertible SecuPairCorr
  0.94ESCQX Embark Small CapPairCorr
  0.82HNMVX Harbor Mid CapPairCorr
  0.94HNSGX Harbor Small CapPairCorr
  0.76HNVRX Harbor Small CapPairCorr
  0.88HRCAX Harbor Capital ApprePairCorr
  0.84HRCSX Harbor Vertible SecuPairCorr
  0.82HRMVX Harbor Mid CapPairCorr
  0.94HRSGX Harbor Small CapPairCorr
  0.95HACAX Harbor Capital ApprePairCorr

Moving against Embark Mutual Fund

  0.7HIINX Harbor InternationalPairCorr
  0.69HIISX Harbor InternationalPairCorr
  0.51HIIDX Harbor DiversifiedPairCorr
  0.34HISWX Harbor Strategic GrowthPairCorr
  0.74HRBDX Harbor Bond FundPairCorr
  0.7HNINX Harbor InternationalPairCorr
  0.7HRINX Harbor InternationalPairCorr
  0.69HRISX Harbor InternationalPairCorr
  0.67HNISX Harbor InternationalPairCorr
  0.63HNIDX Harbor DiversifiedPairCorr
  0.63HRIDX Harbor DiversifiedPairCorr
  0.34HNGSX Harbor Strategic GrowthPairCorr
  0.74HACBX Harbor Core BondPairCorr
  0.74HABDX Harbor Bond FundPairCorr
  0.7HAINX Harbor InternationalPairCorr
  0.69HAISX Harbor InternationalPairCorr
  0.63HAIDX Harbor DiversifiedPairCorr
  0.57HAORX Harbor OverseasPairCorr

Related Correlations Analysis

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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.

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