Harbor International Correlations
HNGFX Fund | USD 17.62 0.00 0.00% |
The current 90-days correlation between Harbor International and Nuveen Arizona Municipal is 0.01 (i.e., Significant 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
Good diversification
The correlation between Harbor International Growth and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harbor International Growth and DJI in the same portfolio, assuming nothing else is changed.
Harbor |
Moving together with Harbor Mutual Fund
0.75 | HICSX | Harbor Vertible Secu | PairCorr |
1.0 | HIIGX | Harbor International | PairCorr |
0.75 | HIMGX | Harbor Mid Cap | PairCorr |
0.64 | HILVX | Harbor Large Cap | PairCorr |
0.67 | HISGX | Harbor Small Cap | PairCorr |
0.8 | HNACX | Harbor Capital Appre | PairCorr |
0.75 | HNCVX | Harbor Vertible Secu | PairCorr |
0.61 | HNMVX | Harbor Mid Cap | PairCorr |
0.65 | HNLVX | Harbor Large Cap | PairCorr |
0.75 | HNMGX | Harbor Mid Cap | PairCorr |
0.67 | HNSGX | Harbor Small Cap | PairCorr |
0.8 | HRCAX | Harbor Capital Appre | PairCorr |
0.75 | HRCSX | Harbor Vertible Secu | PairCorr |
1.0 | HRIGX | Harbor International | PairCorr |
0.75 | HRMGX | Harbor Mid Cap | PairCorr |
0.61 | HRMVX | Harbor Mid Cap | PairCorr |
0.64 | HRLVX | Harbor Large Cap | PairCorr |
Moving against Harbor Mutual Fund
0.73 | HIISX | Harbor International | PairCorr |
0.57 | HIINX | Harbor International | PairCorr |
0.39 | HIIDX | Harbor Diversified | PairCorr |
0.73 | HNISX | Harbor International | PairCorr |
0.66 | HRBDX | Harbor Bond Fund | PairCorr |
0.56 | HNINX | Harbor International | PairCorr |
0.39 | HRIDX | Harbor Diversified | PairCorr |
0.38 | HNIDX | Harbor Diversified | PairCorr |
0.73 | HRISX | Harbor International | PairCorr |
0.73 | HAISX | Harbor International | PairCorr |
0.69 | HACBX | Harbor Core Bond | PairCorr |
0.65 | HABDX | Harbor Bond Fund | PairCorr |
0.57 | HRINX | Harbor International | PairCorr |
0.57 | HAINX | Harbor International | PairCorr |
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FAZTX | 0.14 | 0.02 | (0.31) | (0.08) | 0.19 | 0.39 | 1.38 | |||
FHYVX | 0.17 | 0.03 | (0.21) | (0.16) | 0.20 | 0.44 | 1.88 | |||
BIDPX | 0.15 | 0.02 | (0.30) | (0.07) | 0.21 | 0.27 | 1.36 | |||
CFNLX | 0.12 | 0.01 | (0.42) | 0.02 | 0.18 | 0.22 | 1.13 | |||
BBINX | 0.12 | 0.01 | (0.41) | 0.01 | 0.15 | 0.29 | 1.07 | |||
PRINX | 0.16 | 0.02 | (0.26) | (0.12) | 0.21 | 0.44 | 1.59 | |||
OKMUX | 0.15 | 0.01 | (0.23) | 0.00 | 0.23 | 0.29 | 1.52 |
Harbor International Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Harbor International mutual fund to make a market-neutral strategy. Peer analysis of Harbor International could also be used in its relative valuation, which is a method of valuing Harbor International by comparing valuation metrics with similar companies.
Risk & Return | Correlation |