Harbor International Correlations

HNISX Fund

USD 14.60 0.11 0.75%

The current 90-days correlation between Harbor International and Rmb Mendon Financial is -0.19 (i.e., Good 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 Small and DJI is -0.19 (i.e., Good 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

0.77	HIIDX	Harbor Diversified	Pair Corr
0.93	HIINX	Harbor International	Pair Corr
0.97	HNINX	Harbor International	Pair Corr
0.72	ECSWX	Embark Commodity Strategy	Pair Corr
0.82	HRBDX	Harbor Bond Fund	Pair Corr
0.98	HRIDX	Harbor Diversified	Pair Corr
0.93	HRINX	Harbor International	Pair Corr
0.86	HACBX	Harbor Core Bond	Pair Corr
0.85	HABDX	Harbor Bond Fund	Pair Corr
0.97	HAINX	Harbor International	Pair Corr
0.89	HAIDX	Harbor Diversified	Pair Corr
0.69	HAONX	Harbor Overseas	Pair Corr
0.85	HAORX	Harbor Overseas	Pair Corr

Moving against Harbor Mutual Fund

0.76	HISVX	Harbor Small Cap	Pair Corr
0.76	HNVRX	Harbor Small Cap	Pair Corr
0.68	ESCQX	Embark Small Cap	Pair Corr
0.67	HISGX	Harbor Small Cap	Pair Corr
0.66	HNSGX	Harbor Small Cap	Pair Corr
0.61	ESCWX	Embark Small Cap	Pair Corr
0.59	HMCNX	Harbor Mid Cap	Pair Corr
0.58	HMCLX	Harbor Mid Cap	Pair Corr
0.58	HMCRX	Harbor Mid Cap	Pair Corr
0.54	HRCAX	Harbor Capital Appre	Pair Corr
0.53	HNACX	Harbor Capital Appre	Pair Corr
0.44	HIMGX	Harbor Mid Cap	Pair Corr
0.44	HIMVX	Harbor Mid Cap	Pair Corr
0.43	HNMVX	Harbor Mid Cap	Pair Corr
0.41	HNCVX	Harbor Vertible Secu	Pair Corr
0.34	HICSX	Harbor Vertible Secu	Pair Corr
0.34	HRCSX	Harbor Vertible Secu	Pair Corr
0.74	HASCX	Harbor Small Cap	Pair Corr
0.74	HSVRX	Harbor Small Cap	Pair Corr
0.66	HRSGX	Harbor Small Cap	Pair Corr
0.66	HASGX	Harbor Small Cap	Pair Corr
0.54	HACAX	Harbor Capital Appre	Pair Corr
0.54	HCAIX	Harbor Capital Appre	Pair Corr
0.44	HRMVX	Harbor Mid Cap	Pair Corr
0.43	HAMVX	Harbor Mid Cap	Pair Corr
0.43	HAMGX	Harbor Mid Cap	Pair Corr

Related Correlations Analysis

	RMBLX	RMBKX	XFINX	IAAEX	FAFSX	MSVIX	BTO	PSSRX
RMBLX		0.94	0.42	0.29	0.91	0.86	0.93	0.92	RMBLX
RMBKX	0.94		0.51	0.09	0.91	0.82	0.94	0.93	RMBKX
XFINX	0.42	0.51		0.01	0.55	0.3	0.48	0.55	XFINX
IAAEX	0.29	0.09	0.01		0.33	0.15	0.2	0.31	IAAEX
FAFSX	0.91	0.91	0.55	0.33		0.83	0.94	0.99	FAFSX
MSVIX	0.86	0.82	0.3	0.15	0.83		0.92	0.82	MSVIX
BTO	0.93	0.94	0.48	0.2	0.94	0.92		0.94	BTO
PSSRX	0.92	0.93	0.55	0.31	0.99	0.82	0.94		PSSRX
	RMBLX	RMBKX	XFINX	IAAEX	FAFSX	MSVIX	BTO	PSSRX

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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
RMBLX	1.05	(0.07)	0.00	(0.07)	0.00	0.00	2.20	(2.08)	6.78
RMBKX	1.08	(0.10)	0.00	(0.10)	0.00	0.00	2.19	(2.09)	6.79
XFINX	0.14	0.01	0.02	(0.23)	0.19	(0.17)	0.29	(0.28)	1.27
IAAEX	0.81	(0.12)	0.00	0.99	0.00	0.00	1.41	(1.48)	9.17
FAFSX	0.85	(0.01)	(0.01)	(0.01)	1.33	(0.78)	1.71	(2.10)	6.26
MSVIX	0.83	(0.05)	0.00	(0.05)	0.00	0.00	1.60	(1.74)	4.25
BTO	1.02	(0.03)	0.00	(0.03)	0.00	0.00	2.14	(2.22)	6.87
PSSRX	0.89	(0.02)	0.00	(0.02)	0.00	0.00	1.85	(2.02)	6.03

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