Harbor Capital Correlations

HRCAX Fund

USD 100.57 2.57 2.49%

The current 90-days correlation between Harbor Capital Appre and Harbor Capital Appreciation is 1.0 (i.e., No risk reduction). The correlation of Harbor Capital 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 Capital Correlation With Market

Very weak diversification

The correlation between Harbor Capital Appreciation and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harbor Capital Appreciation 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 Capital Appreciation. 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 nation.

Moving together with Harbor Mutual Fund

0.83	HICSX	Harbor Vertible Secu	Pair Corr
0.85	HIMVX	Harbor Mid Cap	Pair Corr
0.66	HILVX	Harbor Large Cap	Pair Corr
0.84	HISVX	Harbor Small Cap	Pair Corr
0.91	HISGX	Harbor Small Cap	Pair Corr
0.77	HMCLX	Harbor Mid Cap	Pair Corr
0.77	HMCNX	Harbor Mid Cap	Pair Corr
0.77	HMCRX	Harbor Mid Cap	Pair Corr
1.0	HNACX	Harbor Capital Appre	Pair Corr
0.81	HNCVX	Harbor Vertible Secu	Pair Corr
0.88	ESCWX	Embark Small Cap	Pair Corr
0.89	ESCQX	Embark Small Cap	Pair Corr
0.84	HNMVX	Harbor Mid Cap	Pair Corr
0.65	HNLVX	Harbor Large Cap	Pair Corr
0.9	HNSGX	Harbor Small Cap	Pair Corr
0.84	HNVRX	Harbor Small Cap	Pair Corr
0.81	HRCSX	Harbor Vertible Secu	Pair Corr
0.85	HRMVX	Harbor Mid Cap	Pair Corr
0.66	HRLVX	Harbor Large Cap	Pair Corr
0.91	HRSGX	Harbor Small Cap	Pair Corr
1.0	HACAX	Harbor Capital Appre	Pair Corr

Moving against Harbor Mutual Fund

0.6	HRBDX	Harbor Bond Fund	Pair Corr
0.57	HIINX	Harbor International	Pair Corr
0.57	HNINX	Harbor International	Pair Corr
0.54	HIISX	Harbor International	Pair Corr
0.54	HNISX	Harbor International	Pair Corr
0.5	HIIDX	Harbor Diversified	Pair Corr
0.5	HNIDX	Harbor Diversified	Pair Corr
0.5	HRIDX	Harbor Diversified	Pair Corr
0.62	HACBX	Harbor Core Bond	Pair Corr
0.62	HCBRX	Harbor Core Bond	Pair Corr
0.6	HABDX	Harbor Bond Fund	Pair Corr
0.6	HBFRX	Harbor Bond Fund	Pair Corr
0.57	HRINX	Harbor International	Pair Corr
0.57	HAINX	Harbor International	Pair Corr
0.54	HRISX	Harbor International	Pair Corr
0.54	HAISX	Harbor International	Pair Corr

Related Correlations Analysis

	HCAIX	HRINX	HRSGX	CGFFX	RGEBX
HCAIX		-0.57	0.9	0.86	0.87	HCAIX
HRINX	-0.57		-0.67	-0.42	-0.43	HRINX
HRSGX	0.9	-0.67		0.87	0.88	HRSGX
CGFFX	0.86	-0.42	0.87		1.0	CGFFX
RGEBX	0.87	-0.43	0.88	1.0		RGEBX
	HCAIX	HRINX	HRSGX	CGFFX	RGEBX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RGEBX	+ 1.0	CGFFX
HRSGX	+ 0.9	HCAIX
RGEBX	+ 0.88	HRSGX
RGEBX	+ 0.87	HCAIX
CGFFX	+ 0.87	HRSGX
CGFFX	+ 0.86	HCAIX

High negative correlations

HRSGX	- 0.67	HRINX
HRINX	- 0.57	HCAIX
RGEBX	- 0.43	HRINX
CGFFX	- 0.42	HRINX

Risk-Adjusted Indicators

There is a big difference between Harbor Mutual Fund performing well and Harbor Capital 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 Capital'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
HCAIX	1.31	(0.28)	0.00	(0.24)	0.00	0.00	2.14	(3.10)	10.01
HRINX	0.64	0.12	0.15	0.20	0.68	(0.69)	1.36	(1.03)	5.35
HRSGX	1.22	(0.18)	0.00	0.91	0.00	0.00	1.92	(3.19)	5.62
CGFFX	0.97	(0.06)	0.00	(0.05)	0.00	0.00	1.82	(2.13)	5.57
RGEBX	0.97	(0.06)	0.00	(0.06)	0.00	0.00	1.82	(2.13)	5.56

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC