Harbor Long Correlations

WINN Etf  USD 25.89  0.14  0.54%   
The current 90-days correlation between Harbor Long Term and Weis Markets is -0.22 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harbor Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harbor Long Term Growers moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Harbor Long Correlation With Market

Poor diversification

The correlation between Harbor Long Term Growers and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harbor Long Term Growers and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Harbor Long Term Growers. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Harbor Etf

  0.99VUG Vanguard Growth IndexPairCorr
  0.99IWF iShares Russell 1000PairCorr
  1.0IVW iShares SP 500PairCorr
  1.0SPYG SPDR Portfolio SPPairCorr
  1.0IUSG iShares Core SPPairCorr
  0.99VONG Vanguard Russell 1000PairCorr
  0.99MGK Vanguard Mega CapPairCorr
  0.99VRGWX Vanguard Russell 1000PairCorr
  0.99QQQM Invesco NASDAQ 100PairCorr
  0.99IWY iShares Russell TopPairCorr
  0.85WGMI Valkyrie Bitcoin MinersPairCorr
  0.87HPQ HP IncPairCorr
  0.93AXP American ExpressPairCorr
  0.75WMT WalmartPairCorr
  0.63CAT CaterpillarPairCorr
  0.67AA Alcoa CorpPairCorr
  0.75MSFT Microsoft Aggressive PushPairCorr
  0.86BAC Bank of America Aggressive PushPairCorr

Moving against Harbor Etf

  0.68PMBS PIMCO Mortgage BackedPairCorr
  0.62FXY Invesco CurrencySharesPairCorr
  0.62JNJ Johnson JohnsonPairCorr
  0.55AMPD Tidal Trust IIPairCorr
  0.51T ATT Inc Aggressive PushPairCorr
  0.75TRV The Travelers CompaniesPairCorr
  0.73VZ Verizon Communications Sell-off TrendPairCorr
  0.56KO Coca Cola Sell-off TrendPairCorr
  0.49XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.41CVX Chevron CorpPairCorr

Related Correlations Analysis

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   
SPTNWMK
VLGEAWMK
IMKTAVLGEA
SPTNVLGEA
  
High negative correlations   
XRTXVLGEA
IMKTAWMK
XRTXSPTN
SPTNIMKTA
XRTXWMK
XRTXIMKTA

Harbor Long Constituents Risk-Adjusted Indicators

There is a big difference between Harbor Etf performing well and Harbor Long ETF 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 Long'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.