Embark Commodity Correlations

ECSWX Fund

10.90 0.07 0.65%

The current 90-days correlation between Embark Commodity Strategy and Harbor Vertible Securities is -0.1 (i.e., Good diversification). The correlation of Embark Commodity 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 Commodity Correlation With Market

Good diversification

The correlation between Embark Commodity Strategy 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 Embark Commodity Strategy 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 Commodity Strategy. 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 services.

Moving together with Embark Mutual Fund

0.9	ECSQX	Embark Commodity Strategy	Pair Corr
0.64	HABDX	Harbor Bond Fund	Pair Corr

Moving against Embark Mutual Fund

0.86	HNLVX	Harbor Large Cap	Pair Corr
0.83	HIISX	Harbor International	Pair Corr
0.83	HNISX	Harbor International	Pair Corr
0.82	HIIDX	Harbor Diversified	Pair Corr
0.81	HNIDX	Harbor Diversified	Pair Corr
0.81	HRIDX	Harbor Diversified	Pair Corr
0.78	HNMVX	Harbor Mid Cap	Pair Corr
0.68	HNACX	Harbor Capital Appre	Pair Corr
0.68	HRCAX	Harbor Capital Appre	Pair Corr
0.67	HIINX	Harbor International	Pair Corr
0.57	HISVX	Harbor Small Cap	Pair Corr
0.55	HNVRX	Harbor Small Cap	Pair Corr
0.54	HISGX	Harbor Small Cap	Pair Corr
0.53	HICSX	Harbor Vertible Secu	Pair Corr
0.53	HNCVX	Harbor Vertible Secu	Pair Corr
0.53	HNSGX	Harbor Small Cap	Pair Corr
0.51	HIMVX	Harbor Mid Cap	Pair Corr
0.5	HILVX	Harbor Large Cap	Pair Corr
0.42	HRCSX	Harbor Vertible Secu	Pair Corr
0.32	HMCNX	Harbor Mid Cap	Pair Corr
0.83	HRISX	Harbor International	Pair Corr
0.83	HAISX	Harbor International	Pair Corr
0.81	HAIDX	Harbor Diversified	Pair Corr
0.67	HAONX	Harbor Overseas	Pair Corr
0.67	HAOSX	Harbor Overseas	Pair Corr
0.66	HAORX	Harbor Overseas	Pair Corr
0.57	HASCX	Harbor Small Cap	Pair Corr
0.55	HSVRX	Harbor Small Cap	Pair Corr
0.54	HRSGX	Harbor Small Cap	Pair Corr
0.53	HASGX	Harbor Small Cap	Pair Corr
0.51	HRMVX	Harbor Mid Cap	Pair Corr
0.51	HAMVX	Harbor Mid Cap	Pair Corr

Related Correlations Analysis

	HICSX	HIIDX	HIINX	HIISX	HIMVX	HILVX	HISVX	HISGX	HMCLX	HMCNX
HICSX		0.73	0.84	0.75	0.67	0.73	0.78	0.89	0.67	0.68	HICSX
HIIDX	0.73		0.93	0.97	0.83	0.81	0.87	0.83	0.66	0.69	HIIDX
HIINX	0.84	0.93		0.94	0.88	0.9	0.94	0.9	0.8	0.82	HIINX
HIISX	0.75	0.97	0.94		0.84	0.84	0.88	0.83	0.67	0.7	HIISX
HIMVX	0.67	0.83	0.88	0.84		0.96	0.96	0.88	0.93	0.94	HIMVX
HILVX	0.73	0.81	0.9	0.84	0.96		0.95	0.9	0.95	0.96	HILVX
HISVX	0.78	0.87	0.94	0.88	0.96	0.95		0.94	0.91	0.93	HISVX
HISGX	0.89	0.83	0.9	0.83	0.88	0.9	0.94		0.88	0.89	HISGX
HMCLX	0.67	0.66	0.8	0.67	0.93	0.95	0.91	0.88		1.0	HMCLX
HMCNX	0.68	0.69	0.82	0.7	0.94	0.96	0.93	0.89	1.0		HMCNX
	HICSX	HIIDX	HIINX	HIISX	HIMVX	HILVX	HISVX	HISGX	HMCLX	HMCNX

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Risk-Adjusted Indicators

There is a big difference between Embark Mutual Fund performing well and Embark Commodity 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 Commodity'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
HICSX	0.77	0.00	(0.01)	0.11	0.92	(0.83)	1.80	(1.61)	4.61
HIIDX	0.65	0.15	0.08	0.94	0.55	(0.75)	1.33	(1.13)	6.19
HIINX	0.55	0.04	0.02	0.16	0.49	(0.60)	1.15	(1.16)	2.72
HIISX	0.63	0.15	0.15	0.34	0.35	(0.76)	1.29	(1.01)	8.32
HIMVX	0.63	0.09	0.10	0.21	0.46	(0.71)	1.35	(1.15)	3.20
HILVX	0.56	0.02	(0.01)	0.13	0.49	(0.66)	1.24	(1.01)	2.84
HISVX	0.87	0.12	0.15	0.20	0.70	(1.01)	2.38	(1.63)	5.36
HISGX	0.97	0.06	0.07	0.16	1.04	(1.09)	2.09	(2.06)	5.07
HMCLX	0.67	0.04	0.03	0.15	0.66	(0.73)	1.65	(1.05)	4.65
HMCNX	0.66	0.04	0.04	0.16	0.62	(0.71)	1.58	(1.05)	4.35

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