Embark Commodity Correlations

ECSWX Fund

10.72 0.04 0.37%

The current 90-days correlation between Embark Commodity Strategy and Old Westbury Short Term is -0.12 (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

Average diversification

The correlation between Embark Commodity Strategy and DJI is 0.17 (i.e., Average 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 housing.

Moving together with Embark Mutual Fund

1.0

ECSQX

Embark Commodity Strategy

Pair Corr

Moving against Embark Mutual Fund

0.79	HNMGX	Harbor Mid Cap	Pair Corr
0.78	HIMGX	Harbor Mid Cap	Pair Corr
0.52	HISWX	Harbor Strategic Growth	Pair Corr
0.51	HISGX	Harbor Small Cap	Pair Corr
0.5	HNGSX	Harbor Strategic Growth	Pair Corr
0.49	HISVX	Harbor Small Cap	Pair Corr
0.48	HNSGX	Harbor Small Cap	Pair Corr
0.48	HNVRX	Harbor Small Cap	Pair Corr
0.47	HRCAX	Harbor Capital Appre	Pair Corr
0.46	HNACX	Harbor Capital Appre	Pair Corr
0.41	HIMVX	Harbor Mid Cap	Pair Corr
0.41	HILVX	Harbor Large Cap	Pair Corr
0.41	HNLVX	Harbor Large Cap	Pair Corr
0.4	HNMVX	Harbor Mid Cap	Pair Corr
0.38	ESCWX	Embark Small Cap	Pair Corr
0.38	ESCQX	Embark Small Cap	Pair Corr
0.79	HRMGX	Harbor Mid Cap	Pair Corr
0.79	HAMGX	Harbor Mid Cap	Pair Corr
0.52	MVSGX	Harbor Strategic Growth	Pair Corr
0.49	HRSGX	Harbor Small Cap	Pair Corr
0.49	HSVRX	Harbor Small Cap	Pair Corr
0.48	HASCX	Harbor Small Cap	Pair Corr
0.48	HASGX	Harbor Small Cap	Pair Corr
0.48	HCAIX	Harbor Capital Appre	Pair Corr
0.46	HACAX	Harbor Capital Appre	Pair Corr
0.41	HRLVX	Harbor Large Cap	Pair Corr

Related Correlations Analysis

	OWSBX	MWUIX	TASTX	CDICX	PRWBX	TSDCX
OWSBX		0.93	0.95	0.96	0.96	0.89	OWSBX
MWUIX	0.93		0.96	0.95	0.92	0.95	MWUIX
TASTX	0.95	0.96		0.99	0.95	0.94	TASTX
CDICX	0.96	0.95	0.99		0.94	0.92	CDICX
PRWBX	0.96	0.92	0.95	0.94		0.92	PRWBX
TSDCX	0.89	0.95	0.94	0.92	0.92		TSDCX
	OWSBX	MWUIX	TASTX	CDICX	PRWBX	TSDCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OWSBX	0.07	0.01	0.28	(0.39)	(0.14)	0.20	(0.10)	0.50
MWUIX	0.08	0.02	0.00	0.91	0.00	0.24	(0.24)	0.98
TASTX	0.08	0.02	0.30	3.50	(0.18)	0.21	(0.10)	0.72
CDICX	0.09	0.02	0.33	0.73	(0.13)	0.26	(0.13)	0.65
PRWBX	0.09	0.02	0.17	(0.43)	(0.25)	0.22	(0.22)	0.66
TSDCX	0.05	0.01	0.00	3.11	0.00	0.11	(0.11)	0.66

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