Embark Small Correlations

Mutual Funds . USA . 
Fund . Embark Small Cap
ESCQX Fund   11.67  0.02  0.17%   
The current 90-days correlation between Embark Small Cap and Federated Strategic Income is 0.34 (i.e., Weak diversification). The correlation of Embark Small 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 Small Correlation With Market

Almost no diversification

The correlation between Embark Small Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Embark Small Cap 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 Small Cap. 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 producer price index.

Moving together with Embark Mutual Fund

  0.89HICSX Harbor Vertible SecuPairCorr
  0.92HIIDX Harbor DiversifiedPairCorr
  0.95HIINX Harbor InternationalPairCorr
  0.92HIISX Harbor InternationalPairCorr
  0.94HIMVX Harbor Mid CapPairCorr
  0.93HILVX Harbor Large CapPairCorr
  0.97HISVX Harbor Small CapPairCorr
  0.95HISGX Harbor Small CapPairCorr
  0.96HMCLX Harbor Mid CapPairCorr
  0.96HMCNX Harbor Mid CapPairCorr
  0.96HMCRX Harbor Mid CapPairCorr
  0.88HNACX Harbor Capital ApprePairCorr
  0.9HNCVX Harbor Vertible SecuPairCorr
  0.97ESCWX Embark Small CapPairCorr
  0.95HNINX Harbor InternationalPairCorr
  0.92HNISX Harbor InternationalPairCorr
  0.79HNICX Harbor InternationalPairCorr
  0.92HNIDX Harbor DiversifiedPairCorr
  0.92HNMVX Harbor Mid CapPairCorr
  0.86HNLVX Harbor Large CapPairCorr
  0.95HNSGX Harbor Small CapPairCorr
  0.97HNVRX Harbor Small CapPairCorr
  0.79ECSWX Embark Commodity StrategyPairCorr
  0.79ECSQX Embark Commodity StrategyPairCorr
  0.88HRCAX Harbor Capital ApprePairCorr
  0.68HRBDX Harbor Bond FundPairCorr
  0.89HRCSX Harbor Vertible SecuPairCorr
  0.92HRIDX Harbor DiversifiedPairCorr
  0.95HRINX Harbor InternationalPairCorr
  0.92HRISX Harbor InternationalPairCorr
  0.94HRMVX Harbor Mid CapPairCorr
  0.93HRLVX Harbor Large CapPairCorr
  0.95HRSGX Harbor Small CapPairCorr
  0.9HACSX Harbor Vertible SecuPairCorr
  0.65HABDX Harbor Bond FundPairCorr
  0.95HAINX Harbor InternationalPairCorr
  0.92HAISX Harbor InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Embark Mutual Fund performing well and Embark Small 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 Small'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.

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