Embark Small Correlations

ESCWX Fund

11.23 0.15 1.35%

The current 90-days correlation between Embark Small Cap and Diamond Hill Large is 0.54 (i.e., Very 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

Weak diversification

The correlation between Embark Small Cap and DJI is 0.37 (i.e., Weak 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 housing.

Moving together with Embark Mutual Fund

0.81	HICSX	Harbor Vertible Secu	Pair Corr
0.61	HIMGX	Harbor Mid Cap	Pair Corr
0.82	HIMVX	Harbor Mid Cap	Pair Corr
0.64	HILVX	Harbor Large Cap	Pair Corr
0.97	HISVX	Harbor Small Cap	Pair Corr
0.83	HISGX	Harbor Small Cap	Pair Corr
0.89	HMCLX	Harbor Mid Cap	Pair Corr
0.89	HMCNX	Harbor Mid Cap	Pair Corr
0.89	HMCRX	Harbor Mid Cap	Pair Corr
0.64	HNACX	Harbor Capital Appre	Pair Corr
0.8	HNCVX	Harbor Vertible Secu	Pair Corr
1.0	ESCQX	Embark Small Cap	Pair Corr
0.82	HNMVX	Harbor Mid Cap	Pair Corr
0.64	HNLVX	Harbor Large Cap	Pair Corr
0.73	HNMGX	Harbor Mid Cap	Pair Corr
0.86	HNSGX	Harbor Small Cap	Pair Corr
0.97	HNVRX	Harbor Small Cap	Pair Corr
0.63	HRCAX	Harbor Capital Appre	Pair Corr
0.81	HRCSX	Harbor Vertible Secu	Pair Corr
0.74	HRMGX	Harbor Mid Cap	Pair Corr
0.82	HRMVX	Harbor Mid Cap	Pair Corr
0.64	HRLVX	Harbor Large Cap	Pair Corr
0.84	HRSGX	Harbor Small Cap	Pair Corr
0.64	HACAX	Harbor Capital Appre	Pair Corr

Related Correlations Analysis

	DHLYX	FOSBX	LMOIX	GWEIX	RRRZX
DHLYX		0.94	0.87	0.73	0.91	DHLYX
FOSBX	0.94		0.95	0.89	0.89	FOSBX
LMOIX	0.87	0.95		0.95	0.8	LMOIX
GWEIX	0.73	0.89	0.95		0.69	GWEIX
RRRZX	0.91	0.89	0.8	0.69		RRRZX
	DHLYX	FOSBX	LMOIX	GWEIX	RRRZX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHLYX	0.73	(0.13)	0.00	(0.24)	0.00	0.00	1.13	(1.32)	11.01
FOSBX	0.91	(0.09)	0.00	(0.11)	0.00	0.00	1.58	(1.57)	12.45
LMOIX	1.06	(0.01)	(0.02)	0.05	1.84	(0.99)	1.78	(1.66)	12.41
GWEIX	0.91	0.03	0.00	0.12	1.15	(1.03)	1.77	(1.65)	10.70
RRRZX	0.90	(0.13)	0.00	(0.21)	0.00	0.00	1.61	(1.68)	5.76

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Embark Small Correlations

Embark Small Correlation With Market

Weak diversification

Moving together with Embark Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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