Harbor Convertible Correlations
| HICSX Fund | USD 11.68 0.15 1.27% |
The current 90-days correlation between Harbor Vertible Secu and Putnam Vertible Securities is 0.97 (i.e., Almost no diversification). The correlation of Harbor Convertible 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.
Harbor Convertible Correlation With Market
Weak diversification
The correlation between Harbor Vertible Securities and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harbor Vertible Securities and DJI in the same portfolio, assuming nothing else is changed.
Harbor |
Moving together with Harbor Mutual Fund
| 0.74 | HIMGX | Harbor Mid Cap | PairCorr |
| 0.76 | HISVX | Harbor Small Cap | PairCorr |
| 1.0 | HNCVX | Harbor Vertible Secu | PairCorr |
| 0.83 | ESCWX | Embark Small Cap | PairCorr |
| 0.81 | ESCQX | Embark Small Cap | PairCorr |
| 0.74 | HNMGX | Harbor Mid Cap | PairCorr |
| 0.76 | HNVRX | Harbor Small Cap | PairCorr |
| 1.0 | HRCSX | Harbor Vertible Secu | PairCorr |
| 0.74 | HRMGX | Harbor Mid Cap | PairCorr |
Related Correlations Analysis
| 0.95 | 0.94 | 0.92 | 0.78 | PCONX | ||
| 0.95 | 0.97 | 0.81 | 0.62 | PACIX | ||
| 0.94 | 0.97 | 0.8 | 0.55 | LCFYX | ||
| 0.92 | 0.81 | 0.8 | 0.85 | FISCX | ||
| 0.78 | 0.62 | 0.55 | 0.85 | MCNVX | ||
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Risk-Adjusted Indicators
There is a big difference between Harbor Mutual Fund performing well and Harbor Convertible 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 Harbor Convertible'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCONX | 0.51 | 0.02 | (0.02) | 0.14 | 0.59 | 1.05 | 3.59 | |||
| PACIX | 0.49 | 0.04 | 0.01 | 0.23 | 0.56 | 0.98 | 3.16 | |||
| LCFYX | 0.54 | 0.06 | 0.03 | 0.31 | 0.59 | 1.12 | 3.79 | |||
| FISCX | 0.46 | 0.02 | (0.02) | 0.12 | 0.65 | 1.09 | 3.49 | |||
| MCNVX | 0.39 | (0.02) | (0.10) | (0.04) | 0.59 | 0.79 | 2.89 |