Harbor Mid Correlations

HMCRX Fund

USD 15.22 0.09 0.59%

The current 90-days correlation between Harbor Mid Cap and Wesmark Government Bond is 0.16 (i.e., Average diversification). The correlation of Harbor Mid 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 Mid Correlation With Market

Average diversification

The correlation between Harbor Mid Cap 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 Harbor Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harbor Mid 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 metropolitan statistical area.

Moving together with Harbor Mutual Fund

0.71	HIIDX	Harbor Diversified	Pair Corr
0.65	HIINX	Harbor International	Pair Corr
0.74	HIMVX	Harbor Mid Cap	Pair Corr
0.72	HILVX	Harbor Large Cap	Pair Corr
0.77	HISVX	Harbor Small Cap	Pair Corr
0.7	HISGX	Harbor Small Cap	Pair Corr
0.68	HMCLX	Harbor Mid Cap	Pair Corr
0.92	HMCNX	Harbor Mid Cap	Pair Corr
0.64	HNCVX	Harbor Vertible Secu	Pair Corr
0.7	ESCWX	Embark Small Cap	Pair Corr
0.83	ESCQX	Embark Small Cap	Pair Corr
0.72	HNINX	Harbor International	Pair Corr
0.81	HNMVX	Harbor Mid Cap	Pair Corr
0.77	HNLVX	Harbor Large Cap	Pair Corr
0.84	HNSGX	Harbor Small Cap	Pair Corr
0.77	HNVRX	Harbor Small Cap	Pair Corr
0.77	HRBDX	Harbor Bond Fund	Pair Corr
0.65	HRCSX	Harbor Vertible Secu	Pair Corr
0.7	HRIDX	Harbor Diversified	Pair Corr
0.69	HRINX	Harbor International	Pair Corr
0.81	HRMVX	Harbor Mid Cap	Pair Corr
0.72	HRLVX	Harbor Large Cap	Pair Corr
0.83	HRSGX	Harbor Small Cap	Pair Corr
0.71	HACAX	Harbor Capital Appre	Pair Corr
0.76	HACBX	Harbor Core Bond	Pair Corr
0.77	HABDX	Harbor Bond Fund	Pair Corr
0.69	HAINX	Harbor International	Pair Corr

Related Correlations Analysis

	WMBDX	UGSDX	IVMXX	DPIGX	PBMXX	SWGXX	SIGVX
WMBDX		-0.33	0.0	0.26	0.0	-0.48	-0.21	WMBDX
UGSDX	-0.33		0.0	0.36	0.0	0.63	0.47	UGSDX
IVMXX	0.0	0.0		0.0	0.0	0.0	0.0	IVMXX
DPIGX	0.26	0.36	0.0		0.0	0.58	0.86	DPIGX
PBMXX	0.0	0.0	0.0	0.0		0.0	0.0	PBMXX
SWGXX	-0.48	0.63	0.0	0.58	0.0		0.79	SWGXX
SIGVX	-0.21	0.47	0.0	0.86	0.0	0.79		SIGVX
	WMBDX	UGSDX	IVMXX	DPIGX	PBMXX	SWGXX	SIGVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SIGVX	+ 0.86	DPIGX
SIGVX	+ 0.79	SWGXX
SWGXX	+ 0.63	UGSDX
SWGXX	+ 0.58	DPIGX
SIGVX	+ 0.47	UGSDX
DPIGX	+ 0.36	UGSDX

High negative correlations

SWGXX	- 0.48	WMBDX
UGSDX	- 0.33	WMBDX
SIGVX	- 0.21	WMBDX
SIGVX	- 0.0	PBMXX
SWGXX	- 0.0	PBMXX
PBMXX	- 0.0	DPIGX

Risk-Adjusted Indicators

There is a big difference between Harbor Mutual Fund performing well and Harbor Mid 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 Mid'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
WMBDX	0.24	(0.02)	0.00	(0.14)	0.00	0.77	(0.64)	1.67
UGSDX	0.05	0.01	0.00	(0.34)	0.00	0.00	0.00	1.03
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPIGX	0.05	0.00	(0.55)	(0.10)	(0.15)	0.21	(0.11)	0.42
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.03	0.01	0.00	(0.10)	0.00	0.00	0.00	1.01
SIGVX	0.04	0.00	(0.59)	(0.94)	(0.18)	0.10	(0.10)	0.61

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