Harbor Convertible Correlations

HACSX Fund

USD 12.14 0.04 0.33%

The current 90-days correlation between Harbor Vertible Secu and Gmo High Yield is 0.58 (i.e., Very weak 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

Poor diversification

The correlation between Harbor Vertible Securities and DJI is 0.72 (i.e., Poor 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harbor Vertible Securities. 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 state.

Moving together with Harbor Mutual Fund

1.0	HICSX	Harbor Vertible Secu	Pair Corr
0.93	HAMVX	Harbor Mid Cap	Pair Corr
0.99	FCSZX	Franklin Convertible	Pair Corr
0.99	FCSKX	Franklin Convertible	Pair Corr
0.99	FISCX	Franklin Vertible	Pair Corr
0.99	FROTX	Franklin Vertible	Pair Corr
1.0	ANZCX	Allianzgi Convertible	Pair Corr
1.0	ANZAX	Allianzgi Convertible	Pair Corr
1.0	ANNPX	Allianzgi Convertible	Pair Corr
1.0	VAADX	Virtus Convertible	Pair Corr
0.99	FCVSX	Fidelity Convertible	Pair Corr
0.89	MCSVX	Mainstay Convertible	Pair Corr
0.97	FTCAX	Templeton Strained Bond	Pair Corr
0.77	PYAIX	Payden Absolute Return	Pair Corr
0.79	PYARX	Payden Absolute Return	Pair Corr
0.85	BCAAX	Brandywineglobal C	Pair Corr
0.86	CII	Blackrock Enhanced	Pair Corr
0.91	BDJ	Blackrock Enhanced Equity	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.96	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.83	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.89	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.72	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.94	DIS	Walt Disney Sell-off Trend	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.95	WMT	Walmart Aggressive Push	Pair Corr
0.92	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.94	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Harbor Mutual Fund

0.94	UIPIX	Ultrashort Mid Cap	Pair Corr
0.87	USPSX	Profunds Ultrashort	Pair Corr
0.86	USPIX	Profunds Ultrashort	Pair Corr
0.45	HAIDX	Harbor Diversified	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	GMOZX	GGMPX	CBSYX	TAHYX	AGTFX	CYBAX	PARCX
GMOZX		0.87	0.66	0.92	0.83	0.89	0.87	GMOZX
GGMPX	0.87		0.62	0.95	0.63	0.93	0.69	GGMPX
CBSYX	0.66	0.62		0.51	0.49	0.43	0.66	CBSYX
TAHYX	0.92	0.95	0.51		0.72	0.94	0.74	TAHYX
AGTFX	0.83	0.63	0.49	0.72		0.67	0.97	AGTFX
CYBAX	0.89	0.93	0.43	0.94	0.67		0.7	CYBAX
PARCX	0.87	0.69	0.66	0.74	0.97	0.7		PARCX
	GMOZX	GGMPX	CBSYX	TAHYX	AGTFX	CYBAX	PARCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
GMOZX	0.13	0.01	(0.53)	0.18	0.00	(0.18)	0.28	(0.33)	0.72
GGMPX	0.12	0.01	(0.47)	0.29	0.00	(0.26)	0.35	(0.18)	1.07
CBSYX	0.32	(0.02)	(0.24)	0.07	0.36	(0.35)	0.62	(0.67)	1.85
TAHYX	0.11	0.01	(0.71)	0.47	0.00	(0.16)	0.23	(0.23)	0.68
AGTFX	0.52	(0.03)	(0.09)	0.09	0.55	(0.61)	1.15	(0.88)	3.06
CYBAX	0.10	0.00	(0.88)	0.21	0.00	(0.13)	0.24	(0.16)	0.73
PARCX	0.34	(0.02)	(0.17)	0.08	0.40	(0.36)	0.66	(0.76)	2.10

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