Harbor Strategic Correlations

HNGSX Fund

USD 25.93 0.00 0.00%

The current 90-days correlation between Harbor Strategic Growth and Touchstone Premium Yield is -0.2 (i.e., Good diversification). The correlation of Harbor Strategic 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 Strategic Correlation With Market

Good diversification

The correlation between Harbor Strategic Growth and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harbor Strategic Growth 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 Strategic Growth. 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

0.62	HICSX	Harbor Vertible Secu	Pair Corr
0.72	HIMGX	Harbor Mid Cap	Pair Corr
0.73	HIMVX	Harbor Mid Cap	Pair Corr
0.78	HILVX	Harbor Large Cap	Pair Corr
0.69	HISVX	Harbor Small Cap	Pair Corr
0.84	HISWX	Harbor Strategic Growth	Pair Corr
0.77	HISGX	Harbor Small Cap	Pair Corr
0.75	HMCLX	Harbor Mid Cap	Pair Corr
0.75	HMCNX	Harbor Mid Cap	Pair Corr
0.75	HMCRX	Harbor Mid Cap	Pair Corr
0.76	HNACX	Harbor Capital Appre	Pair Corr
0.62	HNCVX	Harbor Vertible Secu	Pair Corr
0.68	ESCWX	Embark Small Cap	Pair Corr
0.68	ESCQX	Embark Small Cap	Pair Corr
0.73	HNMVX	Harbor Mid Cap	Pair Corr
0.78	HNLVX	Harbor Large Cap	Pair Corr
0.72	HNMGX	Harbor Mid Cap	Pair Corr
0.77	HNSGX	Harbor Small Cap	Pair Corr
0.69	HNVRX	Harbor Small Cap	Pair Corr
0.76	HRCAX	Harbor Capital Appre	Pair Corr
0.62	HRCSX	Harbor Vertible Secu	Pair Corr
0.72	HRMGX	Harbor Mid Cap	Pair Corr
0.73	HRMVX	Harbor Mid Cap	Pair Corr
0.78	HRLVX	Harbor Large Cap	Pair Corr
0.77	HRSGX	Harbor Small Cap	Pair Corr
0.76	HACAX	Harbor Capital Appre	Pair Corr

Moving against Harbor Mutual Fund

0.35	HACBX	Harbor Core Bond	Pair Corr
0.33	HRBDX	Harbor Bond Fund	Pair Corr
0.33	HABDX	Harbor Bond Fund	Pair Corr

Related Correlations Analysis

	TPYYX	MBSAX	ABNTX	TFBIX	ARTFX	MDMTX	GMOZX	CCD
TPYYX		0.57	0.61	0.45	0.25	0.29	0.44	0.58	TPYYX
MBSAX	0.57		0.77	0.75	0.15	0.68	0.56	0.29	MBSAX
ABNTX	0.61	0.77		0.62	-0.12	0.61	0.19	0.41	ABNTX
TFBIX	0.45	0.75	0.62		0.16	0.85	0.41	0.22	TFBIX
ARTFX	0.25	0.15	-0.12	0.16		-0.31	0.84	0.6	ARTFX
MDMTX	0.29	0.68	0.61	0.85	-0.31		0.0	-0.11	MDMTX
GMOZX	0.44	0.56	0.19	0.41	0.84	0.0		0.51	GMOZX
CCD	0.58	0.29	0.41	0.22	0.6	-0.11	0.51		CCD
	TPYYX	MBSAX	ABNTX	TFBIX	ARTFX	MDMTX	GMOZX	CCD

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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

MDMTX	+ 0.85	TFBIX
GMOZX	+ 0.84	ARTFX
ABNTX	+ 0.77	MBSAX
TFBIX	+ 0.75	MBSAX
MDMTX	+ 0.68	MBSAX
TFBIX	+ 0.62	ABNTX

High negative correlations

MDMTX	- 0.31	ARTFX
ARTFX	- 0.12	ABNTX
CCD	- 0.11	MDMTX
GMOZX	- 0.0	MDMTX

Risk-Adjusted Indicators

There is a big difference between Harbor Mutual Fund performing well and Harbor Strategic 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 Strategic'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
TPYYX	0.70	(0.08)	(0.11)	0.02	0.95	(0.74)	1.40	(1.71)	5.39
MBSAX	0.21	(0.01)	(0.37)	0.09	0.22	(0.23)	0.37	(0.44)	1.25
ABNTX	0.14	(0.01)	(0.52)	(0.47)	0.18	(0.17)	0.29	(0.30)	0.88
TFBIX	0.16	0.03	(0.29)	(0.14)	0.19	(0.23)	0.40	(0.39)	1.58
ARTFX	0.12	0.03	(0.64)	0.58	0.00	(0.21)	0.33	(0.22)	1.01
MDMTX	0.17	0.01	(0.31)	0.01	0.24	(0.23)	0.38	(0.56)	1.33
GMOZX	0.13	0.01	(0.53)	0.18	0.00	(0.18)	0.28	(0.33)	0.72
CCD	0.75	(0.01)	(0.08)	0.11	0.90	(0.81)	1.88	(1.68)	4.88

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