Embark Commodity Correlations

Mutual Funds . USA . 
Fund . Embark Commodity Strategy
ECSWX Fund   10.79  0.09  0.83%   
The current 90-days correlation between Embark Commodity Strategy and Eventide Healthcare Life is 0.09 (i.e., Significant diversification). The correlation of Embark Commodity 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 Commodity Correlation With Market

Very good diversification

The correlation between Embark Commodity Strategy and DJI is -0.44 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Embark Commodity Strategy 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 Commodity Strategy. 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

  0.63HICSX Harbor Vertible SecuPairCorr
  0.63HIIDX Harbor DiversifiedPairCorr
  0.63HIINX Harbor InternationalPairCorr
  0.67HIISX Harbor InternationalPairCorr
  0.67HISGX Harbor Small CapPairCorr
  0.61HMCLX Harbor Mid CapPairCorr
  0.61HMCRX Harbor Mid CapPairCorr
  0.61HNACX Harbor Capital ApprePairCorr
  0.63HNCVX Harbor Vertible SecuPairCorr
  0.63ESCWX Embark Small CapPairCorr
  0.62ESCQX Embark Small CapPairCorr
  0.61HNINX Harbor InternationalPairCorr
  0.67HNISX Harbor InternationalPairCorr
  0.64HNIDX Harbor DiversifiedPairCorr
  0.67HNSGX Harbor Small CapPairCorr
  1.0ECSQX Embark Commodity StrategyPairCorr
  0.61HRCAX Harbor Capital ApprePairCorr
  0.63HRCSX Harbor Vertible SecuPairCorr
  0.63HRIDX Harbor DiversifiedPairCorr
  0.61HRINX Harbor InternationalPairCorr
  0.67HRISX Harbor InternationalPairCorr
  0.67HRSGX Harbor Small CapPairCorr
  0.61HACAX Harbor Capital ApprePairCorr
  0.63HACSX Harbor Vertible SecuPairCorr
  0.61HAINX Harbor InternationalPairCorr
  0.67HAISX Harbor InternationalPairCorr

Related Correlations Analysis

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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   
HIAHX
+ 0.78
XHQHX
HCPIX
+ 0.72
HIAHX
HIAHX
+ 0.71
XXGRX
RAGHX
+ 0.69
HIAHX
RAGHX
+ 0.59
XHQHX
HCPIX
+ 0.58
XHQHX
  
High negative correlations   
XXGRX
- 0.41
ETAHX
HCPIX
- 0.0
ETAHX

Risk-Adjusted Indicators

There is a big difference between Embark Mutual Fund performing well and Embark Commodity 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 Commodity'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.

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