Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner Global
HLMVX Fund  USD 45.36  0.19  0.42%   
The current 90-days correlation between Harding Loevner Global and Harding Loevner International is 0.77 (i.e., Poor diversification). The correlation of Harding Loevner 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.

Harding Loevner Correlation With Market

Poor diversification

The correlation between Harding Loevner Global and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harding Loevner Global 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 Harding Loevner Global. 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 real.

Moving together with HARDING Mutual Fund

  1.0HLGZX Harding Loevner GlobalPairCorr
  1.0HLMGX Harding Loevner GlobalPairCorr
  0.86FNFPX American Funds NewPairCorr
  0.86FFPNX American Funds NewPairCorr
  0.97NPFCX New PerspectivePairCorr
  0.97ANWPX New PerspectivePairCorr
  0.97NPFFX New PerspectivePairCorr
  0.97CNPAX New PerspectivePairCorr
  0.97CNPEX New PerspectivePairCorr
  0.97CNPFX New PerspectivePairCorr
  0.97CNPCX New PerspectivePairCorr
  0.97RNPAX New PerspectivePairCorr
  0.74WRHIX Ivy High IncomePairCorr
  0.72WHIAX Ivy High IncomePairCorr
  0.67IHIFX Ivy High IncomePairCorr
  0.76IVHIX Ivy High IncomePairCorr
  0.81DXQLX Direxion Monthly Nasdaq Steady GrowthPairCorr
  0.95VTTHX Vanguard Target RetiPairCorr
  0.76LCGNX William Blair LargePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between HARDING Mutual Fund performing well and Harding Loevner 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 Harding Loevner'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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