Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner International
HLIDX Fund  USD 13.35  0.10  0.75%   
The current 90-days correlation between Harding Loevner Inte and L Abbett Growth is -0.1 (i.e., Good 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

Very weak diversification

The correlation between Harding Loevner International and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harding Loevner International 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 International. 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 unemployment.

Moving together with Harding Mutual Fund

  0.9HLCTX Harding Loevner FundsPairCorr
  0.88HLFFX Harding Loevner FrontierPairCorr
  0.93HLFMX Harding Loevner FrontierPairCorr
  0.92HLFZX Highland Floating RatePairCorr
  0.97HLIZX Harding Loevner IntePairCorr
  0.97HLMIX Harding Loevner IntePairCorr
  0.97HLMNX Harding Loevner IntePairCorr
  0.88HLMOX Harding Loevner FrontierPairCorr
  0.98HLMRX Harding Loevner IntePairCorr
  0.98HLMSX Harding Loevner IntePairCorr
  0.98HLRZX Harding Loevner IntePairCorr
  0.89HLXCX Harding Loevner FundsPairCorr
  0.93VGTSX Vanguard Total InterPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.93VTSNX Vanguard Total InterPairCorr
  0.93VTPSX Vanguard Total InterPairCorr
  0.93VTISX Vanguard Total InterPairCorr
  0.98VTMGX Vanguard DevelopedPairCorr
  0.93VDVIX Vanguard DevelopedPairCorr
  0.98VTMNX Vanguard DevelopedPairCorr
  0.98VDIPX Vanguard DevelopedPairCorr
  0.93FSPSX Fidelity InternationalPairCorr
  0.85NHS Neuberger Berman HighPairCorr

Moving against Harding Mutual Fund

  0.55WWLAX Westwood Largecap ValuePairCorr
  0.5SPXUX Wisdomtree Digital TrustPairCorr
  0.43MIEYX Mm Sp 500PairCorr
  0.43INDEX Sp 500 EqualPairCorr
  0.41FPURX Fidelity PuritanPairCorr
  0.35FLCNX Fidelity ContrafundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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