Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner Frontier
HLFMX Fund  USD 8.79  0.01  0.11%   
The current 90-days correlation between Harding Loevner Frontier and Harding Loevner Emerging is 0.63 (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

Very weak diversification

The correlation between Harding Loevner Frontier and DJI is 0.48 (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 Frontier 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 Frontier. 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 population.

Moving together with Harding Mutual Fund

  0.96HLEMX Harding Loevner EmergingPairCorr
  0.96HLEZX Harding Loevner InstPairCorr
  0.96HLGZX Harding Loevner GlobalPairCorr
  1.0HLFFX Harding Loevner FrontierPairCorr
  1.0HLFZX Highland Floating RatePairCorr
  0.92HLIZX Harding Loevner IntePairCorr
  0.85HLIDX Harding Loevner IntePairCorr
  0.96HLMVX Harding Loevner GlobalPairCorr
  0.88HLMCX Harding Loevner ChinesePairCorr
  0.96HLMEX Harding Loevner InstPairCorr
  0.96HLMGX Harding Loevner GlobalPairCorr
  0.92HLMIX Harding Loevner IntePairCorr
  0.92HLMNX Harding Loevner IntePairCorr
  1.0HLMOX Harding Loevner FrontierPairCorr
  0.96HLMRX Harding Loevner IntePairCorr
  0.96HLMSX Harding Loevner IntePairCorr
  0.96HLRZX Harding Loevner IntePairCorr
  0.97HLXCX Harding Loevner FundsPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr
  0.98VEMIX Vanguard Emerging MarketsPairCorr
  0.98VEMRX Vanguard Emerging MarketsPairCorr
  0.98FWWNX American Funds NewPairCorr
  0.98FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.98NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.97ODVYX Oppenheimer DevelopingPairCorr
  0.97SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.97SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.97TTEEX T Rowe PricePairCorr
  0.97TREMX T Rowe PricePairCorr
  0.97FIKGX Fidelity Advisor SemPairCorr
  0.98ONERX One Rock Fund Steady GrowthPairCorr
  0.97FELCX Fidelity Advisor SemPairCorr
  0.97FELIX Fidelity Advisor SemPairCorr
  0.98FSELX Fidelity Select SemiPairCorr
  0.97FELAX Fidelity Advisor SemPairCorr
  0.96MSSGX Small Pany GrowthPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HLEMX  0.50  0.17  0.15  0.50  0.05 
(0.60)
 1.63 
(1.03)
 4.29 
HLEZX  0.51  0.16  0.14  0.50  0.11 
(0.66)
 1.61 
(1.06)
 4.31 
HLGZX  0.56  0.08  0.06  0.24  0.35 
(0.65)
 1.86 
(1.04)
 3.55 
HLFFX  0.43  0.15  0.10  0.67  0.00 
(0.56)
 1.02 
(0.61)
 2.36 
HLFMX  0.43  0.15  0.11  0.65  0.00 
(0.58)
 1.04 
(0.62)
 2.39 
HLFZX  0.43  0.14  0.10  0.65  0.00 
(0.56)
 1.02 
(0.61)
 2.36 
HLIZX  0.52  0.10  0.05  0.38  0.34 
(0.59)
 1.31 
(1.06)
 3.40 
HLIDX  0.57  0.07 (0.01) 0.30  0.54 
(0.66)
 1.36 
(1.02)
 3.59 
HLMVX  0.56  0.08  0.06  0.24  0.34 
(0.65)
 1.89 
(1.02)
 3.56 
HLMCX  0.66  0.13  0.06  0.39  0.49 
(0.82)
 1.95 
(1.43)
 5.19 

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