Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner Global
HLGZX Fund  USD 36.48  0.29  0.79%   
The current 90-days correlation between Harding Loevner Global and Guidemark Large Cap is 0.7 (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 poor diversification

The correlation between Harding Loevner Global and DJI is 0.85 (i.e., Very 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 nation.

Moving together with Harding Mutual Fund

  0.98HLEMX Harding Loevner EmergingPairCorr
  0.98HLEZX Harding Loevner InstPairCorr
  0.96HLFFX Harding Loevner FrontierPairCorr
  0.96HLFMX Harding Loevner FrontierPairCorr
  0.96HLFZX Highland Floating RatePairCorr
  0.98HLIZX Harding Loevner IntePairCorr
  0.93HLIDX Harding Loevner IntePairCorr
  1.0HLMVX Harding Loevner GlobalPairCorr
  0.93HLMCX Harding Loevner ChinesePairCorr
  0.98HLMEX Harding Loevner InstPairCorr
  1.0HLMGX Harding Loevner GlobalPairCorr
  0.98HLMIX Harding Loevner IntePairCorr
  0.97HLMNX Harding Loevner IntePairCorr
  0.96HLMOX Harding Loevner FrontierPairCorr
  0.98HLXCX Harding Loevner FundsPairCorr
  0.99FNFPX American Funds NewPairCorr
  0.99FFPNX American Funds NewPairCorr
  0.99NPFCX New PerspectivePairCorr
  0.99ANWPX New PerspectivePairCorr
  0.99NPFFX New PerspectivePairCorr
  0.99CNPAX New PerspectivePairCorr
  0.99CNPEX New PerspectivePairCorr
  0.99CNPFX New PerspectivePairCorr
  0.99CNPCX New PerspectivePairCorr
  0.99RNPAX New PerspectivePairCorr
  0.91PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.67NXJ Nuveen New JerseyPairCorr
  0.96PCF Putnam High IncomePairCorr
  0.94FSRFX Transportation Portfolio Potential GrowthPairCorr
  0.98HBADX Hartford ModeratePairCorr
  0.86SEPCX Energy Basic MaterialsPairCorr
  0.97ALCEX Avantis Large CapPairCorr
  0.98NILTX Neuberger Berman IntPairCorr
  0.97LTINX Principal Lifetime 2015PairCorr

Moving against Harding Mutual Fund

  0.47XNBHX Neuberger Berman IntPairCorr
  0.39XDSMX Dreyfus StrategicPairCorr

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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