Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner International
HLMIX Fund  USD 28.96  0.58  2.04%   
The current 90-days correlation between Harding Loevner Inte and Lazard International Strategic is 0.79 (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 International and DJI is 0.64 (i.e., Poor 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 gross domestic product.

Moving together with Harding Mutual Fund

  0.95HLEMX Harding Loevner EmergingPairCorr
  0.95HLMEX Harding Loevner InstPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.95VTSNX Vanguard Total InterPairCorr
  0.97VTPSX Vanguard Total InterPairCorr
  0.95VTISX Vanguard Total InterPairCorr
  0.97VTMGX Vanguard DevelopedPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.94VINIX Vanguard InstitutionalPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.95AVEAX Ave Maria FocusedPairCorr
  0.94JGRCX Janus EnterprisePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
ABEYX
+ 0.99
LISIX
SEMNX
+ 0.96
LISIX
SEMNX
+ 0.96
ABEYX
SEMNX
+ 0.95
DDVIX
DDVIX
+ 0.94
LISIX
ABEYX
+ 0.94
DDVIX
  
High negative correlations   
EMBIX
- 0.0
SEMNX
EMBIX
- 0.0
ABEYX
EMBIX
- 0.0
DDVIX
EMBIX
- 0.0
LISIX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY