Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner International
HLMNX Fund  USD 28.10  0.14  0.50%   
The current 90-days correlation between Harding Loevner Inte and Nicholas Ii Inc is 0.6 (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 International and DJI is 0.56 (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 board of governors.

Moving together with Harding Mutual Fund

  0.96HLEMX Harding Loevner EmergingPairCorr
  0.95HLEZX Harding Loevner InstPairCorr
  0.91HLFFX Harding Loevner FrontierPairCorr
  0.92HLFMX Harding Loevner FrontierPairCorr
  0.91HLFZX Highland Floating RatePairCorr
  1.0HLIZX Harding Loevner IntePairCorr
  0.98HLIDX Harding Loevner IntePairCorr
  0.97HLMVX Harding Loevner GlobalPairCorr
  0.91HLMCX Harding Loevner ChinesePairCorr
  0.96HLMEX Harding Loevner InstPairCorr
  0.97HLMGX Harding Loevner GlobalPairCorr
  0.66HLMIX Harding Loevner IntePairCorr
  0.92HLMOX Harding Loevner FrontierPairCorr
  0.97HLMRX Harding Loevner IntePairCorr
  0.96HLMSX Harding Loevner IntePairCorr
  0.96HLRZX Harding Loevner IntePairCorr
  0.95HLXCX Harding Loevner FundsPairCorr
  0.61FSPSX Fidelity InternationalPairCorr
  0.86SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.86TREMX T Rowe PricePairCorr
  0.88FIKGX Fidelity Advisor SemPairCorr
  0.89FELIX Fidelity Advisor SemPairCorr
  0.88FELAX Fidelity Advisor SemPairCorr
  0.93AMGIX Income GrowthPairCorr
  0.99NILTX Neuberger Berman IntPairCorr
  0.94MFLDX Marketfield Fund MarPairCorr

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.

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