Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner International
HLRZX Fund   19.70  0.01  0.05%   
The current 90-days correlation between Harding Loevner Inte and Qs Global Equity is -0.05 (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

Good diversification

The correlation between Harding Loevner International and DJI is -0.08 (i.e., Good 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 nation.

Moving together with Harding Mutual Fund

  0.96HLEMX Harding Loevner EmergingPairCorr
  0.97HLEZX Harding Loevner InstPairCorr
  0.65HLGZX Harding Loevner GlobalPairCorr
  0.97HLFFX Harding Loevner FrontierPairCorr
  0.96HLFMX Harding Loevner FrontierPairCorr
  0.96HLFZX Highland Floating RatePairCorr
  0.96HLIZX Harding Loevner IntePairCorr
  0.91HLIDX Harding Loevner IntePairCorr
  0.97HLMVX Harding Loevner GlobalPairCorr
  0.88HLMCX Harding Loevner ChinesePairCorr
  0.96HLMEX Harding Loevner InstPairCorr
  0.97HLMGX Harding Loevner GlobalPairCorr
  0.73HLMIX Harding Loevner IntePairCorr
  0.96HLMNX Harding Loevner IntePairCorr
  0.96HLMOX Harding Loevner FrontierPairCorr
  0.99HLMRX Harding Loevner IntePairCorr
  1.0HLMSX Harding Loevner IntePairCorr
  0.97HLXCX Harding Loevner FundsPairCorr
  0.98OSMYX Oppenheimer Intl SmallPairCorr
  0.65OSCIX Oppenheimer Intl SmallPairCorr
  0.99OSMNX Oppenheimer Intl SmallPairCorr
  0.99MIDGX Mfs International NewPairCorr
  0.99MIDHX Mfs International NewPairCorr
  0.99MIDRX Mfs International NewPairCorr
  0.63INPIX Internet UltrasectorPairCorr
  0.63INPSX Internet UltrasectorPairCorr
  0.96ROFCX Royce OpportunityPairCorr
  0.93PYEMX Payden Emerging MarketsPairCorr
  0.96PSHAX Short Term FundPairCorr
  0.97TNXAX 1290 Doubleline DynamicPairCorr
  0.97GGCCX Gabelli 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.

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