Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner Institutional
HLEZX Fund  USD 17.31  0.10  0.58%   
The current 90-days correlation between Harding Loevner Inst and Victory Incore Investment is 0.22 (i.e., Modest 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 Institutional and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harding Loevner Institutional 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 Institutional. 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

  1.0HLEMX Harding Loevner EmergingPairCorr
  0.98HLGZX Harding Loevner GlobalPairCorr
  0.79HLFFX Harding Loevner FrontierPairCorr
  0.88HLIZX Harding Loevner IntePairCorr
  0.91HLMVX Harding Loevner GlobalPairCorr
  0.93HLMEX Harding Loevner InstPairCorr
  0.98HLMGX Harding Loevner GlobalPairCorr
  0.88HLMIX Harding Loevner IntePairCorr
  0.79HLMNX Harding Loevner IntePairCorr
  0.71HLXCX Harding Loevner FundsPairCorr
  0.63VEMAX Vanguard Emerging MarketsPairCorr
  0.63VEIEX Vanguard Emerging MarketsPairCorr
  0.63VEMIX Vanguard Emerging MarketsPairCorr
  0.62VEMRX Vanguard Emerging MarketsPairCorr
  0.79FWWNX American Funds NewPairCorr
  0.87FNFWX American Funds NewPairCorr
  0.88NEWFX New World FundPairCorr
  0.88NWFFX New World FundPairCorr
  0.89NEWCX New World FundPairCorr
  0.87XDSMX Dreyfus StrategicPairCorr
  0.87XNXJX Nuveen New JerseyPairCorr
  0.88XNBHX Neuberger Berman IntPairCorr

Moving against Harding Mutual Fund

  0.48NFRIX Nuveen Symphony FloatingPairCorr

Related Correlations Analysis

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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   
FCSKX
+ 0.89
VICIX
CNSCX
+ 0.68
FCSKX
ARBOX
+ 0.62
FCSKX
ARBOX
+ 0.56
VICIX
CNSCX
+ 0.55
VICIX
ARBOX
+ 0.55
CNSCX
  
High negative correlations   
PCNBX
- 0.0
ARBOX
PCNBX
- 0.0
CNSCX
PCNBX
- 0.0
FCSKX
PCNBX
- 0.0
VICIX

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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