Harding Loevner Correlations

HLGZX Fund

USD 34.29 0.32 0.94%

The current 90-days correlation between Harding Loevner Global and Massmutual Premier Diversified is 0.15 (i.e., Average 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

Significant diversification

The correlation between Harding Loevner Global and DJI is 0.04 (i.e., Significant 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

0.88	HLEMX	Harding Loevner Emerging	Pair Corr
0.78	HLEZX	Harding Loevner Inst	Pair Corr
1.0	HLMVX	Harding Loevner Global	Pair Corr
0.86	HLMEX	Harding Loevner Inst	Pair Corr
1.0	HLMGX	Harding Loevner Global	Pair Corr
0.67	FNFPX	American Funds New	Pair Corr
0.67	FFPNX	American Funds New	Pair Corr
0.7	NPFCX	New Perspective	Pair Corr
0.68	ANWPX	New Perspective	Pair Corr
0.68	NPFFX	New Perspective	Pair Corr
0.68	CNPAX	New Perspective	Pair Corr
0.69	CNPEX	New Perspective	Pair Corr
0.68	CNPFX	New Perspective	Pair Corr
0.7	CNPCX	New Perspective	Pair Corr
0.7	RNPAX	New Perspective	Pair Corr

Moving against HARDING Mutual Fund

0.32

MERVX

Merger Fund

Pair Corr

Related Correlations Analysis

	MDBLX	DIFIX	OIDAX	PHTTX	ACDOX	BDVFX	CDBCX	DDFIX
MDBLX		0.95	0.66	0.47	0.96	0.97	0.99	0.16	MDBLX
DIFIX	0.95		0.79	0.68	0.92	0.94	0.95	0.42	DIFIX
OIDAX	0.66	0.79		0.83	0.66	0.68	0.65	0.57	OIDAX
PHTTX	0.47	0.68	0.83		0.42	0.47	0.48	0.89	PHTTX
ACDOX	0.96	0.92	0.66	0.42		0.95	0.96	0.11	ACDOX
BDVFX	0.97	0.94	0.68	0.47	0.95		0.98	0.15	BDVFX
CDBCX	0.99	0.95	0.65	0.48	0.96	0.98		0.16	CDBCX
DDFIX	0.16	0.42	0.57	0.89	0.11	0.15	0.16		DDFIX
	MDBLX	DIFIX	OIDAX	PHTTX	ACDOX	BDVFX	CDBCX	DDFIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MDBLX	0.23	0.02	0.18	0.28	0.18	(0.30)	0.50	(0.38)	1.38
DIFIX	0.28	0.01	0.10	0.03	0.35	(0.33)	0.58	(0.57)	1.51
OIDAX	0.71	(0.02)	0.00	(0.09)	0.00	0.00	1.42	(1.46)	5.03
PHTTX	0.35	0.00	0.00	(0.05)	0.00	0.00	0.67	(0.67)	1.95
ACDOX	0.24	0.01	0.17	(0.19)	0.21	(0.30)	0.55	(0.43)	1.46
BDVFX	0.25	0.00	0.07	(0.08)	0.32	(0.28)	0.54	(0.54)	1.41
CDBCX	0.24	0.00	0.12	0.16	0.24	(0.30)	0.56	(0.44)	1.34
DDFIX	0.66	0.02	0.03	(0.01)	0.89	(0.68)	1.19	(1.23)	3.44

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