Harding Loevner Correlations
| HLIDX Fund | USD 13.25 0.10 0.75% |
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 |
Moving together with Harding Mutual Fund
| 0.82 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.82 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.82 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.82 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.82 | VTISX | Vanguard Total Inter | PairCorr |
| 0.82 | VTMGX | Vanguard Developed | PairCorr |
| 0.82 | VDVIX | Vanguard Developed | PairCorr |
| 0.82 | VTMNX | Vanguard Developed | PairCorr |
| 0.82 | VDIPX | Vanguard Developed | PairCorr |
| 0.81 | FSPSX | Fidelity International | PairCorr |
| 0.62 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Harding Mutual Fund
| 0.64 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.63 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.63 | LSHEX | Kinetics Spin Off Steady Growth | PairCorr |
| 0.63 | LSHCX | Horizon Spin Off Steady Growth | PairCorr |
| 0.63 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
| 0.43 | AMGIX | Income Growth | PairCorr |
| 0.78 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.71 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.6 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.58 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.5 | WMT | Walmart Aggressive Push | PairCorr |
| 0.46 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.34 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.31 | T | ATT Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.82 | 0.88 | 0.8 | 0.9 | -0.16 | AFB | ||
| 0.82 | 0.93 | 0.98 | 0.96 | -0.16 | PRINX | ||
| 0.88 | 0.93 | 0.88 | 0.97 | -0.43 | CFNLX | ||
| 0.8 | 0.98 | 0.88 | 0.92 | -0.01 | FYMNX | ||
| 0.9 | 0.96 | 0.97 | 0.92 | -0.3 | OMIAX | ||
| -0.16 | -0.16 | -0.43 | -0.01 | -0.3 | IMLXX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFB | 0.48 | 0.02 | (0.16) | (0.16) | 0.61 | 1.12 | 2.88 | |||
| PRINX | 0.16 | 0.02 | (0.26) | (0.12) | 0.21 | 0.44 | 1.59 | |||
| CFNLX | 0.12 | 0.01 | (0.42) | 0.02 | 0.18 | 0.22 | 1.13 | |||
| FYMNX | 0.13 | 0.02 | (0.30) | (0.09) | 0.17 | 0.37 | 1.39 | |||
| OMIAX | 0.14 | 0.01 | (0.34) | (0.02) | 0.20 | 0.29 | 1.35 | |||
| IMLXX | 0.03 | 0.01 | 0.00 | (2.41) | 0.00 | 0.00 | 1.01 |