Harding Loevner Correlations

HLIZX Fund  USD 26.40  0.10  0.38%   
The current 90-days correlation between Harding Loevner Inte and Calvert International Equity is -0.02 (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

Very weak diversification

The correlation between Harding Loevner International and DJI is 0.57 (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 nation.

Moving together with HARDING Mutual Fund

  0.85HLEMX Harding Loevner EmergingPairCorr
  0.62HLFMX Harding Loevner FrontierPairCorr
  0.63HLFZX Highland Floating RatePairCorr
  1.0HLIDX Harding Loevner IntePairCorr
  0.92HLMCX Harding Loevner Chinese Potential GrowthPairCorr
  0.84HLMEX Harding Loevner InstPairCorr
  1.0HLMIX Harding Loevner IntePairCorr
  0.94HLMNX Harding Loevner IntePairCorr
  0.61HLMOX Harding Loevner FrontierPairCorr
  0.85HLMRX Harding Loevner IntePairCorr
  0.87HLMSX Harding Loevner IntePairCorr
  0.85HLRZX Harding Loevner IntePairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.96VTMGX Vanguard DevelopedPairCorr
  0.98VDVIX Vanguard DevelopedPairCorr
  0.98VTMNX Vanguard DevelopedPairCorr
  0.98VDIPX Vanguard DevelopedPairCorr
  0.96FSPSX Fidelity InternationalPairCorr
  0.9INDFX Invesco InternationalPairCorr
  0.84PRICX Prudential GovernmentPairCorr

Moving against HARDING Mutual Fund

  0.35VSMPX Vanguard Total StockPairCorr
  0.35VSTSX Vanguard Total StockPairCorr
  0.35VITSX Vanguard Total StockPairCorr
  0.33VTSAX Vanguard Total StockPairCorr
  0.33VTSMX Vanguard Total StockPairCorr

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.