Harding Loevner Correlations

Mutual Funds . USA . 
Fund . Harding Loevner Frontier
HLMOX Fund  USD 8.01  0.04  0.50%   
The current 90-days correlation between Harding Loevner Frontier and Hartford Moderate Allocation is 0.28 (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 Frontier 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 Frontier 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 Frontier. 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 persons.

Moving together with Harding Mutual Fund

  0.84HLFFX Harding Loevner FrontierPairCorr
  0.78HLFMX Harding Loevner FrontierPairCorr
  1.0HLFZX Highland Floating RatePairCorr
  0.65HLIZX Harding Loevner IntePairCorr
  0.61HLIDX Harding Loevner IntePairCorr
  0.65HLMIX Harding Loevner IntePairCorr
  0.65HLMNX Harding Loevner IntePairCorr
  0.72HLMRX Harding Loevner IntePairCorr
  0.63HLMSX Harding Loevner IntePairCorr
  0.73HLRZX Harding Loevner IntePairCorr
  0.68HLXCX Harding Loevner FundsPairCorr
  0.78VEMAX Vanguard Emerging MarketsPairCorr
  0.78VEIEX Vanguard Emerging MarketsPairCorr
  0.78VEMIX Vanguard Emerging MarketsPairCorr
  0.78VEMRX Vanguard Emerging MarketsPairCorr
  0.71FWWNX American Funds NewPairCorr
  0.74FNFWX American Funds NewPairCorr
  0.74NEWFX New World FundPairCorr
  0.73NWFFX New World FundPairCorr
  0.72NEWCX New World FundPairCorr
  0.68ODVYX Oppenheimer DevelopingPairCorr
  0.64GPBFX Gmo E PlusPairCorr
  0.66WARCX Wells Fargo AdvantagePairCorr
  0.68MRSHX Mfs Research InternaPairCorr
  0.72PIEJX International EmergingPairCorr

Moving against Harding Mutual Fund

  0.46PQTNX Pimco Trends ManagedPairCorr
  0.46PQTIX Aa Pimco TrPairCorr
  0.37PQTAX Pimco Trends ManagedPairCorr

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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