Harding Loevner Correlations

HLMOX Fund

USD 7.98 0.01 0.13%

The current 90-days correlation between Harding Loevner Frontier and Us Government Securities is 0.12 (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

Very weak diversification

The correlation between Harding Loevner Frontier and DJI is 0.42 (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 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

0.74	HLFFX	Harding Loevner Frontier	Pair Corr
1.0	HLFMX	Harding Loevner Frontier	Pair Corr
0.74	HLFZX	Highland Floating Rate	Pair Corr
0.75	HLMRX	Harding Loevner Inte	Pair Corr
0.75	HLMSX	Harding Loevner Inte	Pair Corr
0.75	HLRZX	Harding Loevner Inte	Pair Corr
0.74	VEMAX	Vanguard Emerging Markets	Pair Corr
0.74	VEIEX	Vanguard Emerging Markets	Pair Corr
0.74	VEMIX	Vanguard Emerging Markets	Pair Corr
0.74	VEMRX	Vanguard Emerging Markets	Pair Corr
0.73	FWWNX	American Funds New	Pair Corr
0.73	FNFWX	American Funds New	Pair Corr
0.73	NWFFX	New World Fund	Pair Corr
0.72	NEWCX	New World Fund	Pair Corr
0.75	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Harding Mutual Fund

0.52	TCSUX	Cleartrack 2020 Class	Pair Corr
0.51	TCTGX	Transamerica Cleartrack	Pair Corr
0.5	TDKTX	Cleartrack 2015 Class	Pair Corr
0.5	TCTJX	Transamerica Cleartrack	Pair Corr

Related Correlations Analysis

	RGVAX	SSAGX	RGVCX	UIGSX	TUIXX	AMUSX	CGTAX	CGTCX
RGVAX		0.91	1.0	0.96	0.33	1.0	0.96	1.0	RGVAX
SSAGX	0.91		0.92	0.93	0.51	0.92	0.93	0.92	SSAGX
RGVCX	1.0	0.92		0.97	0.34	1.0	0.97	1.0	RGVCX
UIGSX	0.96	0.93	0.97		0.29	0.97	1.0	0.96	UIGSX
TUIXX	0.33	0.51	0.34	0.29		0.34	0.29	0.33	TUIXX
AMUSX	1.0	0.92	1.0	0.97	0.34		0.97	1.0	AMUSX
CGTAX	0.96	0.93	0.97	1.0	0.29	0.97		0.96	CGTAX
CGTCX	1.0	0.92	1.0	0.96	0.33	1.0	0.96		CGTCX
	RGVAX	SSAGX	RGVCX	UIGSX	TUIXX	AMUSX	CGTAX	CGTCX

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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
RGVAX	0.25	0.02	0.04	0.75	0.25	(0.31)	0.60	(0.50)	1.56
SSAGX	0.06	0.01	0.08	(0.74)	0.00	(0.16)	0.10	(0.10)	0.51
RGVCX	0.25	0.02	0.05	1.47	0.23	(0.29)	0.51	(0.50)	1.38
UIGSX	0.20	0.01	0.04	(0.18)	0.17	(0.26)	0.46	(0.45)	1.04
TUIXX	0.03	0.01	0.00	(0.31)	0.00	0.00	0.00	0.00	1.01
AMUSX	0.26	0.02	0.05	0.86	0.25	(0.31)	0.60	(0.58)	1.55
CGTAX	0.25	0.02	0.04	(0.20)	0.25	(0.32)	0.60	(0.58)	1.55
CGTCX	0.25	0.02	0.05	0.68	0.25	(0.29)	0.61	(0.50)	1.56

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