Harding Loevner Correlations
| HLXCX Fund | 10.68 0.02 0.19% |
The current 90-days correlation between Harding Loevner Funds and Fidelity Series Government is 0.04 (i.e., Significant 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 Funds and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harding Loevner Funds and DJI in the same portfolio, assuming nothing else is changed.
Harding |
Moving against Harding Mutual Fund
| 0.33 | HLMCX | Harding Loevner Chinese | PairCorr |
| 0.46 | MWTRX | Metropolitan West Total | PairCorr |
| 0.39 | DPRFX | Delaware Diversified | PairCorr |
| 0.33 | PRREX | Putnam Absolute Return | PairCorr |
Related Correlations Analysis
| 0.96 | 0.97 | 0.99 | 1.0 | 0.97 | FHNFX | ||
| 0.96 | 0.95 | 0.94 | 0.97 | 0.95 | TWAVX | ||
| 0.97 | 0.95 | 0.96 | 0.97 | 1.0 | RGVBX | ||
| 0.99 | 0.94 | 0.96 | 0.99 | 0.96 | BIGLX | ||
| 1.0 | 0.97 | 0.97 | 0.99 | 0.96 | UGSFX | ||
| 0.97 | 0.95 | 1.0 | 0.96 | 0.96 | CGTAX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FHNFX | 0.23 | 0.00 | 0.15 | 0.00 | 0.23 | 0.55 | 1.23 | |||
| TWAVX | 0.07 | 0.01 | 0.31 | 0.69 | 0.00 | 0.22 | 0.55 | |||
| RGVBX | 0.24 | 0.02 | 0.19 | (0.40) | 0.20 | 0.52 | 1.39 | |||
| BIGLX | 0.26 | 0.01 | 0.13 | 0.38 | 0.27 | 0.56 | 1.58 | |||
| UGSFX | 0.25 | 0.02 | 0.15 | 0.73 | 0.24 | 0.60 | 1.55 | |||
| CGTAX | 0.25 | 0.02 | 0.19 | (0.35) | 0.21 | 0.60 | 1.55 |