Harding Loevner Frontier Fund Market Value
| HLFMX Fund | USD 7.59 0.01 0.13% |
| Symbol | Harding |
Harding Loevner 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Harding Loevner's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Harding Loevner.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Harding Loevner on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Harding Loevner Frontier or generate 0.0% return on investment in Harding Loevner over 30 days. Harding Loevner is related to or competes with Amana Income, Amana Growth, Amana Participation, HUMANA, Barloworld, Morningstar Unconstrained, and High Yield. The fund invests primarily in companies that are based in frontier emerging markets, including the smaller traditionally... More
Harding Loevner Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Harding Loevner's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Harding Loevner Frontier upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.604 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.12 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.8219 |
Harding Loevner Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harding Loevner's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harding Loevner's standard deviation. In reality, there are many statistical measures that can use Harding Loevner historical prices to predict the future Harding Loevner's volatility.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0655 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harding Loevner's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Harding Loevner Frontier Backtested Returns
We consider Harding Loevner very steady. Harding Loevner Frontier holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Harding Loevner Frontier, which you can use to evaluate the volatility of the entity. Please check out Harding Loevner's Downside Deviation of 0.604, market risk adjusted performance of 0.0755, and Risk Adjusted Performance of 0.0456 to validate if the risk estimate we provide is consistent with the expected return of 0.0566%. The fund retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harding Loevner's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harding Loevner is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
Harding Loevner Frontier has below average predictability. Overlapping area represents the amount of predictability between Harding Loevner time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Harding Loevner Frontier price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Harding Loevner price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Harding Loevner Frontier lagged returns against current returns
Autocorrelation, which is Harding Loevner mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Harding Loevner's mutual fund expected returns. We can calculate the autocorrelation of Harding Loevner returns to help us make a trade decision. For example, suppose you find that Harding Loevner has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Harding Loevner regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Harding Loevner mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harding Loevner mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harding Loevner mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Harding Loevner Lagged Returns
When evaluating Harding Loevner's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harding Loevner mutual fund have on its future price. Harding Loevner autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Harding Loevner autocorrelation shows the relationship between Harding Loevner mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harding Loevner Frontier.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Harding Loevner in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Harding Loevner's short interest history, or implied volatility extrapolated from Harding Loevner options trading.
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Harding Loevner technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.