Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Global
LLGLX Fund  USD 14.71  0.08  0.55%   
The current 90-days correlation between Longleaf Partners Global and Europac Gold Fund is 0.21 (i.e., Modest diversification). The correlation of Longleaf Partners 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.

Longleaf Partners Correlation With Market

Almost no diversification

The correlation between Longleaf Partners Global and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Longleaf Partners Global and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Longleaf Partners Global. 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 board of governors.

Moving together with Longleaf Mutual Fund

  0.97LLPFX Longleaf PartnersPairCorr
  0.86LLSCX Longleaf Partners SmallPairCorr
  0.96SCWCX American Fds SmallcapPairCorr
  0.95SCWFX Smallcap WorldPairCorr
  0.95SMCWX Smallcap WorldPairCorr
  0.96FSWFX American Funds SmallcapPairCorr
  0.96FSFWX American Funds SmallcapPairCorr
  0.95CSPFX Smallcap WorldPairCorr
  0.96CSPAX Smallcap WorldPairCorr
  0.96CSPEX Smallcap WorldPairCorr
  0.96RSLCX Smallcap WorldPairCorr
  0.95RLLGX Smallcap WorldPairCorr
  0.78PFN Pimco Income StrategyPairCorr
  0.88TWSIX Select Fund I Potential GrowthPairCorr
  0.93DTDRX Dimensional 2065 TargetPairCorr
  0.92JABPX John Hancock FundsPairCorr
  0.95JHYUX Jpmorgan High YieldPairCorr
  0.84VFIIX Vanguard GnmaPairCorr
  0.93MLFIX Mfs Lifetime 2040PairCorr
  0.95ARTKX Artisan InternationalPairCorr
  0.93PHYZX Prudential High YieldPairCorr
  0.92VVIAX Vanguard Value IndexPairCorr
  0.88FASRX K2 Alternative StrategiesPairCorr
  0.96HRAFX Hartford GrowthPairCorr
  0.8LIMAX Lateef Focused GrowthPairCorr
  0.9JQLMX Multimanager LifestylePairCorr
  0.94NPSAX Nuveen Preferred SecPairCorr
  0.94MWMZX Vaneck Morningstar WidePairCorr
  0.77LIIAX Columbia Porate IncomePairCorr
  0.91VTSIX Vanguard Tax ManagedPairCorr
  0.95TRRGX T Rowe PricePairCorr

Moving against Longleaf Mutual Fund

  0.43NXJ Nuveen New JerseyPairCorr
  0.43XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Longleaf Mutual Fund performing well and Longleaf Partners 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 Longleaf Partners' 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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