Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Global
LLGLX Fund  USD 14.58  0.05  0.34%   
The current 90-days correlation between Longleaf Partners Global and Saat Moderate Strategy is 0.08 (i.e., Significant 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

Very poor diversification

The correlation between Longleaf Partners Global and DJI is 0.87 (i.e., Very poor 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 various price indices.

Moving together with Longleaf Mutual Fund

  0.99LLPFX Longleaf PartnersPairCorr
  0.83LLSCX Longleaf Partners SmallPairCorr
  0.93SCWCX American Fds SmallcapPairCorr
  0.93SCWFX Smallcap WorldPairCorr
  0.93SMCWX Smallcap WorldPairCorr
  0.93FSWFX American Funds SmallcapPairCorr
  0.93FSFWX American Funds SmallcapPairCorr
  0.93CSPFX Smallcap WorldPairCorr
  0.93CSPAX Smallcap WorldPairCorr
  0.93CSPEX Smallcap WorldPairCorr
  0.93RSLCX Smallcap WorldPairCorr
  0.93RLLGX Smallcap WorldPairCorr
  0.97FSMMX Fs Multi StrategyPairCorr
  0.92BTMPX Ishares Msci EafePairCorr
  0.92BTMKX Blackrock InternationalPairCorr
  0.92MDIIX Blackrock Intern IndexPairCorr
  0.73SPMPX Invesco Steelpath MlpPairCorr
  0.73MLPNX Oppenheimer Steelpath MlpPairCorr
  0.73MLPMX Oppenheimer Steelpath MlpPairCorr
  0.73SPMJX Invesco Steelpath MlpPairCorr
  0.9HWCAX Hotchkis Wiley DiverPairCorr
  0.96BTIEX Deutsche Equity 500PairCorr
  0.94SASMX Clearbridge Small CapPairCorr
  0.85SWYEX Schwab Target 2030PairCorr
  0.9AMFNX Asg Managed FuturesPairCorr
  0.78RYMIX TelecommunicationsPairCorr
  0.97TIEHX Tiaa Cref InternationalPairCorr
  0.94PNBAX Allianzgi Nfj LargePairCorr
  0.95VQNPX Vanguard Growth AndPairCorr
  0.93MAIFX Mutual Of AmericaPairCorr
  0.83VVICX Voya Vacs IndexPairCorr
  0.95BLNIX Balanced Fund InstitPairCorr
  0.94GSITX Goldman Sachs SmallPairCorr
  0.86ABYCX Abbey Capital FuturesPairCorr
  0.93PQTNX Pimco Trends ManagedPairCorr
  0.94APHJX Artisan InternationalPairCorr
  0.89RHDTX American Funds 2025PairCorr

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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