Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Fund
LLPFX Fund  USD 23.01  0.33  1.46%   
The current 90-days correlation between Longleaf Partners and Principal Lifetime Hybrid is 0.16 (i.e., Average 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 Fund and DJI is 0.85 (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 Fund 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 Fund. 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 census.

Moving together with LONGLEAF Mutual Fund

  0.97LLGLX Longleaf Partners GlobalPairCorr
  0.82LLSCX Longleaf Partners SmallPairCorr
  0.86VMVAX Vanguard Mid CapPairCorr
  0.92JVMAX John Hancock DisciplinedPairCorr
  0.67JVMIX John Hancock DisciplinedPairCorr
  0.73JMVZX Jpmorgan Mid CapPairCorr
  0.73JMVRX Jpmorgan Mid CapPairCorr
  0.73JMVQX Jpmorgan Mid CapPairCorr
  0.73JMVYX Jpmorgan Mid CapPairCorr
  0.73JMVPX Jpmorgan Mid CapPairCorr
  0.64MVCAX Mfs Mid CapPairCorr
  0.85GPMFX Guidepath Managed FuturesPairCorr
  0.63PQTAX Pimco Trends ManagedPairCorr
  0.63PQTNX Pimco Trends ManagedPairCorr
  0.63PQTIX Aa Pimco TrPairCorr
  0.63TRBQX T Rowe PricePairCorr
  0.66SGTRX Columbia Seligman GlobalPairCorr
  0.64MRIBX Mfs Research InternaPairCorr
  0.7IPBJX Wells Fargo RealPairCorr
  0.88DMNBX Dfa Mn MunicipalPairCorr
  0.85DTDRX Dimensional 2065 TargetPairCorr
  0.71LBFFX Lord Abbett VertiblePairCorr
  0.89CSDGX Copeland Smid CapPairCorr
  0.81FESCX First Eagle SmallPairCorr
  0.78EPIVX Europac InternationalPairCorr
  0.62CPHYX High Yield FundPairCorr

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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