Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Fund
LLPFX Fund  USD 22.80  0.17  0.74%   
The current 90-days correlation between Longleaf Partners and Transamerica Intermediate Muni 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

Average diversification

The correlation between Longleaf Partners Fund and DJI is 0.19 (i.e., Average 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 price.

Moving together with Longleaf Mutual Fund

  0.99LLGLX Longleaf Partners GlobalPairCorr
  0.64LLINX Longleaf PartnersPairCorr
  0.77LLSCX Longleaf Partners SmallPairCorr
  0.7VMVAX Vanguard Mid CapPairCorr
  0.92JVMAX John Hancock DisciplinedPairCorr
  0.78JVMIX John Hancock DisciplinedPairCorr
  0.87VMVIX Vanguard Mid CapPairCorr
  0.94JMVZX Jpmorgan Mid CapPairCorr
  0.94JMVRX Jpmorgan Mid CapPairCorr
  0.94JMVQX Jpmorgan Mid CapPairCorr
  0.94JMVYX Jpmorgan Mid CapPairCorr
  0.94JMVPX Jpmorgan Mid CapPairCorr
  0.77MVCAX Mfs Mid CapPairCorr
  0.61VTSAX Vanguard Total StockPairCorr
  0.61VTSMX Vanguard Total StockPairCorr
  0.61VSTSX Vanguard Total StockPairCorr
  0.61VITSX Vanguard Total StockPairCorr
  0.61VSMPX Vanguard Total StockPairCorr
  0.7VTIAX Vanguard Total InterPairCorr
  0.61VFINX Vanguard 500 IndexPairCorr
  0.93JGEFX Global EquityPairCorr
  0.91VGPMX Vanguard Global CapitalPairCorr
  1.0ACCLX Mid Cap ValuePairCorr
  0.95SMTYX Jpmorgan SmartretirementPairCorr
  0.91RALRX Growth StrategyPairCorr
  0.7NEAGX Needham Aggressive GrowthPairCorr
  0.88AAEVX American Century OnePairCorr
  0.88BRUDX Mfs Blended ResearchPairCorr
  0.81OPTIX Oppenheimer CapitalPairCorr
  0.79FOKPX Oklahoma College SavingsPairCorr
  0.86PFTPX Pimco Floating IncomePairCorr
  0.82TISPX Tiaa Cref SpPairCorr
  0.93FLMIX Muirfield Fund InstiPairCorr
  0.86PONAX Pimco IncomePairCorr
  0.76SLASX Selected American SharesPairCorr

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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