Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Small Cap
LLSCX Fund  USD 29.62  0.38  1.30%   
The current 90-days correlation between Longleaf Partners Small and James Balanced Golden is 0.01 (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

Almost no diversification

The correlation between Longleaf Partners Small Cap and DJI is 0.91 (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 Small Cap 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 Small Cap. 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 services.

Moving together with Longleaf Mutual Fund

  0.86LLGLX Longleaf Partners GlobalPairCorr
  0.8LLPFX Longleaf PartnersPairCorr
  0.92VSMAX Vanguard Small CapPairCorr
  0.92VSCIX Vanguard Small CapPairCorr
  0.92VSCPX Vanguard Small CapPairCorr
  0.92NAESX Vanguard Small CapPairCorr
  0.9FSSNX Fidelity Small CapPairCorr
  0.91DFSTX Us Small CapPairCorr
  0.89FTHSX Fuller Thaler BehavioralPairCorr
  0.89FTHNX Fuller Thaler BehavioralPairCorr
  0.74PASVX T Rowe PricePairCorr
  0.81PRVIX T Rowe PricePairCorr
  0.68SMPIX Semiconductor UltrasectorPairCorr
  0.68SMPSX Semiconductor UltrasectorPairCorr
  0.75PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.75PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.76UJPIX Ultrajapan ProfundPairCorr
  0.76EKWYX Wells Fargo Advantage Steady GrowthPairCorr
  0.66FRGOX Franklin Gold PreciousPairCorr
  0.76EKWAX Wells Fargo Advantage Steady GrowthPairCorr
  0.77INIVX International Investors Steady GrowthPairCorr
  0.73QMORX Aqr Large CapPairCorr
  0.74HMXAX Alphacentric HedgedPairCorr
  0.82TTOIX Target 2060 FundPairCorr
  0.63SEGIX Guggenheim Large CapPairCorr
  0.63MPPAX Mfs Pennsylvania MunPairCorr
  0.67JDFNX Janus Flexible BondPairCorr
  0.8VHCOX Vanguard Capital OppPairCorr
  0.84SRJSX Jpmorgan SmartretirementPairCorr
  0.73FOFRX Franklin Oregon TaxPairCorr
  0.83FPUKX Fidelity PuritanPairCorr
  0.91RYLDX Dow 2x StrategyPairCorr
  0.81AMECX Income FundPairCorr

Moving against Longleaf Mutual Fund

  0.47UJPSX Ultrajapan ProfundPairCorr

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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