Longleaf Partners Correlations

Mutual Funds USA . 
Fund . Longleaf Partners Fund
LLPFX Fund  USD 22.51  0.07  0.31%   
The current 90-days correlation between Longleaf Partners and Maryland Tax Free Bond is 0.13 (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

Poor diversification

The correlation between Longleaf Partners Fund and DJI is 0.79 (i.e., 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 price.

Moving together with LONGLEAF Mutual Fund

  0.94LLGLX Longleaf Partners GlobalPairCorr
  0.68LLSCX Longleaf Partners Small Potential GrowthPairCorr
  0.67VMVAX Vanguard Mid CapPairCorr
  0.85JVMAX John Hancock DisciplinedPairCorr
  0.85JVMIX John Hancock DisciplinedPairCorr
  0.66VMVIX Vanguard Mid CapPairCorr
  0.9JMVZX Jpmorgan Mid CapPairCorr
  0.9JMVRX Jpmorgan Mid CapPairCorr
  0.9JMVQX Jpmorgan Mid CapPairCorr
  0.9JMVYX Jpmorgan Mid CapPairCorr
  0.9JMVPX Jpmorgan Mid CapPairCorr
  0.67MVCAX Mfs Mid CapPairCorr
  0.63VSTSX Vanguard Total StockPairCorr
  0.63VSMPX Vanguard Total StockPairCorr
  0.63VITSX Vanguard Total StockPairCorr
  0.63VTSAX Vanguard Total StockPairCorr
  0.69VTSNX Vanguard Total InterPairCorr
  0.69VTISX Vanguard Total InterPairCorr
  0.69VTPSX Vanguard Total InterPairCorr
  0.66VMSSX Virtus Multi SectorPairCorr
  0.71AOUNX Angel Oak UltrashortPairCorr
  0.69ITTAX Hartford BalancedPairCorr
  0.7RESAX Rbc Bluebay EmergingPairCorr
  0.78BMGAX Blackrock Mid CapPairCorr
  0.79BMGCX Blackrock Mid CapPairCorr
  0.78COVAX Columbia Small CapPairCorr
  0.68FOVCX First Trust/confluencePairCorr
  0.72FAXTX American Funds 2065PairCorr
  0.67GMAWX Gmo Small CapPairCorr
  0.72BBTGX Sterling Capital BehPairCorr
  0.74FLKSX Fidelity Low PricedPairCorr
  0.89LTFIX Principal Lifetime 2055PairCorr
  0.89SRJIX Jpmorgan SmartretirementPairCorr
  0.78TRTZX T Rowe PricePairCorr
  0.91VPMAX Vanguard PrimecapPairCorr

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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