Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Fund
LLPFX Fund  USD 22.72  0.02  0.09%   
The current 90-days correlation between Longleaf Partners and Performance Trust Municipal is 0.17 (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

Modest diversification

The correlation between Longleaf Partners Fund and DJI is 0.26 (i.e., Modest 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

  0.99LLGLX Longleaf Partners GlobalPairCorr
  0.72LLSCX Longleaf Partners SmallPairCorr
  0.85VMVAX Vanguard Mid CapPairCorr
  0.88JVMAX John Hancock DisciplinedPairCorr
  0.91JVMIX John Hancock DisciplinedPairCorr
  0.83VMVIX Vanguard Mid CapPairCorr
  0.94JMVZX Jpmorgan Mid CapPairCorr
  0.94JMVRX Jpmorgan Mid CapPairCorr
  0.94JMVQX Jpmorgan Mid CapPairCorr
  0.94JMVYX Jpmorgan Mid CapPairCorr
  0.93JMVPX Jpmorgan Mid CapPairCorr
  0.91MVCAX Mfs Mid CapPairCorr
  0.65VFIAX Vanguard 500 IndexPairCorr
  0.62VTSAX Vanguard Total StockPairCorr
  0.63VTSMX Vanguard Total StockPairCorr
  0.61VITSX Vanguard Total StockPairCorr
  0.66VSMPX Vanguard Total StockPairCorr
  0.84VTIAX Vanguard Total InterPairCorr
  0.65VFINX Vanguard 500 IndexPairCorr
  0.92JGEFX Global EquityPairCorr
  0.9VGPMX Vanguard Global CapitalPairCorr
  0.99ACCLX Mid Cap ValuePairCorr
  0.91SMTYX Jpmorgan SmartretirementPairCorr
  0.89RALRX Growth StrategyPairCorr
  0.64NEAGX Needham Aggressive GrowthPairCorr
  0.84BRUDX Mfs Blended ResearchPairCorr
  0.78OPTIX Oppenheimer CapitalPairCorr
  0.71FOKPX Oklahoma College SavingsPairCorr
  0.75PFTPX Pimco Floating IncomePairCorr
  0.79TISPX Tiaa Cref SpPairCorr
  0.92FLMIX Muirfield Fund InstiPairCorr
  0.73PONAX Pimco IncomePairCorr
  0.71SLASX 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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