Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Small Cap
LLSCX Fund  USD 29.55  0.08  0.27%   
The current 90-days correlation between Longleaf Partners Small and Blackrock Government Bond is -0.12 (i.e., Good 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 Small Cap 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 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 unemployment.

Moving together with Longleaf Mutual Fund

  0.83VSMAX Vanguard Small CapPairCorr
  0.83VSCIX Vanguard Small CapPairCorr
  0.83VSCPX Vanguard Small CapPairCorr
  0.84NAESX Vanguard Small CapPairCorr
  0.84FSSNX Fidelity Small CapPairCorr
  0.83DFSTX Us Small CapPairCorr
  0.93FTHSX Fuller Thaler BehavioralPairCorr
  0.83FTHNX Fuller Thaler BehavioralPairCorr
  0.74PASVX T Rowe PricePairCorr
  0.74PRVIX T Rowe PricePairCorr
  0.79GAAKX Gmo Alternative AlloPairCorr
  0.79GAAGX Gmo Alternative AlloPairCorr
  0.65GPBFX Gmo E PlusPairCorr
  0.72GPMFX Guidepath Managed FuturesPairCorr
  0.65PQTAX Pimco Trends ManagedPairCorr
  0.75PQTNX Pimco Trends ManagedPairCorr
  0.75PQTIX Aa Pimco TrPairCorr
  0.66WARCX Wells Fargo AdvantagePairCorr
  0.66LGBCX Loomis Sayles InvestmentPairCorr
  0.77KMDNX Kinetics Multi-disciplinaPairCorr
  0.79CUBAX Calvert UnconstrainedPairCorr
  0.75NQWFX Nuveen Nwq FlexiblePairCorr
  0.82JAAZX Jhancock MultimanagerPairCorr
  0.82MMNJX MmnjxPairCorr
  0.84RSLBX Smallcap WorldPairCorr
  0.77HBATX Hartford ModeratePairCorr
  0.84MRSIX Mfs Research InternaPairCorr
  0.77EVAIX Eaton Vance VirginiaPairCorr
  0.81VINEX Vanguard InternationalPairCorr
  0.9TASZX Third Avenue SmallPairCorr
  0.84WSHNX Short Duration IncomePairCorr
  0.8AHYVX High Yield FundPairCorr
  0.66JGSRX John Hancock GlobalPairCorr
  0.81JAADX Jhvit International SmallPairCorr
  0.65SFDYX Simt Mid CapPairCorr
  0.7FSTBX Federated Global AllPairCorr
  0.74PRITX T Rowe PricePairCorr

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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