Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Fund
LLPFX Fund  USD 24.71  0.13  0.52%   
The current 90-days correlation between Longleaf Partners and Prudential Government Money is -0.04 (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 Fund and DJI is 0.71 (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 census.

Moving together with Longleaf Mutual Fund

  0.98LLGLX Longleaf Partners GlobalPairCorr
  0.94LLINX Longleaf PartnersPairCorr
  0.99LLSCX Longleaf Partners SmallPairCorr
  0.97VMVAX Vanguard Mid CapPairCorr
  0.97JVMAX John Hancock DisciplinedPairCorr
  0.97JVMIX John Hancock DisciplinedPairCorr
  0.97VMVIX Vanguard Mid CapPairCorr
  0.97JMVZX Jpmorgan Mid CapPairCorr
  0.97JMVRX Jpmorgan Mid CapPairCorr
  0.97JMVQX Jpmorgan Mid CapPairCorr
  0.97JMVYX Jpmorgan Mid CapPairCorr
  0.97JMVPX Jpmorgan Mid CapPairCorr
  0.98VETAX Victory Sycamore EstPairCorr
  0.9CPAYX Columbia Pacific/asiaPairCorr
  0.9CASAX Columbia Pacific/asiaPairCorr
  0.9CASCX Columbia PacificasiaPairCorr
  0.91MSHLX Growth Portfolio ClassPairCorr
  0.92MSKLX Mid Cap Growth Steady GrowthPairCorr
  0.92CISGX Touchstone Sands CapitalPairCorr
  0.76DREYX Davis Real EstatePairCorr
  0.92MRNPX Msif InternationalPairCorr
  0.9AMANX Amana IncomePairCorr
  0.89GVEZX Value Equity InvestorPairCorr
  0.93SWNRX Schwab Target 2050PairCorr
  0.65FREEX Franklin Real EstatePairCorr
  0.89CEMIX Causeway Emerging MarketsPairCorr
  0.93VQNPX Vanguard Growth AndPairCorr
  0.94MUIGX Nationwide GrowthPairCorr
  0.66PRTXX T Rowe PricePairCorr
  0.92ASLAX Ab Select LongshortPairCorr
  0.89CSOIX Credit Suisse StrategicPairCorr
  0.96SSCYX Small CapitalizationPairCorr
  0.95SVLCX Columbia Select LargePairCorr
  0.87IHIAX Federated Emerging MarketPairCorr
  0.94SHDYX American Beacon ShapiroPairCorr

Related Correlations Analysis

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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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