Longleaf Partners Correlations

Mutual Funds . USA . 
Fund . Longleaf Partners Small Cap
LLSCX Fund  USD 29.16  0.08  0.27%   
The current 90-days correlation between Longleaf Partners Small and Allianzgi Health Sciences is 0.58 (i.e., Very weak 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 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Longleaf Partners 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 main economic indicators.

Moving together with Longleaf Mutual Fund

  0.97LLGLX Longleaf Partners GlobalPairCorr
  0.93LLINX Longleaf PartnersPairCorr
  0.99LLPFX Longleaf PartnersPairCorr
  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.95FSSNX Fidelity Small CapPairCorr
  0.97DFSTX Us Small CapPairCorr
  0.97PASVX T Rowe PricePairCorr
  0.97PRVIX T Rowe PricePairCorr
  0.97TRZVX T Rowe PricePairCorr
  0.97PRSVX T Rowe PricePairCorr
  0.86PFN Pimco Income StrategyPairCorr
  0.89CIF Mfs Intermediate HighPairCorr
  0.7NXJ Nuveen New JerseyPairCorr
  0.88PCF Putnam High IncomePairCorr
  0.91CGNGX American Funds GrowthPairCorr
  0.92MMNIX Miller Market NeutralPairCorr
  0.91PRSCX T Rowe PricePairCorr
  0.97VMVAX Vanguard Mid CapPairCorr
  0.96FMVUX Matson Money EquityPairCorr
  0.89CSHIX Credit Suisse FloatingPairCorr
  0.95ETIDX Eventide Global DividendPairCorr
  0.95MFRFX Mfs ResearchPairCorr
  0.96FTVCX Fuller Thaler BehavioralPairCorr
  0.89HRINX Harbor InternationalPairCorr
  0.75FLDAX Franklin Low DurationPairCorr
  0.97UBVRX Undiscovered ManagersPairCorr
  0.97AVUVX Avantis Small CapPairCorr
  0.93FNKLX Fidelity Series EquityPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.82CSSPX Cohen Steers GlobalPairCorr

Moving against Longleaf Mutual Fund

  0.32XDSMX Dreyfus StrategicPairCorr
  0.43XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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