Longleaf Partners Correlations

LLINX Fund  USD 15.67  0.02  0.13%   
The current 90-days correlation between Longleaf Partners and Guggenheim High Yield is -0.02 (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

LongleafDowDiversified AwayLongleafDowDiversified Away100%

Significant diversification

The correlation between Longleaf Partners Internationa and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Longleaf Partners Internationa 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 International. 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 board of governors.

Moving together with Longleaf Mutual Fund

  0.81LLGLX Longleaf Partners GlobalPairCorr
  0.7LLPFX Longleaf PartnersPairCorr
  0.85LLSCX Longleaf Partners SmallPairCorr
  0.63VGTSX Vanguard Total InterPairCorr
  0.63VTIAX Vanguard Total InterPairCorr
  0.63VTSNX Vanguard Total InterPairCorr
  0.63VTPSX Vanguard Total InterPairCorr
  0.63VTISX Vanguard Total InterPairCorr
  0.76XDSMX Dreyfus StrategicPairCorr
  0.78XNXJX Nuveen New JerseyPairCorr
  0.69NXJ Nuveen New JerseyPairCorr
  0.8XNBHX Neuberger Berman IntPairCorr
  0.73RDLTX American Funds 2065PairCorr
  0.74FHRVX Fidelity Managed RetPairCorr
  0.66AINGX Inflation Adjusted BondPairCorr
  0.7GICAX Goldman Sachs InternPairCorr
  0.63PXNIX Pax Msci EafePairCorr
  0.73UGSFX Us Government SecuritiesPairCorr
  0.83FTTCX Franklin Lifesmart 2025PairCorr
  0.74CFLQX Lord Abbett ClimatePairCorr

Moving against Longleaf Mutual Fund

  0.83RYAQX Inverse Government LongPairCorr

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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