Longleaf Partners Small Cap Fund Market Value
| LLSCX Fund | USD 29.03 0.15 0.52% |
| Symbol | Longleaf |
Longleaf Partners 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Longleaf Partners' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Longleaf Partners.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Longleaf Partners on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Longleaf Partners Small Cap or generate 0.0% return on investment in Longleaf Partners over 30 days. Longleaf Partners is related to or competes with Needham Aggressive, Intal High, Calvert High, Franklin High, Siit High, Artisan High, and Morningstar Aggressive. The Small-Cap Fund normally invests at least 80 percent of net assets plus any borrowings for investment purposes in the... More
Longleaf Partners Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Longleaf Partners' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Longleaf Partners Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7901 | |||
| Information Ratio | 0.025 | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.5 |
Longleaf Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longleaf Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longleaf Partners' standard deviation. In reality, there are many statistical measures that can use Longleaf Partners historical prices to predict the future Longleaf Partners' volatility.| Risk Adjusted Performance | 0.133 | |||
| Jensen Alpha | 0.0578 | |||
| Total Risk Alpha | 0.0093 | |||
| Sortino Ratio | 0.0249 | |||
| Treynor Ratio | 0.2011 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Longleaf Partners' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Longleaf Partners Small Backtested Returns
At this stage we consider Longleaf Mutual Fund to be very steady. Longleaf Partners Small has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Longleaf Partners, which you can use to evaluate the volatility of the fund. Please verify Longleaf Partners' Mean Deviation of 0.645, risk adjusted performance of 0.133, and Downside Deviation of 0.7901 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of 0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Longleaf Partners' returns are expected to increase less than the market. However, during the bear market, the loss of holding Longleaf Partners is expected to be smaller as well.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Longleaf Partners Small Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Longleaf Partners time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Longleaf Partners Small price movement. The serial correlation of -0.79 indicates that around 79.0% of current Longleaf Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Longleaf Partners Small lagged returns against current returns
Autocorrelation, which is Longleaf Partners mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Longleaf Partners' mutual fund expected returns. We can calculate the autocorrelation of Longleaf Partners returns to help us make a trade decision. For example, suppose you find that Longleaf Partners has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Longleaf Partners regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Longleaf Partners mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longleaf Partners mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longleaf Partners mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Longleaf Partners Lagged Returns
When evaluating Longleaf Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longleaf Partners mutual fund have on its future price. Longleaf Partners autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Longleaf Partners autocorrelation shows the relationship between Longleaf Partners mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Longleaf Partners Small Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Longleaf Mutual Fund
Longleaf Partners financial ratios help investors to determine whether Longleaf Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Longleaf with respect to the benefits of owning Longleaf Partners security.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |