λ is completely multiplicative since Ω(n) is completely additive, i.e.: Ω(ab) = Ω(a) + Ω(b). The number 1 has no prime factors, so Ω(1) = 0 and therefore λ(1) = 1. The Liouville function satisfies the identity:
The Dirichlet inverse of Liouville function is the absolute value of the Möbius function, which is equivalently the characteristic function of the squarefree integers. We also have that , and that for all natural numbers n:
Summatory Liouville function L(n) up to n = 104. The readily visible oscillations are due to the first non-trivial zero of the Riemann zeta function.
Summatory Liouville function L(n) up to n = 107. Note the apparent scale invariance of the oscillations.
Logarithmic graph of the negative of the summatory Liouville function L(n) up to n = 2 × 109. The green spike shows the function itself (not its negative) in the narrow region where the Pólya conjecture fails; the blue curve shows the oscillatory contribution of the first Riemann zero.
Harmonic Summatory Liouville function T(n) up to n = 103
the conjecture states that for n > 1. This turned out to be false. The smallest counter-example is n = 906150257, found by Minoru Tanaka in 1980. It has since been shown that L(n) > 0.0618672√n for infinitely many positive integers n, while it can also be shown via the same methods that L(n) < -1.3892783√n for infinitely many positive integers n.
For any , assuming the Riemann hypothesis, we have that the summatory function is bounded by
It was open for some time whether T(n) ≥ 0 for sufficiently big n ≥ n0 (this conjecture is occasionally–though incorrectly–attributed to Pál Turán). This was then disproved by Haselgrove (1958), who showed that T(n) takes negative values infinitely often. A confirmation of this positivity conjecture would have led to a proof of the Riemann hypothesis, as was shown by Pál Turán.
More generally, we can consider the weighted summatory functions over the Lioville function defined for any as follows for positive integers x where (as above) we have the special cases and 
These -weighted summatory functions are related to the Mertens function, or weighted summatory functions of the Moebius function. In fact, we have that the so-termed non-weigthed, or ordinary function precisely corresponds to the sum
Moreover, as noted in  these functions satisfy similar bounding asymptotic relations. For example, whenever , we see that there exists an absolute constant such that
where we can take , and with the remainder terms defined such that and as .
In particular, if we assume that the
Riemann hypothesis (RH) is true and that all of the non-trivial zeros, denoted by , of the [Riemann zeta function]] are simple, then for any and there exists an infinite sequence of which satisfies that for all v such that
where for any increasingly small we define
and where the remainder term
which of course tends to 0 as . These exact analytic formula expansions again share similar properties to those corresponding to the weighted Mertens function cases. Additionally, since we have another similarity in the form of to in so much as the dominant leading term in the previous formulas predicts a negative bias in the values of these functions over the positive natural numbers x.