Nt International Correlations

Mutual Funds . USA . 
Fund . Nt International Small Mid
ANTSX Fund  USD 11.07  0.03  0.27%   
The current 90-days correlation between Nt International Small and Mid Cap Value is 0.41 (i.e., Very weak diversification). The correlation of Nt International 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.

Nt International Correlation With Market

Weak diversification

The correlation between Nt International Small Mid and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nt International Small Mid and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nt International Small Mid. 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 state.

Moving together with ANTSX Mutual Fund

  0.9AMDVX Mid Cap ValuePairCorr
  0.97AMEIX Equity GrowthPairCorr
  0.96AMGIX Income GrowthPairCorr
  0.68CDBCX Diversified BondPairCorr
  0.97AMKIX Emerging MarketsPairCorr
  0.68TWACX Short Term GovernmentPairCorr
  0.93TWADX Value Fund APairCorr
  0.95TWCCX Ultra Fund CPairCorr
  0.96TWCAX Select Fund APairCorr
  0.96TWCIX Select Fund InvestorPairCorr
  0.96TWCGX Growth Fund InvestorPairCorr
  0.74TWARX Short Term GovernmentPairCorr
  0.78TWAVX Short Term GovernmentPairCorr
  0.9AMVYX Mid Cap ValuePairCorr
  0.9AMVRX Mid Cap ValuePairCorr
  0.96TWBIX Balanced Fund InvestorPairCorr
  0.9AMVGX Mid Cap ValuePairCorr
  0.92TWEAX Equity IncomePairCorr
  0.92TWEIX Equity IncomePairCorr
  0.95TWCUX Ultra Fund InvestorPairCorr
  0.93TWGAX International GrowthPairCorr
  0.96TWGIX Growth Fund IPairCorr
  0.96TWGGX Global GrowthPairCorr
  0.93TWIEX International GrowthPairCorr
  0.95TWHIX Heritage Fund InvestorPairCorr
  0.96TWMIX Emerging MarketsPairCorr
  0.96TWRCX Growth Fund CPairCorr
  0.83TWTCX Intermediate Term TaxPairCorr
  0.86TWTIX Intermediate Term TaxPairCorr
  0.97TWSCX Strategic Allocation:PairCorr
  0.97TWSAX Strategic Allocation:PairCorr
  0.97TWSMX Strategic Allocation:PairCorr
  0.96TWSIX Select Fund IPairCorr
  0.79TWUSX Short Term GovernmentPairCorr
  0.94TWVLX Value Fund InvestorPairCorr
  0.95TWUAX Ultra Fund APairCorr
  0.95TWUIX Ultra Fund IPairCorr
  0.79TWUOX Short Term GovernmentPairCorr
  0.86TWWOX Intermediate Term TaxPairCorr
  0.97NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ANTSX Mutual Fund performing well and Nt International 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 Nt International's 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.70  0.00 (0.02) 0.13  0.76 
(0.74)
 1.96 
(1.39)
 4.36 
AMEIX  0.67  0.12  0.12  0.25  0.56 
(0.74)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.04  0.02  0.17  0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.26  0.00 (0.32) 0.17  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.21  0.19  0.59  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (0.88)(0.18) 0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.65  0.03 (0.01) 0.17  0.64 
(0.74)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.14  0.13  0.26  0.77 
(0.95)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.14  0.14  0.26  0.73 
(1.00)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.14  0.14  0.26  0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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