Northern Lights Correlations

FFLS Etf

25.28 0.12 0.48%

The current 90-days correlation between Northern Lights and Franklin Templeton ETF is 0.49 (i.e., Very weak diversification). The correlation of Northern Lights 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.

Northern Lights Correlation With Market

Very weak diversification

The correlation between Northern Lights and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Lights and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Northern Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Northern Lights. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Northern Etf please use our How to Invest in Northern Lights guide.

Moving together with Northern Etf

0.96	FTLS	First Trust LongShort	Pair Corr
0.96	CLSE	Trust For Professional Low Volatility	Pair Corr
0.82	DFND	Siren DIVCON Dividend	Pair Corr
0.98	CLIX	ProShares Long Onlin	Pair Corr
0.98	ITDD	iShares Trust	Pair Corr
0.77	PALL	abrdn Physical Palladium	Pair Corr
0.64	SOXX	iShares Semiconductor ETF	Pair Corr
0.68	PFUT	Putnam Sustainable Future	Pair Corr
0.94	VFVA	Vanguard Value Factor	Pair Corr
0.63	SRLN	SPDR Blackstone Senior	Pair Corr
0.97	VYMI	Vanguard International	Pair Corr
0.83	FCOR	Fidelity Corporate Bond	Pair Corr
0.93	SAUG	First Trust Exchange	Pair Corr
0.68	CGGO	Capital Group Global	Pair Corr
0.94	DFAS	Dimensional Small Cap	Pair Corr
0.7	CERY	SPDR Series Trust	Pair Corr
0.96	SUPP	TCW Transform Supply	Pair Corr
0.96	CPSD	Calamos ETF Trust	Pair Corr
0.85	VBF	Invesco Van Kampen	Pair Corr
0.66	BUFD	FT Cboe Vest	Pair Corr
0.96	DFEV	Dimensional ETF Trust	Pair Corr
0.9	FXED	Tidal ETF Trust	Pair Corr
0.65	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.68	QTOC	Innovator ETFs Trust	Pair Corr
0.8	NFLX	Netflix Downward Rally	Pair Corr
0.93	MYMF	SPDR SSGA My2026	Pair Corr
0.73	HIDE	Alpha Architect High	Pair Corr

Related Correlations Analysis

	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO
DIEM		-0.62	0.69	0.67	0.69	0.56	0.71	0.65	0.67	DIEM
DIPS	-0.62		-0.96	-0.96	-0.95	-0.9	-0.95	-0.95	-0.96	DIPS
DISO	0.69	-0.96		0.94	0.92	0.86	0.93	0.93	0.93	DISO
DIVB	0.67	-0.96	0.94		0.98	0.97	0.95	0.99	0.99	DIVB
DIVD	0.69	-0.95	0.92	0.98		0.94	0.98	0.98	0.98	DIVD
DIVG	0.56	-0.9	0.86	0.97	0.94		0.89	0.97	0.96	DIVG
DIVI	0.71	-0.95	0.93	0.95	0.98	0.89		0.95	0.96	DIVI
DIVL	0.65	-0.95	0.93	0.99	0.98	0.97	0.95		0.99	DIVL
DIVO	0.67	-0.96	0.93	0.99	0.98	0.96	0.96	0.99		DIVO
	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DIVL	+ 0.99	DIVB
DIVO	+ 0.99	DIVB
DIVO	+ 0.99	DIVL
DIVD	+ 0.98	DIVB
DIVI	+ 0.98	DIVD
DIVL	+ 0.98	DIVD

High negative correlations

DIVO	- 0.96	DIPS
DIVB	- 0.96	DIPS
DISO	- 0.96	DIPS
DIVL	- 0.95	DIPS
DIVI	- 0.95	DIPS
DIVD	- 0.95	DIPS

Northern Lights Constituents Risk-Adjusted Indicators

There is a big difference between Northern Etf performing well and Northern Lights ETF 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 Northern Lights' 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DIEM	0.55	0.18	0.18	0.53	0.11	(0.68)	1.52	(1.02)	4.00
DIPS	1.35	(0.76)	0.00	1.77	0.00	0.00	1.63	(4.05)	8.13
DISO	0.81	0.33	0.37	0.66	0.00	(1.10)	1.83	(1.06)	8.62
DIVB	0.59	0.13	0.13	0.32	0.31	(0.70)	1.64	(0.89)	4.54
DIVD	0.53	0.09	0.05	0.29	0.44	(0.60)	1.31	(1.13)	3.11
DIVG	0.59	0.09	0.05	0.27	0.61	(0.64)	1.45	(1.18)	4.55
DIVI	0.56	0.11	0.05	0.35	0.44	(0.62)	1.37	(1.07)	3.32
DIVL	0.58	0.10	0.05	0.33	0.51	(0.69)	1.46	(0.97)	5.05
DIVO	0.44	0.12	0.13	0.35	0.00	(0.55)	1.31	(0.61)	3.08

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