Northern Global Correlations
The correlation of Northern Global 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 |
Moving together with Northern Mutual Fund
0.61 | NOBOX | Northern Bond Index | PairCorr |
0.7 | NOCBX | Northern E Bond | PairCorr |
0.72 | NOEMX | Northern Emerging Markets | PairCorr |
0.63 | NOFIX | Northern Fixed Income | PairCorr |
0.91 | NOIEX | Northern Income Equity | PairCorr |
0.92 | NOIGX | Northern International | PairCorr |
0.93 | NOINX | Northern International | PairCorr |
0.67 | NOITX | Northern Intermediate | PairCorr |
0.88 | NOMIX | Northern Mid Cap | PairCorr |
0.74 | NOLCX | Northern Large Cap | PairCorr |
0.71 | NOLVX | Northern Large Cap | PairCorr |
0.73 | NOSIX | Northern Stock Index | PairCorr |
0.66 | NOSGX | Northern Small Cap | PairCorr |
0.67 | BSBAX | Northern Short Bond | PairCorr |
0.74 | BBALX | Northern Global Tactical | PairCorr |
0.69 | NSCKX | Northern Small Cap | PairCorr |
0.7 | NSIDX | Northern Small Cap | PairCorr |
0.69 | NSGRX | Northern Small Cap | PairCorr |
0.74 | NSITX | Northern Short Inter | PairCorr |
0.74 | NSRKX | Northern Global Sust | PairCorr |
0.73 | NSRIX | Northern Global Sust | PairCorr |
0.73 | NTAUX | Northern Tax Advantaged | PairCorr |
0.72 | SWSFX | Ultra Short Fixed | PairCorr |
0.72 | NCITX | Northern California | PairCorr |
0.73 | NUEIX | Northern Quality Esg | PairCorr |
0.73 | NUESX | Northern Quality Esg | PairCorr |
0.72 | NUSFX | Northern Ultra Short | PairCorr |
0.7 | NHFIX | Northern High Yield | PairCorr |
0.67 | NMFIX | Multi Manager Global | PairCorr |
0.7 | NMIEX | Active M International | PairCorr |
0.72 | NMHYX | Multi Manager High | PairCorr |
0.71 | NMMEX | Active M Emerging | PairCorr |
0.99 | DFGEX | Dfa Global Real | PairCorr |
0.69 | VGRNX | Vanguard Global Ex | PairCorr |
0.95 | DFITX | Dfa International Real | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Northern Mutual Fund performing well and Northern Global 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 Northern Global'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
GCFSX | 0.65 | 0.19 | 0.17 | 0.41 | 0.35 | 1.94 | 3.94 | |||
PSSRX | 0.78 | 0.09 | 0.09 | 0.21 | 0.75 | 2.07 | 6.05 | |||
XFINX | 0.41 | (0.03) | 0.00 | 2.27 | 0.00 | 0.77 | 4.64 | |||
ICFAX | 0.79 | 0.05 | 0.04 | 0.18 | 0.85 | 2.16 | 5.58 | |||
FIDAX | 0.72 | 0.08 | 0.07 | 0.22 | 0.73 | 1.86 | 5.18 | |||
FTIXX | 0.03 | 0.01 | 0.00 | (3.32) | 0.00 | 0.00 | 1.01 | |||
BTO | 0.91 | 0.19 | 0.14 | 0.37 | 0.88 | 2.27 | 6.26 |