North Square Correlations

Mutual Funds . USA . 
Fund . North Square Kennedy
NKMCX Fund   12.64  0.07  0.55%   
The current 90-days correlation between North Square Kennedy and Adirondack Small Cap is 0.93 (i.e., Almost no diversification). The correlation of North Square 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.

North Square Correlation With Market

Very poor diversification

The correlation between North Square Kennedy and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding North Square Kennedy and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North Square Kennedy. 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 main economic indicators.

Moving together with North Mutual Fund

  0.92NSIVX North Square InvestmentsPairCorr
  0.62ADVNX Advisory ResearchPairCorr
  0.99ADVGX Advisory Research AllPairCorr
  0.61ADVAX Api Efficient FrontierPairCorr
  0.99PORYX Oak Ridge MultiPairCorr
  0.96ORDNX Oak Ridge DividendPairCorr
  1.0ORIYX Oak Ridge SmallPairCorr
  1.0ORIGX Oak Ridge SmallPairCorr
  0.99ORILX Oak Ridge MultiPairCorr
  0.99ORSAX Oak Ridge DynamicPairCorr
  0.99ORSIX Oak Ridge DynamicPairCorr
  1.0VSMAX Vanguard Small CapPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  1.0DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.98RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.98INPIX Internet UltrasectorPairCorr
  0.98INPSX Internet UltrasectorPairCorr
  0.73BIPIX Biotechnology UltrasectorPairCorr
  0.99PSIFX Prudential Qma StockPairCorr
  0.98THOCX Thornburg Global OppPairCorr
  0.92BARAX Baron Asset FundPairCorr
  0.99FSCRX Fidelity Small CapPairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.99TBLIX Transamerica Multi-managedPairCorr
  0.98ARSIX Amg River RoadPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between North Mutual Fund performing well and North Square 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 North Square'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
ADKSX  0.80  0.10  0.09  0.24  0.75 
(0.91)
 2.09 
(1.54)
 5.11 
DTSVX  0.95  0.12  0.12  0.25  0.84 
(1.16)
 2.39 
(1.84)
 6.41 
INFIX  0.68  0.06 (0.02) 0.29  0.86 
(0.78)
 1.24 
(1.56)
 4.56 
NSIVX  0.51  0.06 (0.02) 0.29  0.45 
(0.59)
 1.07 
(0.93)
 3.38 
ADVNX  0.22  0.03 (0.34)(0.20) 0.24 
(0.25)
 0.42 
(0.62)
 1.36 
ADVGX  1.01  0.15  0.14  0.26  0.85 
(1.16)
 2.45 
(2.28)
 6.09 
ADVAX  0.22  0.02 (0.33)(0.19) 0.24 
(0.26)
 0.42 
(0.62)
 1.46 
PORYX  0.47  0.07  0.02  0.23  0.39 
(0.55)
 1.35 
(0.89)
 3.31 
NKMCX  0.90  0.17  0.16  0.30  0.72 
(1.08)
 2.59 
(1.73)
 5.43 
NMKBX  0.24  0.00 (0.36) 0.14  0.23 
(0.28)
 0.46 
(0.45)
 1.27 

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