Multi-manager Global Correlations

Mutual Funds . USA . 
Fund . Multi Manager Global Listed
NMFIX Fund  USD 13.35  0.03  0.23%   
The current 90-days correlation between Multi Manager Global and Atac Inflation Rotation is -0.2 (i.e., Good diversification). The correlation of Multi-manager 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.

Multi-manager Global Correlation With Market

Very weak diversification

The correlation between Multi Manager Global Listed and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Manager Global Listed 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 Multi Manager Global Listed. 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 gross domestic product.

Moving together with Multi-manager Mutual Fund

  0.63NOBOX Northern Bond IndexPairCorr
  0.75NOCBX Northern E BondPairCorr
  0.62NOAZX Northern Arizona TaxPairCorr
  0.94NOEMX Northern Emerging MarketsPairCorr
  0.77NOFIX Northern Fixed IncomePairCorr
  0.92NOIEX Northern Income EquityPairCorr
  0.98NOIGX Northern InternationalPairCorr
  0.98NOINX Northern InternationalPairCorr
  0.88NOITX Northern IntermediatePairCorr
  0.91NOMIX Northern Mid CapPairCorr
  0.93NOLCX Northern Large CapPairCorr
  0.92NOLVX Northern Large CapPairCorr
  0.79NOTEX Northern Tax ExemptPairCorr
  0.92NOSIX Northern Stock IndexPairCorr
  0.84NOSGX Northern Small CapPairCorr
  0.9BSBAX Northern Short BondPairCorr
  0.95BBALX Northern Global TacticalPairCorr
  0.91NSCKX Northern Small CapPairCorr
  0.92NSIDX Northern Small CapPairCorr
  0.91NSGRX Northern Small CapPairCorr
  0.62NSIUX Northern Short InterPairCorr
  0.92NSITX Northern Short InterPairCorr
  0.93NSRKX Northern Global SustPairCorr
  0.95NSRIX Northern Global SustPairCorr
  0.91NTAUX Northern Tax AdvantagedPairCorr
  0.92SWSFX Ultra Short FixedPairCorr
  0.8NCATX Northern California TaxPairCorr
  0.91NCITX Northern CaliforniaPairCorr
  0.92NUEIX Northern Quality EsgPairCorr
  0.92NUESX Northern Quality EsgPairCorr
  0.91NUSFX Northern Ultra ShortPairCorr
  0.96NGREX Northern Global RealPairCorr
  0.95NHFIX Northern High YieldPairCorr
  0.98NMIEX Active M InternationalPairCorr
  0.95NMHYX Multi Manager HighPairCorr
  0.95NMMGX Multi Manager GlobalPairCorr
  0.96NMMEX Active M EmergingPairCorr
  0.99GLIFX Lazard Global ListedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Multi-manager Mutual Fund performing well and Multi-manager 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 Multi-manager 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.

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