Active M Correlations

Mutual Funds . USA . 
Fund . Active M International
NMIEX Fund  USD 13.10  0.02  0.15%   
The current 90-days correlation between Active M International and 1919 Financial Services is 0.59 (i.e., Very weak diversification). The correlation of Active M 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.

Active M Correlation With Market

Poor diversification

The correlation between Active M International and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Active M International 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 Active M International. 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 income.

Moving together with Active Mutual Fund

  0.7NOCBX Northern E BondPairCorr
  0.62NOAZX Northern Arizona TaxPairCorr
  0.97NOEMX Northern Emerging MarketsPairCorr
  0.73NOFIX Northern Fixed IncomePairCorr
  0.97NOIEX Northern Income EquityPairCorr
  0.99NOIGX Northern InternationalPairCorr
  0.99NOINX Northern InternationalPairCorr
  0.89NOITX Northern IntermediatePairCorr
  0.94NOMIX Northern Mid CapPairCorr
  0.98NOLCX Northern Large CapPairCorr
  0.95NOLVX Northern Large CapPairCorr
  0.74NOTEX Northern Tax ExemptPairCorr
  0.96NOSIX Northern Stock IndexPairCorr
  0.9NOSGX Northern Small CapPairCorr
  0.91BSBAX Northern Short BondPairCorr
  0.98BBALX Northern Global TacticalPairCorr
  0.95NSCKX Northern Small CapPairCorr
  0.96NSIDX Northern Small CapPairCorr
  0.95NSGRX Northern Small CapPairCorr
  0.96NSITX Northern Short InterPairCorr
  0.98NSRKX Northern Global SustPairCorr
  0.99NSRIX Northern Global SustPairCorr
  0.95NTAUX Northern Tax AdvantagedPairCorr
  0.95SWSFX Ultra Short FixedPairCorr
  0.77NCATX Northern California TaxPairCorr
  0.95NCITX Northern CaliforniaPairCorr
  0.97NUEIX Northern Quality EsgPairCorr
  0.97NUESX Northern Quality EsgPairCorr
  0.95NUSFX Northern Ultra ShortPairCorr
  0.95NGREX Northern Global RealPairCorr
  0.98NHFIX Northern High YieldPairCorr
  0.98NMFIX Multi Manager GlobalPairCorr
  0.98NMHYX Multi Manager HighPairCorr
  0.92NMMGX Multi Manager GlobalPairCorr
  0.98NMMEX Active M EmergingPairCorr
  0.99VGTSX Vanguard Total InterPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Active Mutual Fund performing well and Active M 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 Active M'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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