Active M Correlations
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.
Active |
Moving together with Active Mutual Fund
0.7 | NOCBX | Northern E Bond | PairCorr |
0.62 | NOAZX | Northern Arizona Tax | PairCorr |
0.97 | NOEMX | Northern Emerging Markets | PairCorr |
0.73 | NOFIX | Northern Fixed Income | PairCorr |
0.97 | NOIEX | Northern Income Equity | PairCorr |
0.99 | NOIGX | Northern International | PairCorr |
0.99 | NOINX | Northern International | PairCorr |
0.89 | NOITX | Northern Intermediate | PairCorr |
0.94 | NOMIX | Northern Mid Cap | PairCorr |
0.98 | NOLCX | Northern Large Cap | PairCorr |
0.95 | NOLVX | Northern Large Cap | PairCorr |
0.74 | NOTEX | Northern Tax Exempt | PairCorr |
0.96 | NOSIX | Northern Stock Index | PairCorr |
0.9 | NOSGX | Northern Small Cap | PairCorr |
0.91 | BSBAX | Northern Short Bond | PairCorr |
0.98 | BBALX | Northern Global Tactical | PairCorr |
0.95 | NSCKX | Northern Small Cap | PairCorr |
0.96 | NSIDX | Northern Small Cap | PairCorr |
0.95 | NSGRX | Northern Small Cap | PairCorr |
0.96 | NSITX | Northern Short Inter | PairCorr |
0.98 | NSRKX | Northern Global Sust | PairCorr |
0.99 | NSRIX | Northern Global Sust | PairCorr |
0.95 | NTAUX | Northern Tax Advantaged | PairCorr |
0.95 | SWSFX | Ultra Short Fixed | PairCorr |
0.77 | NCATX | Northern California Tax | PairCorr |
0.95 | NCITX | Northern California | PairCorr |
0.97 | NUEIX | Northern Quality Esg | PairCorr |
0.97 | NUESX | Northern Quality Esg | PairCorr |
0.95 | NUSFX | Northern Ultra Short | PairCorr |
0.95 | NGREX | Northern Global Real | PairCorr |
0.98 | NHFIX | Northern High Yield | PairCorr |
0.98 | NMFIX | Multi Manager Global | PairCorr |
0.98 | NMHYX | Multi Manager High | PairCorr |
0.92 | NMMGX | Multi Manager Global | PairCorr |
0.98 | NMMEX | Active M Emerging | PairCorr |
0.99 | VGTSX | Vanguard Total Inter | PairCorr |
Related Correlations Analysis
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SBFAX | 0.67 | 0.03 | 0.01 | 0.16 | 0.69 | 1.87 | 5.39 | |||
BTO | 0.91 | 0.19 | 0.14 | 0.37 | 0.88 | 2.27 | 6.26 | |||
FIDAX | 0.74 | 0.24 | 0.09 | (1.56) | 0.70 | 1.86 | 5.18 | |||
FNPIX | 1.09 | 0.05 | 0.07 | 0.16 | 1.19 | 2.64 | 8.00 | |||
GCFSX | 0.67 | 0.32 | 0.20 | (1.93) | 0.32 | 1.94 | 3.94 | |||
FIKBX | 0.81 | 0.30 | 0.13 | (1.87) | 0.69 | 2.01 | 5.93 | |||
MSVIX | 0.81 | 0.27 | 0.11 | (1.42) | 0.74 | 2.01 | 5.72 |