Northern Short Correlations

NSIUX Fund

USD 9.42 0.01 0.11%

The current 90-days correlation between Northern Short Inter and Northern Bond Index is 0.04 (i.e., Significant diversification). The correlation of Northern Short 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Short Intermediate Government. 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 employment.

Moving together with Northern Mutual Fund

0.89	NOBOX	Northern Bond Index	Pair Corr
0.95	NOCBX	Northern E Bond	Pair Corr
0.94	NOFIX	Northern Fixed Income	Pair Corr
0.71	NOITX	Northern Intermediate	Pair Corr
0.64	NOTEX	Northern Tax Exempt	Pair Corr
0.91	NOUGX	Northern Government	Pair Corr
0.75	BSBAX	Northern Short Bond	Pair Corr
0.66	NSITX	Northern Short Inter	Pair Corr
0.73	SWSFX	Ultra Short Fixed	Pair Corr
0.64	NHFIX	Northern High Yield	Pair Corr
0.83	EASDX	Eaton Vance Short	Pair Corr
0.92	VFIRX	Vanguard Short Term	Pair Corr
0.92	VFISX	Vanguard Short Term	Pair Corr
0.9	VSGBX	Vanguard Short Term	Pair Corr

Related Correlations Analysis

	NOBOX	NOCBX	NOAZX	NOEMX	NOFIX	NOIEX	NOIGX	NOINX	NOITX	NOMIX
NOBOX		0.91	0.67	0.62	0.9	0.6	0.6	0.58	0.78	0.54	NOBOX
NOCBX	0.91		0.59	0.71	1.0	0.69	0.67	0.67	0.84	0.61	NOCBX
NOAZX	0.67	0.59		0.66	0.59	0.64	0.65	0.64	0.83	0.71	NOAZX
NOEMX	0.62	0.71	0.66		0.75	0.98	0.95	0.94	0.9	0.95	NOEMX
NOFIX	0.9	1.0	0.59	0.75		0.73	0.7	0.7	0.85	0.65	NOFIX
NOIEX	0.6	0.69	0.64	0.98	0.73		0.96	0.95	0.89	0.97	NOIEX
NOIGX	0.6	0.67	0.65	0.95	0.7	0.96		0.98	0.89	0.95	NOIGX
NOINX	0.58	0.67	0.64	0.94	0.7	0.95	0.98		0.89	0.93	NOINX
NOITX	0.78	0.84	0.83	0.9	0.85	0.89	0.89	0.89		0.88	NOITX
NOMIX	0.54	0.61	0.71	0.95	0.65	0.97	0.95	0.93	0.88		NOMIX
	NOBOX	NOCBX	NOAZX	NOEMX	NOFIX	NOIEX	NOIGX	NOINX	NOITX	NOMIX

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Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern Short 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 Short'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
NOBOX	0.27	0.02	(0.30)	(1.34)	0.24	(0.34)	0.56	(0.55)	1.43
NOCBX	0.24	0.01	(0.33)	0.23	0.22	(0.29)	0.46	(0.46)	1.38
NOAZX	0.14	0.02	(0.54)	(0.25)	0.07	(0.20)	0.32	(0.22)	1.09
NOEMX	0.50	0.19	0.20	0.56	0.00	(0.65)	1.71	(0.79)	4.12
NOFIX	0.25	0.01	(0.31)	0.24	0.21	(0.31)	0.46	(0.56)	1.38
NOIEX	0.63	0.12	0.12	0.27	0.51	(0.76)	1.96	(1.22)	5.08
NOIGX	0.53	0.23	0.13	(2.79)	0.25	(0.65)	1.45	(1.01)	3.03
NOINX	0.55	0.12	0.06	0.40	0.44	(0.63)	1.36	(1.17)	3.24
NOITX	0.11	0.01	(0.66)	0.27	0.00	(0.15)	0.21	(0.21)	0.95
NOMIX	0.77	0.26	0.10	(1.32)	0.75	(0.88)	2.11	(1.57)	6.15

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Northern Short Correlations

Moving together with Northern Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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