Northern Lights Correlations
NTAIX Fund | USD 9.79 0.01 0.10% |
The current 90-days correlation between Northern Lights and Dimensional Retirement Income is 0.47 (i.e., Very weak diversification). The correlation of Northern Lights 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.
Northern Lights Correlation With Market
Good diversification
The correlation between Northern Lights and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Lights and DJI in the same portfolio, assuming nothing else is changed.
Northern |
Moving together with Northern Mutual Fund
0.99 | NTBAX | Navigator Tactical Fixed | PairCorr |
0.98 | NTBCX | Navigator Tactical Fixed | PairCorr |
0.97 | NTBIX | Navigator Tactical Fixed | PairCorr |
0.68 | NTIIX | Navigator Tactical | PairCorr |
0.96 | FBONX | American Funds American | PairCorr |
0.96 | FBAFX | American Funds American | PairCorr |
0.97 | ABALX | American Balanced | PairCorr |
0.97 | BALCX | American Balanced | PairCorr |
0.96 | BALFX | American Balanced | PairCorr |
0.97 | RLBCX | American Balanced | PairCorr |
0.96 | RLBBX | American Balanced | PairCorr |
0.97 | CLBAX | American Balanced | PairCorr |
0.96 | CLBEX | American Balanced | PairCorr |
0.96 | RLBFX | American Balanced | PairCorr |
0.88 | MGGYX | Mirova Global Green | PairCorr |
0.95 | HLDIX | Hartford Emerging | PairCorr |
0.94 | HLDRX | Hartford Emerging | PairCorr |
0.95 | HLDAX | Hartford Emerging | PairCorr |
0.95 | HLDCX | Hartford Emerging | PairCorr |
0.95 | HLDTX | Hartford Emerging | PairCorr |
0.96 | VFIAX | Vanguard 500 Index | PairCorr |
0.64 | RICAX | Investment Of America | PairCorr |
0.92 | BBHLX | Bbh Partner Fund | PairCorr |
0.66 | SHLMX | Stone Harbor Local | PairCorr |
0.96 | VFINX | Vanguard 500 Index | PairCorr |
0.65 | AGYWX | Growth Fund Y | PairCorr |
0.95 | JGASX | Jpmorgan Growth Advantage | PairCorr |
0.95 | MCGIX | Amg Managers Montag | PairCorr |
0.79 | LTNYX | Opnhmr Rchstr | PairCorr |
0.92 | PBCJX | Blue Chip Fund | PairCorr |
0.93 | NBGTX | Neuberger Berman Guardian | PairCorr |
0.97 | JDCAX | Janus Forty Fund | PairCorr |
0.92 | PGOAX | Prudential Jennison Small | PairCorr |
Moving against Northern Mutual Fund
Related Correlations Analysis
0.98 | 0.98 | 0.98 | 0.99 | 0.99 | 0.97 | TDIFX | ||
0.98 | 0.98 | 1.0 | 0.98 | 0.99 | 0.99 | JLMOX | ||
0.98 | 0.98 | 0.98 | 1.0 | 0.99 | 0.98 | PPLSX | ||
0.98 | 1.0 | 0.98 | 0.98 | 0.98 | 1.0 | RRTBX | ||
0.99 | 0.98 | 1.0 | 0.98 | 1.0 | 0.98 | BIMPX | ||
0.99 | 0.99 | 0.99 | 0.98 | 1.0 | 0.98 | FHRVX | ||
0.97 | 0.99 | 0.98 | 1.0 | 0.98 | 0.98 | TWSMX | ||
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Risk-Adjusted Indicators
There is a big difference between Northern Mutual Fund performing well and Northern Lights 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 Lights' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TDIFX | 0.14 | 0.07 | (0.56) | (1.80) | 0.00 | 0.44 | 1.05 | |||
JLMOX | 0.26 | 0.03 | (0.21) | 0.29 | 0.00 | 0.82 | 1.96 | |||
PPLSX | 0.33 | 0.17 | (0.09) | (1.87) | 0.00 | 1.11 | 2.58 | |||
RRTBX | 0.27 | 0.04 | (0.20) | 0.31 | 0.00 | 0.97 | 1.99 | |||
BIMPX | 0.30 | 0.14 | (0.17) | (2.37) | 0.00 | 1.00 | 2.03 | |||
FHRVX | 0.23 | 0.10 | (0.29) | (2.91) | 0.00 | 0.61 | 1.64 | |||
TWSMX | 0.38 | 0.06 | (0.06) | 0.31 | 0.00 | 1.10 | 2.69 |