Northern Lights Correlations

NTAIX Fund

USD 9.79 0.01 0.10%

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

Significant diversification

The correlation between Northern Lights and DJI is 0.03 (i.e., Significant 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Lights. 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.

For more information on how to buy Northern Mutual Fund please use our How to Invest in Northern Lights guide.

Moving together with Northern Mutual Fund

0.99	NTBAX	Navigator Tactical Fixed	Pair Corr
0.97	NTBCX	Navigator Tactical Fixed	Pair Corr
0.97	NTBIX	Navigator Tactical Fixed	Pair Corr
0.64	NTIIX	Navigator Tactical	Pair Corr
0.97	NUSIX	Nuveen Infrastructure	Pair Corr
0.73	FBONX	American Funds American	Pair Corr
0.73	FBAFX	American Funds American	Pair Corr
0.73	ABALX	American Balanced	Pair Corr
0.68	BALCX	American Balanced	Pair Corr
0.73	BALFX	American Balanced	Pair Corr
0.68	RLBCX	American Balanced	Pair Corr
0.68	RLBBX	American Balanced	Pair Corr
0.68	CLBAX	American Balanced	Pair Corr
0.73	CLBEX	American Balanced	Pair Corr
0.68	RLBFX	American Balanced	Pair Corr
0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VTSMX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.95	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VGTSX	Vanguard Total Inter	Pair Corr
0.94	VTIAX	Vanguard Total Inter	Pair Corr
0.92	MTCLX	Mfs Technology	Pair Corr
0.92	RUSIX	Rbc Ultra Short	Pair Corr
0.88	FIKAX	Fidelity Advisor Energy	Pair Corr
0.67	FKAIX	Federated Kaufmann Small	Pair Corr
0.95	ITTIX	Hartford Balanced	Pair Corr
0.93	VYRIX	Vy T Rowe	Pair Corr
0.73	VWELX	Vanguard Wellington	Pair Corr
0.91	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.69	AAESX	Invesco Growth Allocation	Pair Corr
0.66	STMDX	Sterling Capital Stratton	Pair Corr

Moving against Northern Mutual Fund

0.36

NAVIX

Navigator Equity Hedged

Pair Corr

Related Correlations Analysis

	NAVIX	NTAIX	NTBAX	NTBCX	NTBIX	NTIIX	NUSIX
NAVIX		-0.36	-0.42	-0.42	-0.44	-0.47	-0.41	NAVIX
NTAIX	-0.36		0.99	0.97	0.97	0.64	0.97	NTAIX
NTBAX	-0.42	0.99		0.99	0.99	0.72	0.98	NTBAX
NTBCX	-0.42	0.97	0.99		1.0	0.7	0.97	NTBCX
NTBIX	-0.44	0.97	0.99	1.0		0.71	0.98	NTBIX
NTIIX	-0.47	0.64	0.72	0.7	0.71		0.68	NTIIX
NUSIX	-0.41	0.97	0.98	0.97	0.98	0.68		NUSIX
	NAVIX	NTAIX	NTBAX	NTBCX	NTBIX	NTIIX	NUSIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NTBIX	+ 1.0	NTBCX
NTBAX	+ 0.99	NTAIX
NTBCX	+ 0.99	NTBAX
NTBIX	+ 0.99	NTBAX
NUSIX	+ 0.98	NTBAX
NUSIX	+ 0.98	NTBIX

High negative correlations

NTIIX	- 0.47	NAVIX
NTBIX	- 0.44	NAVIX
NTBCX	- 0.42	NAVIX
NTBAX	- 0.42	NAVIX
NUSIX	- 0.41	NAVIX
NTAIX	- 0.36	NAVIX

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
NAVIX	0.02	0.00	0.00	(0.23)	0.00	0.00	0.00	0.00	0.27
NTAIX	0.48	0.17	0.01	7.35	0.20	(0.66)	1.07	(0.86)	5.04
NTBAX	0.12	0.03	(0.53)	1.82	0.00	(0.18)	0.32	(0.21)	1.07
NTBCX	0.12	0.04	(0.46)	(1.58)	0.00	(0.19)	0.32	(0.21)	1.17
NTBIX	0.14	0.05	(0.50)	(1.42)	0.00	(0.19)	0.32	(0.21)	1.28
NTIIX	0.22	0.00	(0.43)	0.18	0.24	(0.29)	0.47	(0.57)	1.40
NUSIX	0.03	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.10

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