Navigator Tactical Correlations

NTBIX Fund

USD 9.61 0.01 0.10%

The current 90-days correlation between Navigator Tactical Fixed and Navigator Equity Hedged is 0.01 (i.e., Significant diversification). The correlation of Navigator Tactical 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.

Navigator Tactical Correlation With Market

Very weak diversification

The correlation between Navigator Tactical Fixed and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Navigator Tactical Fixed 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 Navigator Tactical Fixed. 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.

Moving together with Navigator Mutual Fund

0.99	NTAIX	Northern Lights	Pair Corr
1.0	NTBAX	Navigator Tactical Fixed	Pair Corr
1.0	NTBCX	Navigator Tactical Fixed	Pair Corr
0.98	NUSIX	Nuveen Infrastructure	Pair Corr
0.81	BSIKX	Blackrock Strategic	Pair Corr
0.76	BSICX	Blackrock Strategic Opps	Pair Corr
0.76	BASIX	Blackrock Strategic Opps	Pair Corr
0.81	BSIIX	Blackrock Strategic	Pair Corr
0.96	JSORX	Jpmorgan Strategic Income	Pair Corr
0.68	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.75	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.96	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.95	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.65	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.74	FSMMX	Fs Multi Strategy	Pair Corr
0.78	BTMPX	Ishares Msci Eafe	Pair Corr
0.78	BTMKX	Blackrock International	Pair Corr
0.78	MDIIX	Blackrock Intern Index	Pair Corr
0.77	PCIMX	California Intermediate	Pair Corr
0.75	MECZX	Amg Managers Cadence	Pair Corr
0.79	VWINX	Vanguard Wellesley Income	Pair Corr
0.87	DNREX	Dunham Real Estate	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.77	QTSSX	Quantified Tactical	Pair Corr
0.81	TEDTX	Tiaa Cref Emerging	Pair Corr
0.75	SWCGX	Schwab Markettrack	Pair Corr
0.8	AOFAX	Alger Small Cap	Pair Corr
0.79	FSELX	Fidelity Select Semi	Pair Corr
0.96	SHXYX	American Beacon Shapiro	Pair Corr
0.76	LSIRX	Clearbridge Mid Cap	Pair Corr
0.61	IFBFX	Intermediate Bond	Pair Corr
0.86	MSQLX	International Equity	Pair Corr
0.74	LEKKX	Blackrock Lifepath Esg	Pair Corr

Moving against Navigator Mutual Fund

0.56

NAVIX

Navigator Equity Hedged

Pair Corr

Related Correlations Analysis

	NAVIX	NTAIX	NTBAX	NTBCX	NTBIX	NTIIX	NUSIX
NAVIX		-0.51	-0.56	-0.55	-0.56	-0.5	-0.54	NAVIX
NTAIX	-0.51		0.99	0.99	0.99	0.64	0.97	NTAIX
NTBAX	-0.56	0.99		1.0	1.0	0.72	0.98	NTBAX
NTBCX	-0.55	0.99	1.0		1.0	0.72	0.98	NTBCX
NTBIX	-0.56	0.99	1.0	1.0		0.74	0.98	NTBIX
NTIIX	-0.5	0.64	0.72	0.72	0.74		0.68	NTIIX
NUSIX	-0.54	0.97	0.98	0.98	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

NTBCX	+ 1.0	NTBAX
NTBIX	+ 1.0	NTBAX
NTBIX	+ 1.0	NTBCX
NTBAX	+ 0.99	NTAIX
NTBCX	+ 0.99	NTAIX
NTBIX	+ 0.99	NTAIX

High negative correlations

NTBIX	- 0.56	NAVIX
NTBAX	- 0.56	NAVIX
NTBCX	- 0.55	NAVIX
NUSIX	- 0.54	NAVIX
NTAIX	- 0.51	NAVIX
NTIIX	- 0.5	NAVIX

Risk-Adjusted Indicators

There is a big difference between Navigator Mutual Fund performing well and Navigator Tactical 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 Navigator Tactical'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
NAVIX	0.01	(0.01)	0.00	(6.36)	0.00	0.00	0.00	0.00	0.32
NTAIX	0.48	0.11	0.06	0.33	0.20	(0.66)	1.07	(0.86)	5.04
NTBAX	0.12	0.03	(0.37)	0.41	0.00	(0.18)	0.32	(0.21)	1.07
NTBCX	0.12	0.02	(0.33)	0.32	0.00	(0.19)	0.32	(0.21)	1.17
NTBIX	0.14	0.03	(0.36)	0.35	0.00	(0.19)	0.32	(0.21)	1.28
NTIIX	0.22	0.00	(0.33)	0.07	0.24	(0.29)	0.47	(0.57)	1.40
NUSIX	0.03	0.01	0.00	3.22	0.00	0.00	0.10	0.00	0.10

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