Northern Trust Correlations

TAXI Etf

USD 50.99 0.05 0.1%

The current 90-days correlation between Northern Trust Inter and Northern Trust Short Term is 0.19 (i.e., Average diversification). The correlation of Northern Trust 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.

Northern Trust Correlation With Market

Good diversification

The correlation between Northern Trust Intermediate and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Trust Intermediate and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Northern Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Northern Trust Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

For more detail on how to invest in Northern Etf please use our How to Invest in Northern Trust guide.

Moving together with Northern Etf

0.63	VTI	Vanguard Total Stock	Pair Corr
0.66	SPY	SPDR SP 500	Pair Corr
0.66	IVV	iShares Core SP	Pair Corr
0.68	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.65	VUG	Vanguard Growth Index	Pair Corr
0.71	VEA	Vanguard FTSE Developed	Pair Corr
0.71	VWO	Vanguard FTSE Emerging	Pair Corr
0.64	WGMI	Valkyrie Bitcoin Miners	Pair Corr
1.0	MUNC	Northern Funds	Pair Corr
0.71	NMAY	Innovator Growth 100	Pair Corr
0.64	VYMI	Vanguard International	Pair Corr
0.72	QQQ	Invesco QQQ Trust	Pair Corr
0.69	TSLP	Kurv Yield Premium	Pair Corr
0.67	BJUN	Innovator SP 500	Pair Corr
0.72	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.81	CEMB	iShares JP Morgan	Pair Corr
0.67	VGT	Vanguard Information	Pair Corr
0.78	IXSRF	IXSRF	Pair Corr
0.66	WIA	Western AssetClaymore	Pair Corr
0.72	IYW	iShares Technology ETF	Pair Corr
0.61	RAAX	VanEck Inflation All	Pair Corr
0.79	GLTR	abrdn Physical Precious	Pair Corr
0.83	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.68	SLV	iShares Silver Trust	Pair Corr
0.75	ESGE	iShares ESG Aware	Pair Corr
0.69	VOO	Vanguard SP 500	Pair Corr
0.93	FEMR	Fidelity Covington Trust	Pair Corr

Moving against Northern Etf

0.33

OCTD

Innovator Capital

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.16	0.47	-0.72	0.71	-0.7	0.23	-0.3	-0.64	-0.63	META
MSFT	0.16		0.34	0.21	-0.44	0.38	0.3	0.13	0.11	0.01	MSFT
UBER	0.47	0.34		-0.25	0.19	-0.31	0.09	0.34	-0.42	-0.2	UBER
F	-0.72	0.21	-0.25		-0.76	0.8	0.09	0.38	0.59	0.72	F
T	0.71	-0.44	0.19	-0.76		-0.92	-0.09	-0.31	-0.6	-0.53	T
A	-0.7	0.38	-0.31	0.8	-0.92		0.08	0.33	0.64	0.56	A
CRM	0.23	0.3	0.09	0.09	-0.09	0.08		-0.23	-0.16	-0.18	CRM
JPM	-0.3	0.13	0.34	0.38	-0.31	0.33	-0.23		-0.13	0.52	JPM
MRK	-0.64	0.11	-0.42	0.59	-0.6	0.64	-0.16	-0.13		0.44	MRK
XOM	-0.63	0.01	-0.2	0.72	-0.53	0.56	-0.18	0.52	0.44		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

A	+ 0.8	F
XOM	+ 0.72	F
T	+ 0.71	META
MRK	+ 0.64	A
MRK	+ 0.59	F
XOM	+ 0.56	A

High negative correlations

A	- 0.92	T
T	- 0.76	F
F	- 0.72	META
A	- 0.7	META
MRK	- 0.64	META
XOM	- 0.63	META

Northern Trust Competition Risk-Adjusted Indicators

There is a big difference between Northern Etf performing well and Northern Trust ETF 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 Trust'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
META	1.25	(0.36)	0.00	1.92	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.82	(0.07)	0.00	(3.80)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.42	(0.12)	0.00	(0.09)	0.00	0.00	3.34	(2.71)	9.09
F	1.42	0.15	0.09	0.14	1.54	(1.67)	3.66	(2.07)	16.30
T	0.99	(0.20)	0.00	(0.94)	0.00	0.00	1.84	(2.32)	6.25
A	1.30	0.25	0.18	0.22	1.13	(1.45)	3.82	(2.15)	11.03
CRM	1.59	(0.14)	0.00	(0.10)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.87	0.03	0.03	0.07	1.29	(0.82)	1.67	(1.91)	5.76
MRK	1.26	0.23	0.15	6.41	1.12	(1.60)	3.84	(2.36)	11.45
XOM	0.94	0.13	0.08	0.50	1.12	(0.92)	1.78	(1.93)	4.71

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