Nt International Correlations

ANTSX Fund

USD 9.55 0.12 1.24%

The current 90-days correlation between Nt International Small and Aam Select Income is 0.24 (i.e., Modest diversification). The correlation of Nt International 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.

Nt International Correlation With Market

Very weak diversification

The correlation between Nt International Small Mid and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nt International Small Mid and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nt International Small Mid. 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 state.

Moving together with ANTSX Mutual Fund

0.64	AMVRX	Mid Cap Value	Pair Corr
0.64	AMVGX	Mid Cap Value	Pair Corr
0.7	TWGAX	International Growth	Pair Corr
0.71	TWGGX	Global Growth	Pair Corr
0.7	TWIEX	International Growth	Pair Corr
0.68	TWSAX	Strategic Allocation:	Pair Corr
0.71	TWSMX	Strategic Allocation:	Pair Corr

Related Correlations Analysis

	CPUCX	FVKVWX	ABVCX	OPTCX	WRLDX	RTIUX
CPUCX		-0.06	0.16	0.66	0.82	0.88	CPUCX
FVKVWX	-0.06		0.45	-0.18	0.12	0.05	FVKVWX
ABVCX	0.16	0.45		0.14	0.56	0.27	ABVCX
OPTCX	0.66	-0.18	0.14		0.67	0.78	OPTCX
WRLDX	0.82	0.12	0.56	0.67		0.84	WRLDX
RTIUX	0.88	0.05	0.27	0.78	0.84		RTIUX
	CPUCX	FVKVWX	ABVCX	OPTCX	WRLDX	RTIUX

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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

RTIUX	+ 0.88	CPUCX
RTIUX	+ 0.84	WRLDX
WRLDX	+ 0.82	CPUCX
RTIUX	+ 0.78	OPTCX
WRLDX	+ 0.67	OPTCX
OPTCX	+ 0.66	CPUCX

High negative correlations

OPTCX	- 0.18	FVKVWX
FVKVWX	- 0.06	CPUCX

Risk-Adjusted Indicators

There is a big difference between ANTSX Mutual Fund performing well and Nt International 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 Nt International'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
CPUCX	0.26	0.01	0.03	0.15	0.24	(0.31)	0.44	(0.45)	1.45
FVKVWX	0.71	0.10	0.08	0.16	1.03	(0.72)	1.50	(1.67)	4.47
ABVCX	0.65	0.02	0.03	0.02	0.82	(0.66)	1.38	(1.38)	3.68
OPTCX	0.06	0.00	0.00	2.45	0.06	(0.18)	0.21	(0.21)	0.93
WRLDX	0.59	0.05	0.07	(0.30)	0.76	(0.59)	1.24	(1.46)	2.96
RTIUX	0.59	0.11	0.13	0.20	0.62	(0.65)	1.47	(1.41)	5.02

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