Northern Lights Correlations

MVFD Etf

28.00 0.07 0.25%

The current 90-days correlation between Northern Lights and EA Series Trust 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.

Northern Lights Correlation With Market

Very poor diversification

The correlation between Northern Lights and DJI is 0.88 (i.e., Very poor 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 etf could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Northern Etf refer to our How to Trade Northern Etf guide.

Moving together with Northern Etf

0.65	AOR	iShares Core Growth	Pair Corr
0.76	GDMA	Alpha Architect Gdsdn	Pair Corr
0.9	TUG	STF Tactical Growth	Pair Corr
0.84	RAAX	VanEck Inflation All	Pair Corr
0.87	OCIO	ClearShares OCIO ETF	Pair Corr
0.9	MFUL	Collaborative Investment	Pair Corr
0.93	RULE	Collaborative Investment	Pair Corr
0.69	RRH	Advocate Capital Man	Pair Corr
0.92	SIXD	AIM ETF Products	Pair Corr
0.78	CEFD	ETRACS Monthly Pay	Pair Corr
0.84	TSJA	TSJA	Pair Corr
0.83	DSJA	DSJA	Pair Corr
0.91	EOS	Eaton Vance Enhanced	Pair Corr
0.88	ETH	Grayscale Ethereum Mini	Pair Corr
0.92	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.73	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.66	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.84	DIS	Walt Disney Sell-off Trend	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.81	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.85	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Northern Etf

0.85	ULE	ProShares Ultra Euro	Pair Corr
0.81	VIIX	VIIX	Pair Corr
0.78	YCL	ProShares Ultra Yen	Pair Corr
0.76	FXY	Invesco CurrencyShares	Pair Corr
0.34	MPRO	Northern Lights	Pair Corr
0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.75	KO	Coca Cola Aggressive Push	Pair Corr
0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	DRAI	DUKQ	MVFD	MVFG	NDAA	FCUS	FIRI	FIRS	XFLX
DRAI		0.44	0.35	0.76	0.0	0.24	0.19	0.16	0.21	DRAI
DUKQ	0.44		0.97	0.78	-0.31	0.97	-0.11	-0.12	-0.15	DUKQ
MVFD	0.35	0.97		0.75	-0.23	0.96	-0.1	-0.1	-0.14	MVFD
MVFG	0.76	0.78	0.75		0.03	0.64	0.03	0.01	0.26	MVFG
NDAA	0.0	-0.31	-0.23	0.03		-0.36	0.17	0.1	0.72	NDAA
FCUS	0.24	0.97	0.96	0.64	-0.36		-0.15	-0.19	-0.27	FCUS
FIRI	0.19	-0.11	-0.1	0.03	0.17	-0.15		-0.13	0.14	FIRI
FIRS	0.16	-0.12	-0.1	0.01	0.1	-0.19	-0.13		0.12	FIRS
XFLX	0.21	-0.15	-0.14	0.26	0.72	-0.27	0.14	0.12		XFLX
	DRAI	DUKQ	MVFD	MVFG	NDAA	FCUS	FIRI	FIRS	XFLX

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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

MVFD	+ 0.97	DUKQ
FCUS	+ 0.97	DUKQ
FCUS	+ 0.96	MVFD
MVFG	+ 0.78	DUKQ
MVFG	+ 0.76	DRAI
MVFG	+ 0.75	MVFD

High negative correlations

FCUS	- 0.36	NDAA
NDAA	- 0.31	DUKQ
XFLX	- 0.27	FCUS
NDAA	- 0.23	MVFD
FIRS	- 0.19	FCUS
FIRI	- 0.15	FCUS

Northern Lights Constituents Risk-Adjusted Indicators

There is a big difference between Northern Etf performing well and Northern Lights 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 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
DRAI	0.71	(0.08)	(0.08)	0.02	1.22	(0.66)	1.38	(1.89)	5.57
DUKQ	0.58	0.01	0.00	0.14	0.64	(0.62)	1.11	(1.32)	4.44
MVFD	0.64	0.00	(0.01)	0.12	0.59	(0.77)	1.33	(1.18)	5.15
MVFG	0.52	(0.03)	(0.12)	0.07	0.66	(0.53)	1.11	(1.05)	2.86
NDAA	0.41	0.01	(0.16)	0.15	0.45	(0.45)	1.02	(0.86)	1.96
FCUS	0.95	0.16	0.16	0.25	0.84	(1.17)	2.33	(1.09)	6.90
FIRI	0.14	(0.01)	0.00	1.00	0.00	0.00	0.20	(0.30)	0.45
FIRS	0.33	0.07	0.00	(15.39)	0.00	0.00	0.69	(0.39)	1.09
XFLX	0.20	(0.01)	(0.44)	0.04	0.23	(0.21)	0.44	(0.43)	1.23

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