Active M Correlations

Mutual Funds . USA . 
Fund . Active M International
NMIEX Fund  USD 11.86  0.03  0.25%   
The current 90-days correlation between Active M International and Blackrock Science Technology is 0.37 (i.e., Weak diversification). The correlation of Active M 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.

Active M Correlation With Market

Average diversification

The correlation between Active M International and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Active M International 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 Active M International. 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 income.

Moving together with Active Mutual Fund

  0.78NOBOX Northern Bond IndexPairCorr
  0.78NOCBX Northern E BondPairCorr
  0.83NOEMX Northern Emerging MarketsPairCorr
  0.77NOFIX Northern Fixed IncomePairCorr
  0.83NOIGX Northern InternationalPairCorr
  0.84NOINX Northern InternationalPairCorr
  0.69NOITX Northern IntermediatePairCorr
  0.75NOUGX Northern GovernmentPairCorr
  0.67BSBAX Northern Short BondPairCorr
  0.64BBALX Northern Global TacticalPairCorr
  0.76BTIAX Northern Ustreasury IndexPairCorr
  0.68NSIUX Northern Short-intermediaPairCorr
  0.77NSITX Northern Short InterPairCorr
  0.64NTAUX Northern Tax AdvantagedPairCorr
  0.65SWSFX Ultra Short FixedPairCorr
  0.66NCITX Northern CaliforniaPairCorr
  0.65NUSFX Northern Ultra ShortPairCorr
  0.73NGREX Northern Global RealPairCorr
  0.65NHFIX Northern High YieldPairCorr
  0.83NMFIX Multi Manager GlobalPairCorr
  0.68NMHYX Multi Manager HighPairCorr
  0.7NMMEX Active M EmergingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Active Mutual Fund performing well and Active M 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 Active M'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY