Natixis Sustainable Correlations

Mutual Funds . USA . 
Fund . Natixis Sustainable Future
NSFEX Fund  USD 10.84  0.07  0.65%   
The current 90-days correlation between Natixis Sustainable and Hartford Healthcare Hls is 0.42 (i.e., Very weak diversification). The correlation of Natixis Sustainable 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.

Natixis Sustainable Correlation With Market

Very weak diversification

The correlation between Natixis Sustainable Future and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natixis Sustainable Future 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 Natixis Sustainable Future. 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 Natixis Mutual Fund

  0.91NOANX Natixis OakmarkPairCorr
  0.63LGBCX Loomis Sayles InvestmentPairCorr
  0.86LGMAX Loomis Sayles GlobalPairCorr
  0.87LGMCX Loomis Sayles GlobalPairCorr
  0.86LGMNX Loomis Sayles GlobalPairCorr
  0.84LGRCX Loomis Sayles GrowthPairCorr
  0.78LGRNX Loomis Sayles GrowthPairCorr
  0.8LGRRX Loomis Sayles GrowthPairCorr
  0.88VNVCX Vaughan Nelson ValuePairCorr
  0.88VNVAX Vaughan Nelson ValuePairCorr
  0.87VNVNX Vaughan Nelson ValuePairCorr
  0.87VNVYX Vaughan Nelson ValuePairCorr
  0.79NRCFX Aew Real EstatePairCorr
  0.79NRFAX Aew Real EstatePairCorr
  0.79NRFNX Aew Real EstatePairCorr
  0.78NRFYX Aew Real EstatePairCorr
  0.95NSFLX Natixis SustainablePairCorr
  0.94NSFKX Natixis SustainablePairCorr
  0.97NSFJX Natixis SustainablePairCorr

Related Correlations Analysis

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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   
LOGSX
+ 0.95
XXGRX
SHSSX
+ 0.94
HIAHX
SCHLX
+ 0.89
HIAHX
SCHLX
+ 0.87
SHSSX
SHSSX
+ 0.86
XXGRX
XXGRX
+ 0.85
HIAHX
  
High negative correlations   
BGHDX
- 0.17
SHSSX
BGHDX
- 0.1
LOGSX
BGHDX
- 0.09
HIAHX
BGHDX
- 0.05
XXGRX
SCHLX
- 0.01
BGHDX

Risk-Adjusted Indicators

There is a big difference between Natixis Mutual Fund performing well and Natixis Sustainable 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 Natixis Sustainable'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.

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