North Square Correlations

NSIVX Fund

USD 11.76 0.05 0.43%

The correlation of North Square 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.

North Square Correlation With Market

Very weak diversification

The correlation between North Square Investments and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding North Square Investments 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 North Square Investments. 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 real.

Moving together with North Mutual Fund

0.96	ADVNX	Advisory Research	Pair Corr
0.9	ADVAX	Api Efficient Frontier	Pair Corr
0.88	NMKYX	North Square Mckee	Pair Corr
0.88	NMKBX	North Square Mckee	Pair Corr
0.84	ORDNX	Oak Ridge Dividend	Pair Corr
0.91	DOXFX	Dodge Cox International	Pair Corr
0.91	OANIX	Oakmark International	Pair Corr
0.99	DODFX	Dodge International Stock	Pair Corr
0.99	OAKIX	Oakmark International	Pair Corr
0.91	OAYIX	Oakmark International	Pair Corr
0.91	OAZIX	Oakmark International	Pair Corr
0.92	FINVX	Fidelity Series Inte	Pair Corr
0.9	VTRIX	Vanguard International	Pair Corr
0.93	RRIGX	T Rowe Price	Pair Corr
0.82	GAAKX	Gmo Alternative Allo	Pair Corr
0.83	GAAGX	Gmo Alternative Allo	Pair Corr
0.94	GPBFX	Gmo E Plus	Pair Corr
0.77	WARCX	Wells Fargo Advantage	Pair Corr
0.64	THNIX	Thornburg New Mexico	Pair Corr
0.76	THOIX	Thornburg Global Opp	Pair Corr
0.84	AILCX	American Beacon Inte	Pair Corr
0.63	MXCPX	Great-west Conservative	Pair Corr
0.68	FTELOX	Ftelox	Pair Corr
0.87	MFAAX	American Funds Mortgage	Pair Corr

Moving against North Mutual Fund

0.68	ORSIX	Oak Ridge Dynamic	Pair Corr
0.67	ORSAX	Oak Ridge Dynamic	Pair Corr
0.62	ORIYX	Oak Ridge Small	Pair Corr
0.62	ORIGX	Oak Ridge Small	Pair Corr
0.49	ADVGX	Advisory Research All	Pair Corr
0.83	PQTAX	Pimco Trends Managed	Pair Corr
0.83	PQTNX	Pimco Trends Managed	Pair Corr
0.83	PQTIX	Aa Pimco Tr	Pair Corr
0.68	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	SWGXX	JRSXX	DVFYX	GCFSX	FNPIX	AEYXX	VMRXX	FAFSX
SWGXX		0.0	0.42	0.5	0.04	0.0	0.44	0.09	SWGXX
JRSXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	JRSXX
DVFYX	0.42	0.0		0.86	0.88	0.0	0.47	0.73	DVFYX
GCFSX	0.5	0.0	0.86		0.62	0.0	0.78	0.38	GCFSX
FNPIX	0.04	0.0	0.88	0.62		0.0	0.24	0.85	FNPIX
AEYXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AEYXX
VMRXX	0.44	0.0	0.47	0.78	0.24	0.0		-0.04	VMRXX
FAFSX	0.09	0.0	0.73	0.38	0.85	0.0	-0.04		FAFSX
	SWGXX	JRSXX	DVFYX	GCFSX	FNPIX	AEYXX	VMRXX	FAFSX

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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

FNPIX	+ 0.88	DVFYX
GCFSX	+ 0.86	DVFYX
FAFSX	+ 0.85	FNPIX
VMRXX	+ 0.78	GCFSX
FAFSX	+ 0.73	DVFYX
FNPIX	+ 0.62	GCFSX

High negative correlations

FAFSX	- 0.04	VMRXX
FAFSX	- 0.0	AEYXX
VMRXX	- 0.0	AEYXX
AEYXX	- 0.0	FNPIX
AEYXX	- 0.0	GCFSX
AEYXX	- 0.0	DVFYX

Risk-Adjusted Indicators

There is a big difference between North Mutual Fund performing well and North Square 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 North Square'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
SWGXX	0.03	0.01	0.00	(2.95)	0.00	0.00	0.00	0.00	1.01
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.85	0.03	0.02	(0.33)	1.27	(0.82)	1.65	(2.39)	6.47
GCFSX	0.76	0.06	0.05	(0.50)	1.00	(0.79)	1.80	(2.41)	4.68
FNPIX	1.24	0.02	0.01	0.15	1.73	(1.29)	3.15	(3.48)	9.08
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMRXX	0.03	0.01	0.00	(0.84)	0.00	0.00	0.00	0.00	1.01
FAFSX	0.90	(0.06)	0.00	(0.05)	0.00	0.00	1.71	(2.71)	6.26

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