Northern Lights Correlations

NTAIX Fund

USD 10.15 0.03 0.29%

The current 90-days correlation between Northern Lights and Guidemark Large Cap is 0.4 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Northern Lights Correlation With Market

Weak diversification

The correlation between Northern Lights and DJI is 0.34 (i.e., Weak 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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Northern Mutual Fund please use our How to Invest in Northern Lights guide.

Moving together with Northern Mutual Fund

0.72	NTIIX	Navigator Tactical	Pair Corr
0.71	FBONX	American Funds American	Pair Corr
0.71	FBAFX	American Funds American	Pair Corr
0.73	ABALX	American Balanced	Pair Corr
0.74	BALCX	American Balanced	Pair Corr
0.73	RLBCX	American Balanced	Pair Corr
0.74	RLBBX	American Balanced	Pair Corr
0.73	CLBAX	American Balanced	Pair Corr
0.73	CLBEX	American Balanced	Pair Corr
0.73	RLBFX	American Balanced	Pair Corr

Moving against Northern Mutual Fund

0.6	NUSIX	Nuveen Infrastructure	Pair Corr
0.55	RYARX	Inverse Sp 500 Potential Growth	Pair Corr
0.55	AGIVX	Invesco Government	Pair Corr
0.46	ACCOX	International Value	Pair Corr
0.36	FSUGX	American Funds Government	Pair Corr
0.34	DIMIX	Dreyfus Short Interm	Pair Corr
0.33	MFIRX	Ms Global Fixed	Pair Corr
0.45	TRIGX	T Rowe Price	Pair Corr
0.38	VIITX	Vanguard Institutional	Pair Corr
0.37	HFHCX	Hartford Floating	Pair Corr
0.34	OSIIX	Oppenheimer Global Strtgc	Pair Corr

Related Correlations Analysis

	GMLVX	PAGLX	FMTIX	GGEAX	PBLIX	BPGSX	AUERX	SMYIX
GMLVX		0.18	0.54	0.33	0.49	0.77	0.04	0.28	GMLVX
PAGLX	0.18		0.86	0.78	0.73	-0.14	0.55	0.96	PAGLX
FMTIX	0.54	0.86		0.77	0.87	0.33	0.4	0.9	FMTIX
GGEAX	0.33	0.78	0.77		0.71	0.02	0.67	0.87	GGEAX
PBLIX	0.49	0.73	0.87	0.71		0.39	0.31	0.77	PBLIX
BPGSX	0.77	-0.14	0.33	0.02	0.39		-0.27	-0.03	BPGSX
AUERX	0.04	0.55	0.4	0.67	0.31	-0.27		0.64	AUERX
SMYIX	0.28	0.96	0.9	0.87	0.77	-0.03	0.64		SMYIX
	GMLVX	PAGLX	FMTIX	GGEAX	PBLIX	BPGSX	AUERX	SMYIX

Click cells to compare fundamentals

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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

SMYIX	+ 0.96	PAGLX
SMYIX	+ 0.9	FMTIX
PBLIX	+ 0.87	FMTIX
SMYIX	+ 0.87	GGEAX
FMTIX	+ 0.86	PAGLX
GGEAX	+ 0.78	PAGLX

High negative correlations

AUERX	- 0.27	BPGSX
BPGSX	- 0.14	PAGLX
SMYIX	- 0.03	BPGSX

Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern Lights 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 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
GMLVX	0.69	0.06	0.10	0.06	0.90	(0.75)	1.57	(1.62)	5.51
PAGLX	0.75	(0.03)	0.00	(0.11)	0.00	0.00	1.11	(1.62)	4.65
FMTIX	0.49	0.00	0.00	(0.08)	0.00	0.00	0.82	(0.99)	2.72
GGEAX	0.91	(0.10)	0.00	(0.23)	0.00	0.00	1.39	(2.13)	7.34
PBLIX	0.65	(0.06)	0.00	0.26	0.00	0.00	1.13	(1.35)	3.78
BPGSX	0.64	0.10	0.21	(1.33)	0.76	(0.67)	1.15	(0.98)	5.23
AUERX	1.18	(0.35)	0.00	(0.53)	0.00	0.00	1.57	(2.36)	19.53
SMYIX	0.83	(0.04)	0.00	(0.12)	0.00	0.00	1.25	(1.72)	4.51

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