Navigator Tactical Correlations

NTBAX Fund

USD 10.15 0.01 0.1%

The current 90-days correlation between Navigator Tactical Fixed and Navigator Equity Hedged is 0.06 (i.e., Significant diversification). The correlation of Navigator Tactical 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.

Navigator Tactical Correlation With Market

Very weak diversification

The correlation between Navigator Tactical Fixed and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Navigator Tactical Fixed 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 Navigator Tactical Fixed. 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 nation.

Moving together with Navigator Mutual Fund

0.85	NTAIX	Northern Lights	Pair Corr
0.99	NTBCX	Navigator Tactical Fixed	Pair Corr
0.96	NTBIX	Navigator Tactical Fixed	Pair Corr
0.75	NUSIX	Nuveen Infrastructure	Pair Corr
0.61	WARCX	Wells Fargo Advantage	Pair Corr
0.89	DFMAX	Davidson Multi Cap	Pair Corr
0.77	WWLAX	Westwood Largecap Value	Pair Corr
0.81	GMAWX	Gmo Small Cap	Pair Corr
0.75	CRF	Cornerstone Strategic	Pair Corr
0.84	DFSVX	Us Small Cap	Pair Corr
0.62	BDJ	Blackrock Enhanced Equity	Pair Corr
0.85	PLFIX	Largecap Sp 500	Pair Corr
0.72	FTQGX	Fidelity Focused Stock	Pair Corr
0.81	FLCNX	Fidelity Contrafund	Pair Corr
0.76	NSBFX	Nuveen Santa Barbara	Pair Corr
0.93	CAGIX	Calvert Aggressive	Pair Corr

Moving against Navigator Mutual Fund

0.6	GAAKX	Gmo Alternative Allo	Pair Corr
0.59	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	NAVIX	NTAIX	NTBAX	NTBCX	NTBIX	NTIIX	NUSIX
NAVIX		0.34	0.28	0.28	0.27	-0.21	0.27	NAVIX
NTAIX	0.34		0.85	0.79	0.83	-0.7	0.93	NTAIX
NTBAX	0.28	0.85		0.99	0.96	-0.27	0.75	NTBAX
NTBCX	0.28	0.79	0.99		0.95	-0.16	0.67	NTBCX
NTBIX	0.27	0.83	0.96	0.95		-0.29	0.75	NTBIX
NTIIX	-0.21	-0.7	-0.27	-0.16	-0.29		-0.8	NTIIX
NUSIX	0.27	0.93	0.75	0.67	0.75	-0.8		NUSIX
	NAVIX	NTAIX	NTBAX	NTBCX	NTBIX	NTIIX	NUSIX

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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

NTBCX	+ 0.99	NTBAX
NTBIX	+ 0.96	NTBAX
NTBIX	+ 0.95	NTBCX
NUSIX	+ 0.93	NTAIX
NTBAX	+ 0.85	NTAIX
NTBIX	+ 0.83	NTAIX

High negative correlations

NUSIX	- 0.8	NTIIX
NTIIX	- 0.7	NTAIX
NTIIX	- 0.29	NTBIX
NTIIX	- 0.27	NTBAX
NTIIX	- 0.21	NAVIX
NTIIX	- 0.16	NTBCX

Risk-Adjusted Indicators

There is a big difference between Navigator Mutual Fund performing well and Navigator Tactical 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 Navigator Tactical'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
NAVIX	8.43	4.18	0.00	2.82	0.00	0.00	1.41	0.00	282.49
NTAIX	0.47	0.06	0.04	0.20	0.42	(0.57)	1.08	(0.93)	3.92
NTBAX	0.12	0.01	(0.57)	0.18	0.00	(0.16)	0.20	(0.20)	0.60
NTBCX	0.12	0.00	(0.57)	0.15	0.00	(0.16)	0.30	(0.20)	0.60
NTBIX	0.12	0.02	(0.52)	0.51	0.00	(0.17)	0.30	(0.20)	0.60
NTIIX	0.13	(0.05)	0.00	(1.42)	0.00	0.00	0.32	(0.32)	1.49
NUSIX	0.03	0.01	0.00	3.30	0.00	0.00	0.10	0.00	0.10

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