Navigator Tactical Correlations

NTBIX Fund

USD 10.00 0.01 0.10%

The current 90-days correlation between Navigator Tactical Fixed and Siit Emerging Markets is 0.4 (i.e., Very weak 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

Poor diversification

The correlation between Navigator Tactical Fixed and DJI is 0.71 (i.e., Poor 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 gross domestic product.

Moving together with Navigator Mutual Fund

0.99	NTBCX	Navigator Tactical Fixed	Pair Corr
0.85	BSIKX	Blackrock Strategic	Pair Corr
0.88	BSICX	Blackrock Strategic Opps	Pair Corr
0.87	BASIX	Blackrock Strategic Opps	Pair Corr
0.86	BSIIX	Blackrock Strategic	Pair Corr
0.65	JSORX	Jpmorgan Strategic Income	Pair Corr
0.72	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.72	USGDX	Morgan Stanley Government	Pair Corr
0.88	DBIWX	Dws Global Macro	Pair Corr
0.61	SGDLX	Sprott Gold Equity	Pair Corr
0.87	HTD	John Hancock Tax	Pair Corr
0.82	DLDFX	Destinations Low Duration	Pair Corr
0.81	VICSX	Vanguard Intermediate-ter	Pair Corr
0.7	ABNOX	Ab Bond Inflation	Pair Corr
0.84	GIOIX	Guggenheim Macro Opp	Pair Corr
0.74	TIMUX	Transamerica Intermediate	Pair Corr
0.76	UTF	Cohen And Steers	Pair Corr
0.82	HWACX	Hotchkis Wiley Value	Pair Corr
0.72	PGLSX	Global Multi Strategy	Pair Corr
0.78	HRBDX	Harbor Bond Fund	Pair Corr

Related Correlations Analysis

	SEDAX	APDOX	SAEMX	RYACX	BELSX	FEMDX	TEOJX
SEDAX		0.8	0.42	0.24	0.56	0.95	0.85	SEDAX
APDOX	0.8		0.69	0.22	0.87	0.82	0.75	APDOX
SAEMX	0.42	0.69		0.45	0.78	0.34	0.71	SAEMX
RYACX	0.24	0.22	0.45		0.36	0.06	0.35	RYACX
BELSX	0.56	0.87	0.78	0.36		0.5	0.64	BELSX
FEMDX	0.95	0.82	0.34	0.06	0.5		0.81	FEMDX
TEOJX	0.85	0.75	0.71	0.35	0.64	0.81		TEOJX
	SEDAX	APDOX	SAEMX	RYACX	BELSX	FEMDX	TEOJX

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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
SEDAX	0.24	0.03	0.08	0.64	0.16	(0.33)	0.59	(0.36)	1.30
APDOX	0.16	0.04	0.11	2.66	0.05	(0.19)	0.38	(0.38)	1.07
SAEMX	0.58	0.06	0.07	0.62	0.76	(0.63)	1.18	(1.60)	3.59
RYACX	1.09	0.13	0.10	2.13	1.12	(1.25)	2.78	(2.16)	6.30
BELSX	0.44	0.08	0.14	0.58	0.42	(0.49)	0.93	(0.89)	2.59
FEMDX	0.15	0.02	0.08	5.39	0.00	(0.20)	0.42	(0.26)	1.11
TEOJX	0.78	0.09	0.08	5.99	0.93	(0.83)	1.54	(1.53)	5.83

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Navigator Tactical Correlations

Navigator Tactical Correlation With Market

Poor diversification

Moving together with Navigator Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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