Northern Trust Correlations

NTRS Stock

USD 111.16 0.57 0.52%

The current 90-days correlation between Northern Trust and Invesco Plc is 0.33 (i.e., Weak diversification). The correlation of Northern Trust 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 Trust Correlation With Market

Very weak diversification

The correlation between Northern Trust and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Trust 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 Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Northern Stock please use our How to Invest in Northern Trust guide.

Moving together with Northern Stock

0.88	V	Visa Class A	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.9	MA	Mastercard	Pair Corr
0.82	DYCQ	DT Cloud Acquisition	Pair Corr
0.65	ROCLW	Roth CH Acquisition	Pair Corr
0.85	EMCG	Embrace Change Acqui	Pair Corr
0.62	WAVS	Western Acquisition	Pair Corr
0.84	ESHA	ESH Acquisition Corp	Pair Corr
0.81	EVGR	Evergreen Corp	Pair Corr
0.62	DISTR	Distoken Acquisition	Pair Corr
0.72	ANSCW	Agriculture Natural	Pair Corr
0.61	WTMA	Welsbach Technology	Pair Corr
0.89	WAVSU	Western Acquisition	Pair Corr
0.77	FDUS	Fidus Investment Corp	Pair Corr

Moving against Northern Stock

0.58	BRACU	Broad Capital Acquisition	Pair Corr
0.53	RC	Ready Capital Corp	Pair Corr
0.42	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.41	EARN	Ellington Residential	Pair Corr
0.35	EMCGR	Embrace Change Acqui	Pair Corr
0.35	PFTAW	Portage Fintech Acqu	Pair Corr
0.34	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.88	BRKHU	BurTech Acquisition Corp	Pair Corr
0.42	BRKHW	BurTech Acquisition Corp	Pair Corr
0.33	GDSTW	Goldenstone Acquisition	Pair Corr
0.88	TWO	Two Harbors Investments	Pair Corr
0.85	TGAAU	Target Global Acquisition	Pair Corr

Related Correlations Analysis

	BK	IVZ	BEN	TROW	STT	AMP	FOCS	SEIC	AMK
BK		0.83	0.89	0.94	0.97	0.96	0.79	0.92	-0.29	BK
IVZ	0.83		0.73	0.79	0.83	0.81	0.64	0.73	-0.17	IVZ
BEN	0.89	0.73		0.96	0.93	0.89	0.62	0.91	-0.38	BEN
TROW	0.94	0.79	0.96		0.95	0.95	0.72	0.95	-0.33	TROW
STT	0.97	0.83	0.93	0.95		0.97	0.79	0.96	-0.27	STT
AMP	0.96	0.81	0.89	0.95	0.97		0.81	0.96	-0.23	AMP
FOCS	0.79	0.64	0.62	0.72	0.79	0.81		0.81	0.05	FOCS
SEIC	0.92	0.73	0.91	0.95	0.96	0.96	0.81		-0.27	SEIC
AMK	-0.29	-0.17	-0.38	-0.33	-0.27	-0.23	0.05	-0.27		AMK
	BK	IVZ	BEN	TROW	STT	AMP	FOCS	SEIC	AMK

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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

STT	+ 0.97	BK
AMP	+ 0.97	STT
AMP	+ 0.96	BK
TROW	+ 0.96	BEN
SEIC	+ 0.96	STT
SEIC	+ 0.96	AMP

High negative correlations

AMK	- 0.38	BEN
AMK	- 0.33	TROW
AMK	- 0.29	BK
AMK	- 0.27	SEIC
AMK	- 0.27	STT
AMK	- 0.23	AMP

Risk-Adjusted Indicators

There is a big difference between Northern Stock performing well and Northern Trust Company 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 Trust'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
BK	0.81	0.20	0.20	0.37	0.49	(0.96)	2.10	(1.32)	4.87
IVZ	1.37	(0.09)	0.00	0.07	1.53	(1.50)	2.82	(2.97)	6.84
BEN	1.18	0.10	0.08	0.22	1.27	(1.23)	2.77	(2.10)	6.27
TROW	1.11	0.05	0.08	0.17	1.10	(1.19)	2.24	(2.04)	7.96
STT	0.92	0.11	0.12	0.25	0.71	(1.13)	2.46	(1.47)	5.94
AMP	0.97	0.20	0.23	0.25	0.70	(1.15)	2.18	(1.66)	13.90
FOCS	0.09	0.00	(1.21)	0.51	0.07	(0.10)	0.21	(0.17)	0.56
SEIC	0.80	0.20	0.18	0.37	0.55	(0.94)	1.57	(1.56)	7.23
AMK	0.20	0.05	(0.31)	(1.39)	0.00	(0.24)	0.52	(0.41)	1.49

Northern Trust Corporate Management

Daniel CFA	Executive Group	Profile
Ian Headon	Head Services	Profile
Jennifer CFA	Senior Relations	Profile
K Mannard	Chief Officer	Profile

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