Northern Lights Correlations

STEJX Fund

27.69 0.12 0.43%

The current 90-days correlation between Northern Lights and Qs International Equity is 0.7 (i.e., Poor 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

Poor diversification

The correlation between Northern Lights and DJI is 0.7 (i.e., Poor 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 World Market Map 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 inflation.

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

0.99	SRSNX	Sierra Tactical Risk	Pair Corr
0.78	SRTJX	Sierra Tactical Risk	Pair Corr
1.0	STENX	Northern Lights	Pair Corr
0.88	SIRZX	Sierra E Retirement	Pair Corr
0.95	SIRRX	Sierra E Retirement	Pair Corr
0.96	SIRAX	Sierra E Retirement	Pair Corr
0.96	SIRIX	Sierra E Retirement	Pair Corr
0.89	SIRCX	Sierra E Retirement	Pair Corr
0.89	SRFKX	Sierra Tactical Risk	Pair Corr
0.76	SRFJX	Sierra Tactical Risk	Pair Corr
0.87	SRFQX	Sierra Tactical Risk	Pair Corr

Moving against Northern Mutual Fund

0.51	FXIDX	Fixed Income Shares	Pair Corr
0.33	NECRX	Loomis Sayles E	Pair Corr
0.31	LIFAX	Lord Abbett Inflation	Pair Corr

Related Correlations Analysis

	LGFEX	ARTNX	RBCIX	RTNSX	RRIGX	IAFEX	PAEIX
LGFEX		0.77	0.91	0.98	0.96	0.96	0.97	LGFEX
ARTNX	0.77		0.64	0.81	0.67	0.85	0.79	ARTNX
RBCIX	0.91	0.64		0.92	0.94	0.89	0.91	RBCIX
RTNSX	0.98	0.81	0.92		0.96	0.99	0.99	RTNSX
RRIGX	0.96	0.67	0.94	0.96		0.94	0.97	RRIGX
IAFEX	0.96	0.85	0.89	0.99	0.94		0.99	IAFEX
PAEIX	0.97	0.79	0.91	0.99	0.97	0.99		PAEIX
	LGFEX	ARTNX	RBCIX	RTNSX	RRIGX	IAFEX	PAEIX

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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
LGFEX	0.71	0.12	0.11	0.08	1.13	(0.69)	1.19	(1.61)	5.04
ARTNX	0.64	0.02	0.11	(0.25)	0.84	(0.68)	1.23	(1.48)	3.96
RBCIX	1.26	0.29	0.22	0.87	1.18	(1.48)	2.72	(2.01)	7.76
RTNSX	0.60	0.11	0.17	0.15	0.74	(0.65)	1.47	(1.45)	4.86
RRIGX	0.65	0.23	0.28	0.33	0.65	(0.72)	1.36	(1.24)	5.59
IAFEX	0.74	0.14	0.20	0.23	0.78	(0.79)	1.77	(1.25)	5.53
PAEIX	0.66	0.14	0.18	0.18	0.78	(0.71)	1.50	(1.54)	4.54

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