Northern Lights Correlations

STENX Fund

27.60 0.11 0.40%

The current 90-days correlation between Northern Lights and Rational Real Strategies is 0.07 (i.e., Significant 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

Significant diversification

The correlation between Northern Lights and DJI is 0.02 (i.e., Significant 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 board of governors.

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
0.67	SRTJX	Sierra Tactical Risk	Pair Corr
0.88	SIRZX	Sierra E Retirement	Pair Corr
0.97	SIRRX	Sierra E Retirement	Pair Corr
0.88	SIRAX	Sierra E Retirement	Pair Corr
0.87	SIRIX	Sierra E Retirement	Pair Corr
0.88	SIRCX	Sierra E Retirement	Pair Corr
0.8	SRFKX	Sierra Tactical Risk	Pair Corr
0.77	SRFJX	Sierra Tactical Risk	Pair Corr
0.78	SRFQX	Sierra Tactical Risk	Pair Corr

Moving against Northern Mutual Fund

0.5	FXIDX	Fixed Income Shares	Pair Corr
0.45	NECRX	Loomis Sayles E	Pair Corr

Related Correlations Analysis

	HRSTX	VFFVX	CCMSX	CPUCX	ARTQX	LOGBX
HRSTX		0.16	0.0	0.78	-0.02	0.7	HRSTX
VFFVX	0.16		0.0	0.23	0.89	0.69	VFFVX
CCMSX	0.0	0.0		0.0	0.0	0.0	CCMSX
CPUCX	0.78	0.23	0.0		0.07	0.75	CPUCX
ARTQX	-0.02	0.89	0.0	0.07		0.57	ARTQX
LOGBX	0.7	0.69	0.0	0.75	0.57		LOGBX
	HRSTX	VFFVX	CCMSX	CPUCX	ARTQX	LOGBX

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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

ARTQX	+ 0.89	VFFVX
CPUCX	+ 0.78	HRSTX
LOGBX	+ 0.75	CPUCX
LOGBX	+ 0.7	HRSTX
LOGBX	+ 0.69	VFFVX
LOGBX	+ 0.57	ARTQX

High negative correlations

ARTQX	- 0.02	HRSTX
LOGBX	- 0.0	CCMSX
ARTQX	- 0.0	CCMSX
CPUCX	- 0.0	CCMSX
CCMSX	- 0.0	VFFVX
CCMSX	- 0.0	HRSTX

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
HRSTX	0.06	(0.01)	0.19	1.19	0.12	(0.10)	0.12	(0.12)	0.71
VFFVX	0.63	0.01	0.00	(0.06)	0.00	0.00	1.12	(1.31)	3.75
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPUCX	0.25	0.01	0.23	0.11	0.25	(0.31)	0.44	(0.54)	1.45
ARTQX	0.73	(0.03)	0.00	(0.11)	0.00	0.00	1.39	(1.55)	3.11
LOGBX	0.52	0.00	0.00	(0.06)	0.00	0.00	0.83	(1.17)	4.19

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