Northern Lights Correlations

Etfs . USA . 
Etf . Northern Lights
THY Etf  USD 22.89  0.02  0.09%   
The current 90-days correlation between Northern Lights and Northern Lights is 0.32 (i.e., Weak 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 0.03 (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 etf could be closely tied with the direction of predictive economic indicators such as signals in rate.
For more information on how to buy Northern Etf please use our How to Invest in Northern Lights guide.

Moving together with Northern Etf

  0.64HYDW Xtrackers Low BetaPairCorr
  0.81BND Vanguard Total BondPairCorr
  0.8VEA Vanguard FTSE DevelopedPairCorr
  0.64VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.76MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.67MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Moving against Northern Etf

  0.34VUG Vanguard Growth IndexPairCorr
  0.34VO Vanguard Mid Cap Potential GrowthPairCorr
  0.33IVV iShares Core SPPairCorr
  0.32VB Vanguard Small CapPairCorr
  0.53TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.48BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.41CSCO Cisco SystemsPairCorr
  0.38AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.37CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.32T ATT Inc Sell-off TrendPairCorr

Related Correlations Analysis

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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   
UAPR
+ 0.99
UFEB
UAPR
+ 0.98
MRSK
UFEB
+ 0.97
MRSK
ROMO
+ 0.72
MRSK
UAPR
+ 0.69
ROMO
UFEB
+ 0.68
ROMO
  
High negative correlations   
UFEB
- 0.75
TBJL
UAPR
- 0.72
TBJL
TBJL
- 0.62
MRSK
ROMO
- 0.44
TBJL

Northern Lights Constituents Risk-Adjusted Indicators

There is a big difference between Northern Etf performing well and Northern Lights ETF 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.

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