Northern Ustreasury Correlations

BTIAX Fund

USD 19.05 0.02 0.10%

The current 90-days correlation between Northern Ustreasury Index and Arrow Managed Futures is 0.08 (i.e., Significant diversification). The correlation of Northern Ustreasury 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 Ustreasury Correlation With Market

Modest diversification

The correlation between Northern Ustreasury Index and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Ustreasury Index and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Northern Ustreasury Index. 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 nation.

Moving together with Northern Mutual Fund

0.9	NOCBX	Northern E Bond	Pair Corr
0.82	NOAZX	Northern Arizona Tax	Pair Corr
0.88	NOFIX	Northern Fixed Income	Pair Corr
0.62	NOIGX	Northern International	Pair Corr
0.78	NOITX	Northern Intermediate	Pair Corr
0.68	NOMIX	Northern Mid Cap	Pair Corr
0.74	NOLCX	Northern Large Cap	Pair Corr
0.71	NOLVX	Northern Large Cap	Pair Corr
0.84	NOTEX	Northern Tax Exempt	Pair Corr
0.65	NOSIX	Northern Stock Index	Pair Corr
0.61	NOSGX	Northern Small Cap	Pair Corr
1.0	NOUGX	Northern Government	Pair Corr
0.77	BBALX	Northern Global Tactical	Pair Corr
0.65	NSCKX	Northern Small Cap	Pair Corr
0.7	NSIDX	Northern Small Cap	Pair Corr
0.64	NSGRX	Northern Small Cap	Pair Corr
0.78	NSRIX	Northern Global Sust	Pair Corr
0.81	NCATX	Northern California Tax	Pair Corr
0.85	NCITX	Northern California	Pair Corr
0.7	NGREX	Northern Global Real	Pair Corr
0.68	NMFIX	Multi Manager Global	Pair Corr
0.62	NMMEX	Active M Emerging	Pair Corr
0.88	VFIJX	Vanguard Gnma	Pair Corr
0.84	VSIGX	Vanguard Intermediate-ter	Pair Corr
0.86	UGSFX	Us Government Securities	Pair Corr

Moving against Northern Mutual Fund

0.35

NUSFX

Northern Ultra Short

Pair Corr

Related Correlations Analysis

	MFTFX	WMCANX	FVKVWX	FABWX	HDCAX	FKHEMX	OPTCX
MFTFX		-0.26	0.09	-0.1	0.58	-0.24	0.3	MFTFX
WMCANX	-0.26		0.47	0.79	0.4	0.8	-0.28	WMCANX
FVKVWX	0.09	0.47		0.51	0.42	0.7	0.02	FVKVWX
FABWX	-0.1	0.79	0.51		0.39	0.64	-0.19	FABWX
HDCAX	0.58	0.4	0.42	0.39		0.37	0.08	HDCAX
FKHEMX	-0.24	0.8	0.7	0.64	0.37		-0.22	FKHEMX
OPTCX	0.3	-0.28	0.02	-0.19	0.08	-0.22		OPTCX
	MFTFX	WMCANX	FVKVWX	FABWX	HDCAX	FKHEMX	OPTCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FKHEMX	+ 0.8	WMCANX
FABWX	+ 0.79	WMCANX
FKHEMX	+ 0.7	FVKVWX
FKHEMX	+ 0.64	FABWX
HDCAX	+ 0.58	MFTFX
FABWX	+ 0.51	FVKVWX

High negative correlations

OPTCX	- 0.28	WMCANX
WMCANX	- 0.26	MFTFX
FKHEMX	- 0.24	MFTFX
OPTCX	- 0.22	FKHEMX
OPTCX	- 0.19	FABWX
FABWX	- 0.1	MFTFX

Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern Ustreasury 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 Ustreasury'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
MFTFX	0.96	0.20	0.09	1.15	1.04	(1.03)	1.88	(2.06)	5.07
WMCANX	0.49	0.10	0.04	1.71	0.54	(0.58)	1.07	(0.93)	2.41
FVKVWX	0.58	0.19	0.00	(7.43)	0.00	0.00	1.20	(1.24)	2.75
FABWX	0.91	0.15	0.05	1.65	1.57	(0.97)	1.52	(1.12)	6.74
HDCAX	0.47	0.08	0.06	0.25	0.37	(0.58)	0.95	(0.73)	3.80
FKHEMX	0.60	0.20	0.00	2.19	0.00	0.00	1.38	(1.13)	3.83
OPTCX	0.13	0.02	(0.20)	1.45	0.00	(0.22)	0.31	(0.31)	1.35

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC