Northern Lights Correlations

IBD Etf

USD 24.17 0.01 0.04%

The current 90-days correlation between Northern Lights and Pacer Funds Trust is -0.02 (i.e., Good 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.

Northern Lights Correlation With Market

Poor diversification

The correlation between Northern Lights and DJI is 0.6 (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.

Build AI portfolio with Northern Etf

Check out Risk vs Return Analysis 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 bureau of labor statistics.

Moving together with Northern Etf

0.8	LQD	iShares iBoxx Investment Sell-off Trend	Pair Corr
0.91	IGIB	iShares 5 10 Sell-off Trend	Pair Corr
0.89	USIG	iShares Broad USD Sell-off Trend	Pair Corr
0.92	SPIB	SPDR Barclays Interm Sell-off Trend	Pair Corr
0.88	SUSC	iShares ESG USD	Pair Corr
0.87	QLTA	iShares Aaa	Pair Corr
0.9	CORP	PIMCO Investment Grade	Pair Corr
0.86	FLCO	Franklin Liberty Inv	Pair Corr
0.86	GIGB	Goldman Sachs Access	Pair Corr
0.85	VTC	Vanguard Total Corporate	Pair Corr
0.69	INR	Infinity Natural Res Earnings Call This Week	Pair Corr
0.89	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.82	VTV	Vanguard Value Index	Pair Corr
0.73	VO	Vanguard Mid Cap	Pair Corr
0.84	VEA	Vanguard FTSE Developed	Pair Corr
0.69	VB	Vanguard Small Cap	Pair Corr
0.81	FEM	First Trust Emerging	Pair Corr
0.72	LALT	Invesco Multi Strategy	Pair Corr
0.66	GPGCX	Grandeur Peak Global	Pair Corr
0.82	IOCT	Innovator ETFs Trust	Pair Corr
0.92	ISTB	iShares Core 1	Pair Corr
0.83	DXJ	WisdomTree Japan Hedged	Pair Corr
0.83	PID	Invesco International	Pair Corr
0.78	AVMC	American Century ETF	Pair Corr
0.74	EAFG	Pacer Funds Trust	Pair Corr
0.61	DIA	SPDR Dow Jones	Pair Corr
0.66	RSST	Return Stacked Stocks	Pair Corr
0.73	NAPR	Innovator Nasdaq 100	Pair Corr
0.81	DFE	WisdomTree Europe	Pair Corr
0.83	RHRX	Starboard Investment	Pair Corr
0.83	ESGD	iShares ESG Aware	Pair Corr

Moving against Northern Etf

0.73	VUG	Vanguard Growth Index	Pair Corr
0.44	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	IWC	IBDX	IGRO	MEAR	BBAG	AGQ	HYGV	NTSX	QDPL
IWC		0.43	0.73	0.71	0.38	0.64	0.83	0.5	0.72	IWC
IBDX	0.43		0.88	0.88	0.91	0.02	0.73	0.29	0.26	IBDX
IGRO	0.73	0.88		0.98	0.79	0.28	0.92	0.4	0.52	IGRO
MEAR	0.71	0.88	0.98		0.81	0.25	0.9	0.3	0.44	MEAR
BBAG	0.38	0.91	0.79	0.81		0.0	0.59	0.28	0.18	BBAG
AGQ	0.64	0.02	0.28	0.25	0.0		0.48	0.42	0.59	AGQ
HYGV	0.83	0.73	0.92	0.9	0.59	0.48		0.52	0.69	HYGV
NTSX	0.5	0.29	0.4	0.3	0.28	0.42	0.52		0.87	NTSX
QDPL	0.72	0.26	0.52	0.44	0.18	0.59	0.69	0.87		QDPL
	IWC	IBDX	IGRO	MEAR	BBAG	AGQ	HYGV	NTSX	QDPL

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

MEAR	+ 0.98	IGRO
HYGV	+ 0.92	IGRO
BBAG	+ 0.91	IBDX
HYGV	+ 0.9	MEAR
IGRO	+ 0.88	IBDX
MEAR	+ 0.88	IBDX

High negative correlations

AGQ

- 0.0

BBAG

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IWC	1.12	0.10	0.08	0.16	1.25	(1.11)	1.70	(1.82)	6.65
IBDX	0.13	0.01	(0.33)	1.13	0.00	(0.17)	0.32	(0.28)	0.71
IGRO	0.50	0.12	0.13	0.28	0.45	(0.56)	0.93	(0.97)	3.09
MEAR	0.04	0.01	(1.56)	(1.91)	0.00	(0.05)	0.08	(0.04)	0.18
BBAG	0.15	0.02	(0.23)	0.40	0.00	(0.16)	0.30	(0.24)	0.78
AGQ	8.26	1.76	0.12	0.60	15.42	(8.44)	15.77	(16.68)	79.03
HYGV	0.10	0.01	(0.40)	0.13	0.00	(0.12)	0.27	(0.20)	0.82
NTSX	0.51	(0.02)	(0.06)	0.04	0.63	(0.56)	1.06	(1.03)	3.38
QDPL	0.51	(0.02)	(0.06)	0.05	0.65	(0.55)	1.10	(1.27)	3.55

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