Northern Lights Correlations

MAMB Etf

USD 24.40 0.08 0.33%

The current 90-days correlation between Northern Lights and JPMorgan Core Plus is 0.08 (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.

Northern Lights Correlation With Market

Poor diversification

The correlation between Northern Lights and DJI is 0.77 (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 Correlation 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 state.

Moving together with Northern Etf

0.84	IUSB	iShares Core Total	Pair Corr
0.72	FIXD	First Trust TCW	Pair Corr
0.76	FBND	Fidelity Total Bond	Pair Corr
0.74	TOTL	SPDR DoubleLine Total	Pair Corr
0.92	BNDS	Series Portfolios Trust	Pair Corr
0.77	HTRB	Hartford Total Return	Pair Corr
0.87	GTO	Invesco Total Return	Pair Corr
0.78	EUSB	iShares Trust	Pair Corr
0.83	JCPB	JPMorgan Core Plus	Pair Corr
0.74	VTI	Vanguard Total Stock	Pair Corr
0.73	SPY	SPDR SP 500	Pair Corr
0.73	IVV	iShares Core SP	Pair Corr
0.72	BND	Vanguard Total Bond	Pair Corr
0.74	TOT	Advisor Managed Port	Pair Corr
0.86	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.78	VO	Vanguard Mid Cap	Pair Corr
0.93	IAUM	iShares Gold Trust	Pair Corr
0.84	MART	Allianzim Large Cap	Pair Corr
0.77	OASC	OneAscent Small Cap	Pair Corr
0.83	SPMD	SPDR Russell Small	Pair Corr
0.75	VBK	Vanguard Small Cap	Pair Corr
0.89	ABI	VictoryShares Pioneer	Pair Corr
0.89	BBEU	JPMorgan BetaBuilders	Pair Corr
0.91	BINC	BlackRock ETF Trust	Pair Corr
0.88	IBMR	iShares Trust	Pair Corr
0.87	VUSB	Vanguard Ultra Short	Pair Corr
0.83	GAPR	First Trust Exchange	Pair Corr
0.77	RDIV	Invesco SP Ultra	Pair Corr
0.85	AHYB	American Century ETF	Pair Corr
0.86	GSIG	Goldman Sachs Access	Pair Corr
0.68	SEIX	Virtus ETF Trust	Pair Corr

Moving against Northern Etf

0.59

DRSK

Aptus Defined Risk

Pair Corr

Related Correlations Analysis

	IUSB	FIXD	FBND	TOTL	BNDS	HTRB	DRSK	GTO	EUSB	JCPB
IUSB		0.81	0.98	0.84	0.76	0.83	-0.41	0.88	0.85	0.87	IUSB
FIXD	0.81		0.77	0.89	0.66	0.93	-0.3	0.91	0.94	0.94	FIXD
FBND	0.98	0.77		0.78	0.64	0.78	-0.3	0.8	0.78	0.8	FBND
TOTL	0.84	0.89	0.78		0.69	0.93	-0.44	0.94	0.97	0.97	TOTL
BNDS	0.76	0.66	0.64	0.69		0.7	-0.74	0.85	0.72	0.79	BNDS
HTRB	0.83	0.93	0.78	0.93	0.7		-0.37	0.94	0.97	0.97	HTRB
DRSK	-0.41	-0.3	-0.3	-0.44	-0.74	-0.37		-0.52	-0.42	-0.49	DRSK
GTO	0.88	0.91	0.8	0.94	0.85	0.94	-0.52		0.97	0.98	GTO
EUSB	0.85	0.94	0.78	0.97	0.72	0.97	-0.42	0.97		0.99	EUSB
JCPB	0.87	0.94	0.8	0.97	0.79	0.97	-0.49	0.98	0.99		JCPB
	IUSB	FIXD	FBND	TOTL	BNDS	HTRB	DRSK	GTO	EUSB	JCPB

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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

JCPB	+ 0.99	EUSB
FBND	+ 0.98	IUSB
JCPB	+ 0.98	GTO
EUSB	+ 0.97	TOTL
JCPB	+ 0.97	TOTL
EUSB	+ 0.97	HTRB

High negative correlations

DRSK	- 0.74	BNDS
GTO	- 0.52	DRSK
JCPB	- 0.49	DRSK
DRSK	- 0.44	TOTL
EUSB	- 0.42	DRSK
DRSK	- 0.41	IUSB

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
IUSB	0.13	0.00	(0.49)	0.11	0.08	(0.15)	0.30	(0.26)	0.73
FIXD	0.16	0.00	(0.45)	0.06	0.13	(0.19)	0.30	(0.32)	0.82
FBND	0.15	0.00	(0.44)	0.05	0.14	(0.17)	0.28	(0.31)	0.85
TOTL	0.12	0.00	(0.48)	0.17	0.06	(0.15)	0.28	(0.23)	0.78
BNDS	0.14	0.05	(0.23)	1.86	0.00	(0.18)	0.32	(0.22)	0.89
HTRB	0.14	0.00	(0.52)	0.16	0.10	(0.16)	0.32	(0.26)	0.79
DRSK	0.34	(0.08)	0.00	(0.17)	0.00	0.00	0.87	(0.73)	2.46
GTO	0.12	0.00	(0.49)	0.12	0.00	(0.15)	0.30	(0.27)	0.68
EUSB	0.14	0.00	(0.54)	0.10	0.08	(0.16)	0.28	(0.27)	0.67
JCPB	0.14	0.01	(0.48)	0.19	0.06	(0.16)	0.30	(0.25)	0.77

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