Northern Lights Correlations

MAMB Etf

USD 24.78 0.02 0.08%

The current 90-days correlation between Northern Lights and Alexis Practical Tactical is 0.34 (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.

Northern Lights Correlation With Market

Poor diversification

The correlation between Northern Lights and DJI is 0.69 (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

0.89	IUSB	iShares Core Total	Pair Corr
0.85	FIXD	First Trust TCW	Pair Corr
0.83	FBND	Fidelity Total Bond	Pair Corr
0.86	TOTL	SPDR DoubleLine Total	Pair Corr
0.94	BNDS	Series Portfolios Trust	Pair Corr
0.86	HTRB	Hartford Total Return	Pair Corr
0.93	GTO	Invesco Total Return	Pair Corr
0.86	EUSB	iShares Trust	Pair Corr
0.88	JCPB	JPMorgan Core Plus	Pair Corr
0.83	GDXU	MicroSectors Gold Miners	Pair Corr
0.86	JNUG	Direxion Daily Junior	Pair Corr
0.91	NUGT	Direxion Daily Gold	Pair Corr
0.94	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.94	KORU	Direxion Daily South	Pair Corr
0.93	DGP	DB Gold Double	Pair Corr
0.94	VYMI	Vanguard International	Pair Corr
0.87	BND	Vanguard Total Bond	Pair Corr
0.94	UEVM	VictoryShares Emerging	Pair Corr
0.88	IYR	iShares Real Estate	Pair Corr
0.93	EFA	iShares MSCI EAFE	Pair Corr
0.96	IAU	iShares Gold Trust	Pair Corr
0.84	QTAP	Innovator Growth 100	Pair Corr
0.64	FUTS	Future Science Holdings	Pair Corr
0.82	ITA	iShares Aerospace Defense	Pair Corr
0.92	ILOW	AB Active ETFs	Pair Corr
0.93	DFIV	Dimensional International	Pair Corr
0.92	STXV	EA Series Trust	Pair Corr
0.84	RSST	Return Stacked Stocks	Pair Corr
0.94	EMIF	iShares Emerging Markets	Pair Corr
0.89	USO	United States Oil	Pair Corr
0.9	VDC	Vanguard Consumer Staples	Pair Corr
0.93	ESGD	iShares ESG Aware	Pair Corr
0.93	SCDV	ETF Series Solutions	Pair Corr

Moving against Northern Etf

0.82	DRSK	Aptus Defined Risk	Pair Corr
0.65	BULZ	MicroSectors Solactive	Pair Corr

Related Correlations Analysis

	UCRD	INMU	GBF	WEEK	SDFI	AFIF	PSCH	PSCI	JIII	LEXI
UCRD		0.89	0.91	0.78	0.88	0.84	-0.77	0.76	0.88	0.71	UCRD
INMU	0.89		0.81	0.93	0.96	0.94	-0.84	0.93	0.95	0.86	INMU
GBF	0.91	0.81		0.64	0.84	0.69	-0.68	0.61	0.74	0.57	GBF
WEEK	0.78	0.93	0.64		0.93	0.98	-0.76	0.94	0.97	0.93	WEEK
SDFI	0.88	0.96	0.84	0.93		0.93	-0.79	0.87	0.95	0.85	SDFI
AFIF	0.84	0.94	0.69	0.98	0.93		-0.75	0.94	0.97	0.93	AFIF
PSCH	-0.77	-0.84	-0.68	-0.76	-0.79	-0.75		-0.74	-0.8	-0.6	PSCH
PSCI	0.76	0.93	0.61	0.94	0.87	0.94	-0.74		0.93	0.91	PSCI
JIII	0.88	0.95	0.74	0.97	0.95	0.97	-0.8	0.93		0.91	JIII
LEXI	0.71	0.86	0.57	0.93	0.85	0.93	-0.6	0.91	0.91		LEXI
	UCRD	INMU	GBF	WEEK	SDFI	AFIF	PSCH	PSCI	JIII	LEXI

Please upgrade your account to get full access to Macroaxis premium features

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

AFIF	+ 0.98	WEEK
JIII	+ 0.97	WEEK
JIII	+ 0.97	AFIF
SDFI	+ 0.96	INMU
JIII	+ 0.95	INMU
JIII	+ 0.95	SDFI

High negative correlations

PSCH	- 0.84	INMU
JIII	- 0.8	PSCH
PSCH	- 0.79	SDFI
PSCH	- 0.77	UCRD
PSCH	- 0.76	WEEK
PSCH	- 0.75	AFIF

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
UCRD	0.15	0.01	(0.30)	0.22	0.12	(0.17)	0.32	(0.28)	0.79
INMU	0.08	0.03	(0.33)	6.99	0.00	(0.11)	0.21	(0.13)	0.59
GBF	0.14	0.01	(0.30)	0.28	0.05	(0.15)	0.30	(0.34)	0.67
WEEK	0.02	0.00	(2.49)	0.37	0.00	(0.03)	0.05	(0.03)	0.15
SDFI	0.07	0.01	(0.72)	0.60	0.00	(0.09)	0.14	(0.11)	0.40
AFIF	0.10	0.01	(0.36)	0.46	0.00	(0.13)	0.21	(0.21)	0.54
PSCH	0.89	(0.11)	0.00	(0.04)	0.00	0.00	1.63	(1.87)	5.87
PSCI	0.90	0.15	0.17	0.19	0.75	(1.06)	2.46	(1.81)	5.49
JIII	0.09	0.01	(0.38)	0.45	0.00	(0.11)	0.22	(0.26)	0.64
LEXI	0.49	0.04	0.03	0.13	0.53	(0.49)	0.80	(0.93)	3.40

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

2026 Macroaxis LLC