Northern Lights Correlations

MPRO Etf

USD 32.51 0.02 0.06%

The current 90-days correlation between Northern Lights and STF Tactical Growth is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Lights moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Lights moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Northern Lights Correlation With Market

Poor diversification

The correlation between Northern Lights and DJI is 0.78 (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 real.

Moving together with Northern Etf

0.79	HF	DGA Core Plus	Pair Corr
0.8	OCIO	ClearShares OCIO ETF	Pair Corr
0.9	MFUL	Collaborative Investment	Pair Corr
0.86	RULE	Collaborative Investment	Pair Corr
0.94	UPAR	Tidal ETF Trust	Pair Corr
0.72	CLSM	Cabana Target Leading	Pair Corr
0.74	MSMR	ETF Series Solutions	Pair Corr
0.91	INTL	Main International ETF	Pair Corr
0.86	FNGD	MicroSectors FANG Index	Pair Corr
0.86	PCLN	2023 ETF	Pair Corr
0.88	JPST	JPMorgan Ultra Short	Pair Corr
0.87	IGLD	FT Cboe Vest	Pair Corr
0.82	WTRE	WisdomTree New Economy	Pair Corr
0.76	GAPR	First Trust Exchange	Pair Corr
0.94	FNDC	Schwab Fundamental	Pair Corr
0.79	PFF	iShares Preferred	Pair Corr
0.92	SCZ	iShares MSCI EAFE	Pair Corr
0.92	DOGG	First Trust Exchange Low Volatility	Pair Corr
0.77	TOCT	Innovator Equity Defined	Pair Corr
0.89	PCEM	Litman Gregory Funds	Pair Corr
0.89	WLDR	Affinity World Leaders	Pair Corr
0.71	JANW	AIM ETF Products	Pair Corr
0.92	QLV	FlexShares Quality Low	Pair Corr
0.85	IAUM	iShares Gold Trust	Pair Corr
0.93	GENW	Spinnaker ETF Series	Pair Corr
0.87	JPIE	JP Morgan Exchange	Pair Corr
0.93	TAXT	Northern Trust Tax	Pair Corr
0.61	BBH	VanEck Biotech ETF	Pair Corr
0.76	PMAY	Innovator SP 500	Pair Corr
0.93	BSMS	Invesco BulletShares 2028	Pair Corr
0.68	CTEX	ProShares SP Kensho	Pair Corr
0.74	TLCI	Touchstone ETF Trust	Pair Corr
0.74	XYLD	Global X SP	Pair Corr
0.85	ESML	iShares ESG Aware	Pair Corr
0.74	WDNA	WisdomTree BioRevolution	Pair Corr

Moving against Northern Etf

0.83	FRHC	Freedom Holding Corp	Pair Corr
0.54	HUM	Humana Inc	Pair Corr

Related Correlations Analysis

	TOGA	PIN	QVMS	YOKE	MGNR	EFAA	BFEB	UMAR	SPUU	TUG
TOGA		0.13	-0.29	-0.32	-0.42	-0.36	-0.14	-0.1	0.29	0.58	TOGA
PIN	0.13		-0.72	-0.67	-0.76	-0.66	-0.66	-0.68	-0.45	-0.32	PIN
QVMS	-0.29	-0.72		0.95	0.93	0.94	0.92	0.93	0.71	0.31	QVMS
YOKE	-0.32	-0.67	0.95		0.96	0.98	0.96	0.95	0.75	0.38	YOKE
MGNR	-0.42	-0.76	0.93	0.96		0.96	0.91	0.91	0.63	0.28	MGNR
EFAA	-0.36	-0.66	0.94	0.98	0.96		0.94	0.94	0.69	0.29	EFAA
BFEB	-0.14	-0.66	0.92	0.96	0.91	0.94		0.99	0.85	0.52	BFEB
UMAR	-0.1	-0.68	0.93	0.95	0.91	0.94	0.99		0.83	0.49	UMAR
SPUU	0.29	-0.45	0.71	0.75	0.63	0.69	0.85	0.83		0.85	SPUU
TUG	0.58	-0.32	0.31	0.38	0.28	0.29	0.52	0.49	0.85		TUG
	TOGA	PIN	QVMS	YOKE	MGNR	EFAA	BFEB	UMAR	SPUU	TUG

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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

UMAR	+ 0.99	BFEB
EFAA	+ 0.98	YOKE
MGNR	+ 0.96	YOKE
BFEB	+ 0.96	YOKE
EFAA	+ 0.96	MGNR
YOKE	+ 0.95	QVMS

High negative correlations

MGNR	- 0.76	PIN
QVMS	- 0.72	PIN
UMAR	- 0.68	PIN
YOKE	- 0.67	PIN
BFEB	- 0.66	PIN
EFAA	- 0.66	PIN

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
TOGA	0.93	(0.29)	0.00	(0.23)	0.00	0.00	1.38	(3.17)	6.33
PIN	0.64	(0.08)	0.00	(0.18)	0.00	0.00	1.07	(1.08)	4.35
QVMS	0.83	0.08	0.09	0.13	0.73	(1.03)	2.54	(1.80)	5.01
YOKE	0.62	0.05	0.04	0.12	0.67	(0.63)	1.22	(1.29)	3.63
MGNR	1.24	0.28	0.15	0.31	1.58	(1.28)	2.90	(3.24)	8.18
EFAA	0.44	0.08	0.08	0.22	0.37	(0.47)	0.95	(0.77)	2.11
BFEB	0.35	0.00	(0.05)	0.06	0.51	(0.34)	0.73	(0.96)	2.76
UMAR	0.18	0.01	(0.14)	0.10	0.15	(0.20)	0.39	(0.40)	1.26
SPUU	1.10	(0.11)	0.00	(0.01)	0.00	0.00	1.96	(3.01)	7.24
TUG	0.81	(0.11)	0.00	(0.08)	0.00	0.00	1.35	(2.00)	5.00

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