Northern California Correlations

NCATX Fund

USD 10.47 0.02 0.19%

The correlation of Northern California 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.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Northern Mutual Fund

0.98	FCAVX	Franklin California Tax	Pair Corr
0.93	FKTQX	Franklin California Tax	Pair Corr
0.97	FRCTX	Franklin California Tax	Pair Corr
0.92	FKTFX	Franklin California Tax	Pair Corr
0.98	FTFQX	Franklin California Tax	Pair Corr
0.99	VCITX	Vanguard California	Pair Corr
0.99	VCLAX	Vanguard California	Pair Corr
0.98	TECCX	Tax Exempt Fund	Pair Corr
0.98	TAFTX	Tax Exempt Fund	Pair Corr
0.98	TECFX	Tax Exempt Fund	Pair Corr
0.84	GPBFX	Gmo E Plus	Pair Corr
0.79	WARCX	Wells Fargo Advantage	Pair Corr

Moving against Northern Mutual Fund

0.48	GAAKX	Gmo Alternative Allo	Pair Corr
0.47	GAAGX	Gmo Alternative Allo	Pair Corr
0.46	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ARTSX	GLVIX	HSCVX	FCSGX	NESGX	RYSVX	QLMSIX
ARTSX		0.2	0.59	0.56	0.56	0.68	0.65	ARTSX
GLVIX	0.2		0.08	0.49	0.59	0.33	0.21	GLVIX
HSCVX	0.59	0.08		0.83	0.23	0.9	0.89	HSCVX
FCSGX	0.56	0.49	0.83		0.56	0.87	0.84	FCSGX
NESGX	0.56	0.59	0.23	0.56		0.5	0.25	NESGX
RYSVX	0.68	0.33	0.9	0.87	0.5		0.78	RYSVX
QLMSIX	0.65	0.21	0.89	0.84	0.25	0.78		QLMSIX
	ARTSX	GLVIX	HSCVX	FCSGX	NESGX	RYSVX	QLMSIX

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Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern California 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 California'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
ARTSX	1.03	0.05	0.01	0.17	1.31	(1.03)	2.14	(2.19)	6.98
GLVIX	0.77	0.09	0.05	0.25	0.82	(0.90)	1.53	(1.15)	5.26
HSCVX	0.74	(0.03)	(0.04)	0.06	0.85	(0.91)	1.47	(1.08)	8.08
FCSGX	0.92	0.05	0.04	0.13	1.13	(0.99)	1.88	(1.50)	9.09
NESGX	1.31	0.02	0.01	0.11	1.70	(1.38)	2.31	(2.39)	9.74
RYSVX	0.92	0.02	0.01	0.10	1.08	(0.98)	1.82	(1.63)	10.89
QLMSIX	1.00	0.04	0.01	0.16	1.22	(1.02)	2.21	(1.69)	9.23

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Northern California Correlations

Moving together with Northern Mutual Fund

Moving against Northern Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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