Northern High Correlations
| NHYMXDelisted Fund | USD 7.32 0.00 0.00% |
The correlation of Northern High 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.
Northern High Correlation With Market
Excellent diversification
The correlation between Northern High Yield and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern High Yield and DJI in the same portfolio, assuming nothing else is changed.
Northern |
Moving together with Northern Mutual Fund
Moving against Northern Mutual Fund
| 0.84 | KF | Korea Closed | PairCorr |
| 0.76 | FONPX | Tributary Nebraska Tax | PairCorr |
| 0.75 | ABHFX | American High Income | PairCorr |
| 0.74 | AHICX | American High Income | PairCorr |
| 0.74 | AMHIX | American High Income | PairCorr |
| 0.73 | PSPFX | Global Resources | PairCorr |
| 0.73 | FSAGX | Gold Portfolio Gold | PairCorr |
| 0.72 | OPGSX | Oppenheimer Gold Spec Steady Growth | PairCorr |
| 0.71 | GHYCX | Goldman Sachs High | PairCorr |
| 0.71 | GHYAX | Goldman Sachs High | PairCorr |
| 0.71 | SGGDX | First Eagle Gold | PairCorr |
| 0.7 | RSNRX | Victory Global Natural | PairCorr |
| 0.7 | GOLDX | Gabelli Gold Steady Growth | PairCorr |
| 0.7 | UNWPX | World Precious Minerals | PairCorr |
| 0.7 | INPFX | American Funds Income | PairCorr |
| 0.7 | SMAPX | Salient Mlp Energy | PairCorr |
| 0.69 | EKWAX | Wells Fargo Advantage Steady Growth | PairCorr |
| 0.61 | FKRCX | Franklin Gold Precious | PairCorr |
| 0.6 | NHMRX | Nuveen High Yield | PairCorr |
| 0.6 | NHMFX | Nuveen High Yield | PairCorr |
| 0.59 | NHMAX | Nuveen High Yield | PairCorr |
| 0.56 | ACTDX | Invesco High Yield | PairCorr |
| 0.52 | NHCCX | Nuveen High Yield | PairCorr |
| 0.52 | EMSLX | Shelton Emerging Markets | PairCorr |
| 0.83 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.76 | IRGIX | Vy Clarion Global | PairCorr |
| 0.75 | HD | Home Depot | PairCorr |
| 0.71 | BA | Boeing | PairCorr |
| 0.68 | PG | Procter Gamble | PairCorr |
| 0.68 | CAT | Caterpillar | PairCorr |
| 0.65 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.58 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.5 | LMISX | Qs Large Cap | PairCorr |
| 0.5 | SAPYX | Clearbridge Appreciation | PairCorr |
| 0.5 | WMT | Walmart Common Stock Earnings Call This Week | PairCorr |
| 0.49 | STABX | Pioneer Short Term | PairCorr |
| 0.41 | JGMNX | Janus Triton | PairCorr |
| 0.41 | GE | GE Aerospace | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Northern Mutual Fund performing well and Northern High 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 High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFSIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NEV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MYJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JRO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MYC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NTG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NBQFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WWOIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Northern High Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Northern High mutual fund to make a market-neutral strategy. Peer analysis of Northern High could also be used in its relative valuation, which is a method of valuing Northern High by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Northern High Yield?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.