Active M Correlations

Mutual Funds USA . 
Fund . Active M Emerging
NMMEX Fund  USD 23.30  0.05  0.22%   
The current 90-days correlation between Active M Emerging and Northern Mid Cap is -0.17 (i.e., Good diversification). The correlation of Active M 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.

Active M Correlation With Market

Very poor diversification

The correlation between Active M Emerging and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Active M Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Active M Emerging. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Active Mutual Fund

  0.7NOBOX Northern Bond IndexPairCorr
  0.74NOCBX Northern E BondPairCorr
  0.93NOAZX Northern Arizona TaxPairCorr
  0.99NOEMX Northern Emerging MarketsPairCorr
  0.79NOFIX Northern Fixed IncomePairCorr
  0.88NOIEX Northern Income EquityPairCorr
  0.96NOIGX Northern InternationalPairCorr
  0.97NOINX Northern InternationalPairCorr
  0.96NOITX Northern IntermediatePairCorr
  0.89NOMIX Northern Mid CapPairCorr
  0.7NOLCX Northern Large CapPairCorr
  0.93NOLVX Northern Large CapPairCorr
  0.92NOTEX Northern Tax ExemptPairCorr
  0.92NOSGX Northern Small CapPairCorr
  0.89BSBAX Northern Short BondPairCorr
  0.96BBALX Northern Global TacticalPairCorr
  0.81NSCKX Northern Small CapPairCorr
  0.86NSIDX Northern Small CapPairCorr
  0.84NSGRX Northern Small CapPairCorr
  0.74NSIUX Northern Short-intermediaPairCorr
  0.96NSITX Northern Short-intermediaPairCorr
  0.83NSRKX Northern Global SustPairCorr
  0.82NSRIX Northern Global SustPairCorr
  0.95NTAUX Northern Tax AdvantagedPairCorr
  0.89SWSFX Ultra Short FixedPairCorr
  0.93NCATX Northern California TaxPairCorr
  0.95NCITX Northern CaliforniaPairCorr
  0.71NUEIX Northern Quality EsgPairCorr
  0.71NUESX Northern Quality EsgPairCorr
  0.91NUSFX Northern Ultra ShortPairCorr
  0.9NGREX Northern Global RealPairCorr
  0.85NHFIX Northern High YieldPairCorr
  0.93NMFIX Multi Manager GlobalPairCorr
  0.92NMIEX Active M InternationalPairCorr
  0.86NMHYX Multi Manager HighPairCorr
  0.89NMMGX Multi Manager GlobalPairCorr
  0.97VEMAX Vanguard Emerging MarketsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Active Mutual Fund performing well and Active M 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 Active M'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.

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