Active M Correlations

Mutual Funds . USA . 
Fund . Active M Emerging
NMMEX Fund  USD 21.54  0.66  2.97%   
The current 90-days correlation between Active M Emerging and Arrow Managed Futures is 0.28 (i.e., Modest 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

Poor diversification

The correlation between Active M Emerging and DJI is 0.79 (i.e., 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 services.

Moving together with Active Mutual Fund

  0.82NOAZX Northern Arizona TaxPairCorr
  0.99NOEMX Northern Emerging MarketsPairCorr
  0.81NOIEX Northern Income EquityPairCorr
  0.9NOIGX Northern InternationalPairCorr
  0.94NOINX Northern InternationalPairCorr
  0.91NOITX Northern IntermediatePairCorr
  0.85NOMIX Northern Mid CapPairCorr
  0.78NOLCX Northern Large CapPairCorr
  0.82NOLVX Northern Large CapPairCorr
  0.8NOTEX Northern Tax ExemptPairCorr
  0.81NOSIX Northern Stock IndexPairCorr
  0.79NOSGX Northern Small CapPairCorr
  0.91BBALX Northern Global TacticalPairCorr
  0.83NSCKX Northern Small CapPairCorr
  0.86NSIDX Northern Small CapPairCorr
  0.85NSGRX Northern Small CapPairCorr
  0.9NSITX Northern Short-intermediaPairCorr
  0.87NSRKX Northern Global SustPairCorr
  0.86NSRIX Northern Global SustPairCorr
  0.8NTAUX Northern Tax AdvantagedPairCorr
  0.65SWSFX Ultra Short FixedPairCorr
  0.82NCATX Northern California TaxPairCorr
  0.92NCITX Northern CaliforniaPairCorr
  0.77NUEIX Northern Quality EsgPairCorr
  0.77NUESX Northern Quality EsgPairCorr
  0.67NUSFX Northern Ultra ShortPairCorr
  0.9NGREX Northern Global RealPairCorr
  0.81NHFIX Northern High YieldPairCorr
  0.89NMFIX Multi Manager GlobalPairCorr
  0.88NMIEX Active M InternationalPairCorr
  0.87NMHYX Multi Manager HighPairCorr
  0.86NMMGX Multi Manager GlobalPairCorr
  0.97VEMAX Vanguard Emerging MarketsPairCorr

Moving against Active Mutual Fund

  0.51ODVYX Oppenheimer DevelopingPairCorr

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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