Northern International Correlations

NOIGX Fund

USD 10.42 0.06 0.57%

The current 90-days correlation between Northern International and Versatile Bond Portfolio is -0.1 (i.e., Good diversification). The correlation of Northern International 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 International Correlation With Market

Significant diversification

The correlation between Northern International Equity and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern International Equity 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 Northern International Equity. 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 price.

Moving together with NORTHERN Mutual Fund

0.84	DOXFX	Dodge Cox International	Pair Corr
0.92	OANIX	Oakmark International	Pair Corr
0.73	DODFX	Dodge International Stock	Pair Corr
0.79	OAKIX	Oakmark International	Pair Corr
0.79	OAYIX	Oakmark International	Pair Corr
0.92	OAZIX	Oakmark International	Pair Corr
0.99	FINVX	Fidelity Series Inte	Pair Corr
0.81	VTRIX	Vanguard International	Pair Corr
0.85	RRIGX	T Rowe Price	Pair Corr
0.71	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against NORTHERN Mutual Fund

0.61	FTCAX	Templeton Strained Bond	Pair Corr
0.56	TEGYX	Mid Cap Growth	Pair Corr
0.47	PYARX	Payden Absolute Return	Pair Corr
0.42	PYAIX	Payden Absolute Return	Pair Corr
0.42	BCAAX	Brandywineglobal C	Pair Corr
0.34	PRDSX	T Rowe Price	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.57	DIS	Walt Disney Aggressive Push	Pair Corr
0.54	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.51	WMT	Walmart Aggressive Push	Pair Corr
0.37	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.37	T	ATT Inc Sell-off Trend	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	PRVBX	BXDCX	AOUNX	BSGAX	TEOJX	ASCLX
PRVBX		0.88	0.69	0.76	0.46	0.49	PRVBX
BXDCX	0.88		0.83	0.87	0.43	0.55	BXDCX
AOUNX	0.69	0.83		0.55	0.35	0.76	AOUNX
BSGAX	0.76	0.87	0.55		0.3	0.14	BSGAX
TEOJX	0.46	0.43	0.35	0.3		0.27	TEOJX
ASCLX	0.49	0.55	0.76	0.14	0.27		ASCLX
	PRVBX	BXDCX	AOUNX	BSGAX	TEOJX	ASCLX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between NORTHERN Mutual Fund performing well and Northern International 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 International'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
PRVBX	0.09	0.00	(0.93)	0.33	0.00	(0.10)	0.20	(0.20)	0.53
BXDCX	0.09	0.01	(0.83)	(0.50)	0.00	(0.16)	0.22	(0.11)	0.65
AOUNX	0.05	0.01	(1.01)	(0.55)	0.00	(0.22)	0.10	(0.10)	0.61
BSGAX	0.09	0.00	(0.76)	(0.12)	0.00	(0.16)	0.24	(0.12)	0.72
TEOJX	0.66	(0.02)	0.00	0.40	0.00	0.00	1.76	(1.83)	4.91
ASCLX	0.36	0.00	(0.09)	0.12	0.36	(0.40)	0.77	(0.93)	2.91

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