Northern Mid Correlations

NOMIX Fund

USD 21.35 0.27 1.28%

The current 90-days correlation between Northern Mid Cap and Amg Managers Fairpointe is -0.02 (i.e., Good diversification). The correlation of Northern Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Northern Mid Cap and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Mid Cap 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 Mid Cap. 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 gross domestic product.

Moving together with Northern Mutual Fund

0.64	NOIEX	Northern Income Equity	Pair Corr
0.87	NOIGX	Northern International	Pair Corr
0.85	NOINX	Northern International	Pair Corr
0.96	NOLCX	Northern Large Cap	Pair Corr
0.84	NOLVX	Northern Large Cap	Pair Corr
0.89	NOSIX	Northern Stock Index	Pair Corr
0.75	NOSGX	Northern Small Cap	Pair Corr
0.61	BBALX	Northern Global Tactical	Pair Corr
0.64	NSIDX	Northern Small Cap	Pair Corr
0.79	NSGRX	Northern Small Cap	Pair Corr
0.63	NSITX	Northern Short Inter	Pair Corr
0.96	NSRIX	Northern Global Sust	Pair Corr
0.69	NTAUX	Northern Tax Advantaged	Pair Corr
0.64	SWSFX	Ultra Short Fixed	Pair Corr
0.75	NUESX	Northern Quality Esg	Pair Corr
0.71	NHFIX	Northern High Yield	Pair Corr
0.64	NMFIX	Multi Manager Global	Pair Corr
0.9	NMIEX	Active M International	Pair Corr
0.89	NMHYX	Multi Manager High	Pair Corr
0.7	VIMAX	Vanguard Mid Cap	Pair Corr

Moving against Northern Mutual Fund

0.61	NSCKX	Northern Small Cap	Pair Corr
0.37	NSRKX	Northern Global Sust	Pair Corr
0.72	NUEIX	Northern Quality Esg	Pair Corr
0.45	ONERX	One Rock Fund	Pair Corr

Related Correlations Analysis

	CHTTX	PRASX	TRPBX	HSVRX	PESPX	PRSIX	VMNVX	BIECX
CHTTX		0.19	0.86	0.82	0.71	0.86	0.76	0.79	CHTTX
PRASX	0.19		0.41	0.2	0.29	0.4	0.45	0.31	PRASX
TRPBX	0.86	0.41		0.8	0.74	1.0	0.92	0.82	TRPBX
HSVRX	0.82	0.2	0.8		0.94	0.82	0.66	0.89	HSVRX
PESPX	0.71	0.29	0.74	0.94		0.76	0.62	0.85	PESPX
PRSIX	0.86	0.4	1.0	0.82	0.76		0.91	0.84	PRSIX
VMNVX	0.76	0.45	0.92	0.66	0.62	0.91		0.72	VMNVX
BIECX	0.79	0.31	0.82	0.89	0.85	0.84	0.72		BIECX
	CHTTX	PRASX	TRPBX	HSVRX	PESPX	PRSIX	VMNVX	BIECX

Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern Mid 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 Mid'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
CHTTX	0.95	0.35	0.34	16.98	0.27	(1.19)	2.12	(0.92)	15.81
PRASX	0.81	0.07	0.00	2.81	0.96	(0.96)	1.64	(1.33)	4.87
TRPBX	0.43	0.10	0.10	0.31	0.17	(0.51)	0.78	(0.64)	5.81
HSVRX	0.89	0.02	0.03	0.09	1.07	(0.98)	2.09	(1.64)	5.28
PESPX	0.78	(0.04)	(0.03)	0.04	0.98	(0.81)	1.83	(1.63)	3.88
PRSIX	0.29	0.06	0.02	0.27	0.00	(0.34)	0.52	(0.46)	3.34
VMNVX	0.44	0.11	0.16	0.36	0.00	(0.55)	0.56	(0.58)	8.88
BIECX	0.51	0.01	(0.02)	0.09	0.58	(0.57)	1.20	(0.97)	2.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC