Northern Stock Correlations

NOSIX Fund

USD 69.05 1.34 1.98%

The current 90-days correlation between Northern Stock Index and Columbia Trarian Core is 0.6 (i.e., Poor diversification). The correlation of Northern Stock 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 Stock Correlation With Market

Almost no diversification

The correlation between Northern Stock Index and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Stock Index 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 Stock Index. 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

0.94	NOMIX	Northern Mid Cap	Pair Corr
0.95	NOLCX	Northern Large Cap	Pair Corr
0.9	NOSGX	Northern Small Cap	Pair Corr
0.93	NSCKX	Northern Small Cap	Pair Corr
0.83	SWSFX	Ultra Short Fixed	Pair Corr
0.92	NHFIX	Northern High Yield	Pair Corr
0.85	NMFIX	Multi Manager Global	Pair Corr
0.92	NMHYX	Multi Manager High	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.95	VINIX	Vanguard Institutional	Pair Corr
0.95	VIIIX	Vanguard Institutional	Pair Corr
0.8	PFN	Pimco Income Strategy	Pair Corr
0.61	CIF	Mfs Intermediate High	Pair Corr
0.89	AABTX	American Funds 2015	Pair Corr
0.9	SZCCX	Deutsche Small Cap	Pair Corr
0.85	RSPMX	Victory Rs Partners	Pair Corr
0.74	WARAX	Wells Fargo Advantage	Pair Corr
0.88	JVTAX	Janus Venture	Pair Corr
0.93	MFFPX	Mfs Lifetime 2050	Pair Corr
0.95	TRRMX	T Rowe Price	Pair Corr
0.76	PCRIX	Commodityrealreturn	Pair Corr
0.78	AIDYX	Diversified Municipal	Pair Corr
0.72	KSMUX	Kansas Municipal	Pair Corr
0.93	BBALX	Northern Global Tactical	Pair Corr
0.75	ACCWX	Invesco Porate Bond	Pair Corr
0.93	LAGIX	Ladenburg Aggressive	Pair Corr

Moving against Northern Mutual Fund

0.63	XNBHX	Neuberger Berman Int	Pair Corr
0.43	XNXJX	Nuveen New Jersey	Pair Corr
0.41	NXJ	Nuveen New Jersey	Pair Corr
0.37	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	TADGX	TRRMX	AANTX	VGIAX	VQNPX	DODBX	SMGIX
TADGX		0.94	0.93	0.85	0.85	0.92	0.84	TADGX
TRRMX	0.94		0.97	0.93	0.93	0.91	0.85	TRRMX
AANTX	0.93	0.97		0.87	0.86	0.86	0.83	AANTX
VGIAX	0.85	0.93	0.87		1.0	0.89	0.89	VGIAX
VQNPX	0.85	0.93	0.86	1.0		0.89	0.89	VQNPX
DODBX	0.92	0.91	0.86	0.89	0.89		0.84	DODBX
SMGIX	0.84	0.85	0.83	0.89	0.89	0.84		SMGIX
	TADGX	TRRMX	AANTX	VGIAX	VQNPX	DODBX	SMGIX

Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern Stock 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 Stock'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
TADGX	0.51	0.03	0.01	0.12	0.51	(0.56)	0.98	(0.97)	3.17
TRRMX	0.58	0.07	0.06	0.17	0.54	(0.65)	1.18	(1.11)	5.08
AANTX	0.57	(0.01)	(0.03)	0.07	0.75	(0.57)	1.17	(1.28)	3.14
VGIAX	0.75	0.12	0.10	0.26	0.65	(0.84)	1.74	(1.35)	11.69
VQNPX	0.75	0.12	0.10	0.26	0.67	(0.84)	1.73	(1.35)	11.70
DODBX	0.49	0.05	0.00	0.20	0.74	(0.57)	0.96	(0.53)	8.56
SMGIX	0.69	0.04	0.02	0.14	0.73	(0.79)	1.45	(1.38)	9.48

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