Northern Small Correlations

Mutual Funds . USA . 
Fund . Northern Small Cap
NSCKX Fund  USD 26.23  0.09  0.34%   
The current 90-days correlation between Northern Small Cap and Northern Mid Cap is 0.87 (i.e., Very poor diversification). The correlation of Northern Small 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 Small Correlation With Market

Very poor diversification

The correlation between Northern Small Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Small 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 Small 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 industry.

Moving together with Northern Mutual Fund

  0.79NOAZX Northern Arizona TaxPairCorr
  0.83NOEMX Northern Emerging MarketsPairCorr
  0.64NOFIX Northern Fixed IncomePairCorr
  0.82NOIEX Northern Income EquityPairCorr
  0.86NOIGX Northern InternationalPairCorr
  0.87NOINX Northern InternationalPairCorr
  0.79NOITX Northern IntermediatePairCorr
  0.98NOMIX Northern Mid CapPairCorr
  0.97NOLCX Northern Large CapPairCorr
  0.89NOLVX Northern Large CapPairCorr
  0.73NOTEX Northern Tax ExemptPairCorr
  0.71NOSIX Northern Stock IndexPairCorr
  0.84NOSGX Northern Small CapPairCorr
  0.85BSBAX Northern Short BondPairCorr
  0.85BBALX Northern Global TacticalPairCorr
  0.84NSIDX Northern Small CapPairCorr
  1.0NSGRX Northern Small CapPairCorr
  0.66NSIUX Northern Short-intermediaPairCorr
  0.78NSITX Northern Short-intermediaPairCorr
  0.95NSRKX Northern Global SustPairCorr
  0.98NSRIX Northern Global SustPairCorr
  0.86NTAUX Northern Tax AdvantagedPairCorr
  0.82SWSFX Ultra Short FixedPairCorr
  0.74NCATX Northern California TaxPairCorr
  0.79NCITX Northern CaliforniaPairCorr
  0.94NUEIX Northern Quality EsgPairCorr
  0.97NUESX Northern Quality EsgPairCorr
  0.84NUSFX Northern Ultra ShortPairCorr
  0.67NGREX Northern Global RealPairCorr
  0.88NHFIX Northern High YieldPairCorr
  0.8NMFIX Multi Manager GlobalPairCorr
  0.97NMIEX Active M InternationalPairCorr
  0.9NMHYX Multi Manager HighPairCorr
  0.69NMMGX Multi Manager GlobalPairCorr
  0.84NMMEX Active M EmergingPairCorr
  0.89VSMAX Vanguard Small CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NOBOX  0.15  0.02 (0.46) 1.04  0.00 
(0.23)
 0.43 
(0.22)
 0.86 
NOCBX  0.16  0.02 (0.46) 0.79  0.00 
(0.24)
 0.44 
(0.22)
 1.00 
NOAZX  0.07  0.02  0.00  1.44  0.00 
 0.00 
 0.21 
(0.10)
 0.73 
NOEMX  0.63  0.22  0.22  0.56  0.18 
(0.79)
 1.69 
(0.99)
 4.06 
NOFIX  0.15  0.02 (0.51) 1.19  0.00 
(0.24)
 0.44 
(0.22)
 0.89 
NOIEX  0.51  0.04  0.01  0.16  0.55 
(0.54)
 1.15 
(0.94)
 3.94 
NOIGX  0.49  0.18  0.19  0.41  0.11 
(0.60)
 1.25 
(0.77)
 3.22 
NOINX  0.51  0.17  0.20  0.39  0.00 
(0.63)
 1.22 
(0.83)
 2.95 
NOITX  0.07  0.00 (0.58) 0.00  0.00 
(0.13)
 0.20 
(0.10)
 0.61 
NOMIX  0.79  0.20  0.25  0.30  0.28 
(0.96)
 1.89 
(1.29)
 8.12 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY