Northern Lights Correlations

NTAIX Fund

USD 12.00 0.04 0.33%

The current 90-days correlation between Northern Lights and Navigator Tactical Fixed is 0.63 (i.e., Poor diversification). The correlation of Northern Lights 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 Lights Correlation With Market

Very poor diversification

The correlation between Northern Lights and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Lights 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 Lights. 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.

For more information on how to buy Northern Mutual Fund please use our How to Invest in Northern Lights guide.

Moving together with Northern Mutual Fund

0.81	NTBAX	Navigator Tactical Fixed	Pair Corr
0.75	NTBCX	Navigator Tactical Fixed	Pair Corr
0.81	NTBIX	Navigator Tactical Fixed	Pair Corr
0.88	NUSIX	Nuveen Infrastructure	Pair Corr
0.93	FBONX	American Funds American	Pair Corr
0.93	FBAFX	American Funds American	Pair Corr
0.93	ABALX	American Balanced	Pair Corr
0.92	BALCX	American Balanced	Pair Corr
0.93	BALFX	American Balanced	Pair Corr
0.93	RLBCX	American Balanced	Pair Corr
0.92	RLBBX	American Balanced	Pair Corr
0.93	CLBAX	American Balanced	Pair Corr
0.93	CLBEX	American Balanced	Pair Corr
0.93	RLBFX	American Balanced	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
0.95	JABRX	Janus Balanced	Pair Corr
0.95	ANOIX	Small Cap Growth	Pair Corr
0.98	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.88	CLM	Cornerstone Strategic	Pair Corr
0.99	NOIEX	Northern Income Equity	Pair Corr
0.9	FSCSX	Software And It	Pair Corr
0.91	BUFHX	Buffalo High Yield	Pair Corr
0.94	OAKBX	Oakmark Equity And	Pair Corr
0.65	LNOCX	Ladenburg Income Growth	Pair Corr
0.77	VMRXX	Vanguard Money Market	Pair Corr

Moving against Northern Mutual Fund

0.59

NTIIX

Navigator Tactical

Pair Corr

Related Correlations Analysis

	NTBIX	NTIIX	NUSIX	VGOSX	VWENX	WBCIX	INDEX	FSHOX	FEMDX
NTBIX		-0.05	0.74	0.77	0.85	0.85	0.81	0.91	0.9	NTBIX
NTIIX	-0.05		-0.62	-0.63	-0.48	-0.45	-0.59	-0.23	-0.36	NTIIX
NUSIX	0.74	-0.62		0.89	0.82	0.83	0.88	0.74	0.89	NUSIX
VGOSX	0.77	-0.63	0.89		0.96	0.94	0.99	0.81	0.85	VGOSX
VWENX	0.85	-0.48	0.82	0.96		0.96	0.98	0.9	0.87	VWENX
WBCIX	0.85	-0.45	0.83	0.94	0.96		0.96	0.87	0.85	WBCIX
INDEX	0.81	-0.59	0.88	0.99	0.98	0.96		0.87	0.88	INDEX
FSHOX	0.91	-0.23	0.74	0.81	0.9	0.87	0.87		0.92	FSHOX
FEMDX	0.9	-0.36	0.89	0.85	0.87	0.85	0.88	0.92		FEMDX
	NTBIX	NTIIX	NUSIX	VGOSX	VWENX	WBCIX	INDEX	FSHOX	FEMDX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

INDEX	+ 0.99	VGOSX
INDEX	+ 0.98	VWENX
VWENX	+ 0.96	VGOSX
WBCIX	+ 0.96	VWENX
INDEX	+ 0.96	WBCIX
WBCIX	+ 0.94	VGOSX

High negative correlations

VGOSX	- 0.63	NTIIX
NUSIX	- 0.62	NTIIX
INDEX	- 0.59	NTIIX
VWENX	- 0.48	NTIIX
WBCIX	- 0.45	NTIIX
FEMDX	- 0.36	NTIIX

Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern Lights 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 Lights' 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
NTBIX	0.12	0.00	(0.58)	0.14	0.00	(0.18)	0.30	(0.20)	0.80
NTIIX	0.15	(0.02)	0.00	(1.21)	0.00	0.00	0.42	(0.32)	1.49
NUSIX	0.03	0.01	0.00	(5.40)	0.00	0.00	0.10	0.00	0.10
VGOSX	0.76	0.02	0.01	0.15	1.06	(0.70)	1.92	(2.33)	4.90
VWENX	0.38	(0.02)	(0.13)	0.08	0.48	(0.39)	0.80	(0.83)	2.49
WBCIX	0.70	0.02	0.03	0.14	0.72	(0.80)	1.54	(1.41)	4.66
INDEX	0.55	0.00	(0.02)	0.12	0.65	(0.61)	1.16	(1.32)	3.84
FSHOX	0.79	0.06	0.04	0.20	0.74	(0.91)	1.96	(1.58)	5.50
FEMDX	0.15	0.03	(0.41)	0.56	0.00	(0.22)	0.42	(0.25)	1.08

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