Northern Trust Correlations

NTRS Stock

USD 108.94 1.06 0.98%

The current 90-days correlation between Northern Trust and Invesco Plc is 0.33 (i.e., Weak diversification). The correlation of Northern Trust 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 Trust Correlation With Market

Very weak diversification

The correlation between Northern Trust and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Trust 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 Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Northern Stock please use our How to Invest in Northern Trust guide.

Moving together with Northern Stock

0.77	AC	Associated Capital	Pair Corr
0.9	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.74	MC	Moelis Potential Growth	Pair Corr
0.96	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.96	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.67	TW	Tradeweb Markets Normal Trading	Pair Corr
0.76	VIRT	Virtu Financial Normal Trading	Pair Corr
0.69	WAVS	Western Acquisition	Pair Corr
0.67	FDUS	Fidus Investment Corp	Pair Corr
0.94	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.83	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.9	EVR	Evercore Partners	Pair Corr
0.96	FRHC	Freedom Holding Corp	Pair Corr
0.63	IPXXU	Inflection Point Acq	Pair Corr
0.74	LRFC	Logan Ridge Finance	Pair Corr
0.7	PNNT	PennantPark Investment	Pair Corr
0.81	RMCO	Royalty Management	Pair Corr
0.89	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.97	SEIC	SEI Investments	Pair Corr
0.89	STEP	Stepstone Group	Pair Corr
0.69	SVII	Spring Valley Acquisition	Pair Corr
0.86	C	Citigroup Aggressive Push	Pair Corr
0.64	L	Loews Corp	Pair Corr
0.85	V	Visa Class A	Pair Corr
0.62	DHIL	Diamond Hill Investment	Pair Corr
0.85	AB	AllianceBernstein	Pair Corr
0.78	AX	Axos Financial	Pair Corr
0.9	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.85	BN	Brookfield Corp	Pair Corr
0.95	BX	Blackstone Group Normal Trading	Pair Corr
0.77	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Northern Stock

0.72	XP	Xp Inc	Pair Corr
0.7	GROW	US Global Investors	Pair Corr
0.56	PT	Pintec Technology	Pair Corr
0.6	RAND	Rand Capital Corp	Pair Corr
0.79	IX	Orix Corp Ads	Pair Corr
0.58	HG	Hamilton Insurance Group,	Pair Corr
0.57	EG	Everest Group	Pair Corr

Related Correlations Analysis

	BK	IVZ	BEN	TROW	STT	AMP	FOCS	SEIC
BK		0.79	0.64	0.85	0.97	0.95	0.86	0.89	BK
IVZ	0.79		0.63	0.79	0.8	0.79	0.75	0.7	IVZ
BEN	0.64	0.63		0.86	0.7	0.73	0.48	0.77	BEN
TROW	0.85	0.79	0.86		0.88	0.92	0.67	0.93	TROW
STT	0.97	0.8	0.7	0.88		0.96	0.81	0.93	STT
AMP	0.95	0.79	0.73	0.92	0.96		0.8	0.95	AMP
FOCS	0.86	0.75	0.48	0.67	0.81	0.8		0.74	FOCS
SEIC	0.89	0.7	0.77	0.93	0.93	0.95	0.74		SEIC
	BK	IVZ	BEN	TROW	STT	AMP	FOCS	SEIC

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Risk-Adjusted Indicators

There is a big difference between Northern Stock performing well and Northern Trust Company 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 Trust'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
BK	0.80	0.20	0.22	0.33	0.55	(0.95)	2.10	(1.32)	4.87
IVZ	1.37	(0.05)	0.00	0.05	1.53	(1.56)	2.82	(2.97)	6.84
BEN	1.46	(0.12)	0.00	(0.03)	0.00	0.00	2.77	(2.18)	12.52
TROW	1.08	0.02	0.04	0.10	1.19	(1.17)	2.14	(2.04)	7.96
STT	0.96	0.19	0.18	0.28	0.74	(1.17)	2.46	(1.47)	5.94
AMP	0.97	0.25	0.25	0.23	0.69	(1.12)	2.18	(1.66)	13.90
FOCS	0.09	(0.01)	(0.83)	(0.94)	0.07	(0.10)	0.21	(0.17)	0.56
SEIC	0.81	0.20	0.20	0.33	0.61	(0.96)	1.57	(1.56)	7.23

Northern Trust Corporate Management

Daniel CFA	Executive Group	Profile
Ian Headon	Head Services	Profile
Jennifer CFA	Senior Relations	Profile
K Mannard	Chief Officer	Profile

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