Northern Trust Correlations
| QDYN Etf | USD 61.09 0.00 0.00% |
The current 90-days correlation between Northern Trust and FlexShares Quality Dividend is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Northern Trust Correlation With Market
Modest diversification
The correlation between Northern Trust and DJI is 0.23 (i.e., Modest 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.
Northern |
Moving together with Northern Etf
Moving against Northern Etf
| 0.8 | NOBL | ProShares SP 500 Low Volatility | PairCorr |
| 0.79 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.74 | FVD | First Trust Value | PairCorr |
| 0.66 | IVE | iShares SP 500 | PairCorr |
| 0.66 | SPYV | SPDR Portfolio SP | PairCorr |
| 0.64 | IUSV | iShares Core SP | PairCorr |
| 0.6 | DVY | iShares Select Dividend | PairCorr |
| 0.58 | SMI | VanEck Vectors ETF | PairCorr |
| 0.54 | DUKH | Ocean Park High | PairCorr |
| 0.49 | PG | Procter Gamble | PairCorr |
| 0.46 | VTV | Vanguard Value Index | PairCorr |
| 0.46 | IWD | iShares Russell 1000 | PairCorr |
| 0.45 | DGRO | iShares Core Dividend | PairCorr |
| 0.88 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.87 | XOM | Exxon Mobil Corp Earnings Call Today | PairCorr |
| 0.75 | TRV | The Travelers Companies | PairCorr |
| 0.74 | JNJ | Johnson Johnson | PairCorr |
| 0.5 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.46 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.36 | CVX | Chevron Corp Earnings Call Today | PairCorr |
Related Correlations Analysis
| 0.86 | 0.33 | -0.04 | 0.34 | QDEF | ||
| 0.86 | 0.31 | -0.08 | 0.25 | QDF | ||
| 0.33 | 0.31 | 0.31 | 0.95 | IQDY | ||
| -0.04 | -0.08 | 0.31 | 0.51 | IQDE | ||
| 0.34 | 0.25 | 0.95 | 0.51 | IQDF | ||
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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
| High negative correlations
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Northern Trust Constituents Risk-Adjusted Indicators
There is a big difference between Northern Etf performing well and Northern Trust ETF 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QDEF | 0.45 | (0.02) | (0.11) | 0.04 | 0.63 | 1.01 | 3.51 | |||
| QDF | 0.51 | 0.01 | (0.10) | 0.54 | 0.76 | 1.12 | 4.60 | |||
| IQDY | 0.62 | (0.03) | (0.10) | (0.01) | 0.89 | 1.16 | 4.61 | |||
| IQDE | 0.51 | (0.08) | 0.00 | 1.63 | 0.00 | 0.89 | 3.88 | |||
| IQDF | 0.59 | (0.05) | 0.00 | (0.05) | 0.00 | 1.17 | 4.44 |
Northern Trust Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Northern Trust etf to make a market-neutral strategy. Peer analysis of Northern Trust could also be used in its relative valuation, which is a method of valuing Northern Trust by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |