Northern Global Correlations

Mutual Funds . USA . 
Fund . Northern Global Real
NGREX Fund  USD 9.99  0.01  0.10%   
The current 90-days correlation between Northern Global Real and Northern Bond Index is 0.36 (i.e., Weak diversification). The correlation of Northern Global 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 Global Correlation With Market

Good diversification

The correlation between Northern Global Real and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Global Real 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 Global Real. 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 income.

Moving together with Northern Mutual Fund

  0.61NOBOX Northern Bond IndexPairCorr
  0.67NOCBX Northern E BondPairCorr
  0.92NOEMX Northern Emerging MarketsPairCorr
  0.7NOFIX Northern Fixed IncomePairCorr
  0.92NOIEX Northern Income EquityPairCorr
  0.92NOIGX Northern InternationalPairCorr
  0.95NOINX Northern InternationalPairCorr
  0.89NOITX Northern IntermediatePairCorr
  0.91NOMIX Northern Mid CapPairCorr
  0.92NOLCX Northern Large CapPairCorr
  0.9NOLVX Northern Large CapPairCorr
  0.75NOTEX Northern Tax ExemptPairCorr
  0.92NOSIX Northern Stock IndexPairCorr
  0.88NOSGX Northern Small CapPairCorr
  0.85BSBAX Northern Short BondPairCorr
  0.94BBALX Northern Global TacticalPairCorr
  0.89NSCKX Northern Small CapPairCorr
  0.92NSIDX Northern Small CapPairCorr
  0.92NSGRX Northern Small CapPairCorr
  0.92NSITX Northern Short InterPairCorr
  0.93NSRKX Northern Global SustPairCorr
  0.91NSRIX Northern Global SustPairCorr
  0.89NTAUX Northern Tax AdvantagedPairCorr
  0.88SWSFX Ultra Short FixedPairCorr
  0.78NCATX Northern California TaxPairCorr
  0.92NCITX Northern CaliforniaPairCorr
  0.89NUEIX Northern Quality EsgPairCorr
  0.92NUESX Northern Quality EsgPairCorr
  0.88NUSFX Northern Ultra ShortPairCorr
  0.92NHFIX Northern High YieldPairCorr
  0.93NMIEX Active M InternationalPairCorr
  0.93NMHYX Multi Manager HighPairCorr
  0.99NMMGX Multi Manager GlobalPairCorr
  0.99DFGEX Dfa Global RealPairCorr
  0.91VGRNX Vanguard Global ExPairCorr
  0.93DFITX Dfa International RealPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Northern Mutual Fund performing well and Northern Global 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 Global'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  0.26  0.01 (0.42)(1.67) 0.26 
(0.33)
 0.55 
(0.55)
 1.43 
NOCBX  0.24  0.00 (0.45) 0.17  0.22 
(0.28)
 0.46 
(0.46)
 1.38 
NOAZX  0.14  0.01 (0.77) 0.00  0.12 
(0.18)
 0.32 
(0.22)
 0.97 
NOEMX  0.50  0.25  0.13  17.71  0.00 
(0.64)
 1.71 
(0.79)
 4.12 
NOFIX  0.25  0.00 (0.41) 0.21  0.21 
(0.31)
 0.46 
(0.56)
 1.38 
NOIEX  0.59  0.13  0.14  0.33  0.24 
(0.73)
 1.96 
(0.87)
 5.08 
NOIGX  0.51  0.13  0.05  0.49  0.28 
(0.61)
 1.21 
(1.01)
 2.99 
NOINX  0.55  0.18  0.00 (4.46) 0.46 
(0.62)
 1.36 
(1.17)
 3.24 
NOITX  0.11  0.02 (0.86)(0.72) 0.00 
(0.16)
 0.21 
(0.21)
 0.95 
NOMIX  0.77  0.24  0.04 (1.05) 0.78 
(0.87)
 2.11 
(1.57)
 6.15 

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