Nt Non Correlations

ANTUX Fund

USD 10.94 0.04 0.36%

The current 90-days correlation between Nt Non Intrinsic and Simt Managed Volatility is 0.52 (i.e., Very weak diversification). The correlation of Nt Non 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.

Nt Non Correlation With Market

Poor diversification

The correlation between Nt Non US Intrinsic and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nt Non US Intrinsic and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nt Non US Intrinsic. 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 housing.

Moving together with ANTUX Mutual Fund

0.72	AMEIX	Equity Growth	Pair Corr
0.73	AMGIX	Income Growth	Pair Corr
0.67	AMKIX	Emerging Markets	Pair Corr
0.68	TWCCX	Ultra Fund C	Pair Corr
0.62	TWCAX	Select Fund A	Pair Corr
0.65	TWCIX	Select Fund Investor	Pair Corr
0.64	TWCGX	Growth Fund Investor	Pair Corr
0.66	TWBIX	Balanced Fund Investor	Pair Corr
0.68	TWCUX	Ultra Fund Investor	Pair Corr
0.66	TWGAX	International Growth	Pair Corr
0.64	TWGIX	Growth Fund I	Pair Corr
0.72	TWGGX	Global Growth	Pair Corr
0.81	TWIEX	International Growth	Pair Corr
0.67	TWMIX	Emerging Markets	Pair Corr
0.64	TWRCX	Growth Fund C	Pair Corr
0.63	TWSCX	Strategic Allocation	Pair Corr
0.69	TWSAX	Strategic Allocation:	Pair Corr
0.68	TWSMX	Strategic Allocation	Pair Corr
0.65	TWSIX	Select Fund I	Pair Corr
0.64	TWUAX	Ultra Fund A	Pair Corr
0.68	TWUIX	Ultra Fund I	Pair Corr

Related Correlations Analysis

	SVOAX	SUSYX	SEVIX	RMT	PRNIX	PQNAX	IDIVX	LCRIX	AAIPX	AILCX
SVOAX		1.0	0.65	0.05	0.83	0.63	-0.12	0.12	0.06	0.08	SVOAX
SUSYX	1.0		0.65	0.06	0.83	0.63	-0.09	0.14	0.08	0.1	SUSYX
SEVIX	0.65	0.65		0.1	0.65	0.79	-0.18	0.15	-0.17	-0.15	SEVIX
RMT	0.05	0.06	0.1		0.03	0.02	0.73	0.86	0.6	0.59	RMT
PRNIX	0.83	0.83	0.65	0.03		0.77	-0.3	0.09	-0.18	-0.15	PRNIX
PQNAX	0.63	0.63	0.79	0.02	0.77		-0.14	0.04	-0.23	-0.21	PQNAX
IDIVX	-0.12	-0.09	-0.18	0.73	-0.3	-0.14		0.57	0.83	0.81	IDIVX
LCRIX	0.12	0.14	0.15	0.86	0.09	0.04	0.57		0.44	0.43	LCRIX
AAIPX	0.06	0.08	-0.17	0.6	-0.18	-0.23	0.83	0.44		1.0	AAIPX
AILCX	0.08	0.1	-0.15	0.59	-0.15	-0.21	0.81	0.43	1.0		AILCX
	SVOAX	SUSYX	SEVIX	RMT	PRNIX	PQNAX	IDIVX	LCRIX	AAIPX	AILCX

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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

SUSYX	+ 1.0	SVOAX
AILCX	+ 1.0	AAIPX
LCRIX	+ 0.86	RMT
PRNIX	+ 0.83	SVOAX
PRNIX	+ 0.83	SUSYX
AAIPX	+ 0.83	IDIVX

High negative correlations

IDIVX	- 0.3	PRNIX
AAIPX	- 0.23	PQNAX
AILCX	- 0.21	PQNAX
AAIPX	- 0.18	PRNIX
IDIVX	- 0.18	SEVIX
AAIPX	- 0.17	SEVIX

Risk-Adjusted Indicators

There is a big difference between ANTUX Mutual Fund performing well and Nt Non 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 Nt Non'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
SVOAX	0.38	(0.05)	(0.17)	(0.02)	0.45	(0.44)	0.94	(0.79)	2.40
SUSYX	0.37	(0.05)	(0.17)	(0.01)	0.44	(0.47)	0.94	(0.79)	2.47
SEVIX	0.35	(0.01)	0.00	0.22	0.00	0.00	0.94	(0.79)	2.47
RMT	0.95	(0.08)	(0.04)	0.02	1.21	(0.99)	1.85	(1.69)	7.57
PRNIX	0.72	(0.11)	0.00	(0.02)	0.00	0.00	1.41	(1.23)	6.73
PQNAX	0.73	0.04	(0.05)	(0.14)	0.90	(0.76)	1.51	(1.22)	6.76
IDIVX	0.41	0.10	0.03	(1.23)	0.33	(0.48)	0.94	(0.67)	2.66
LCRIX	0.45	(0.12)	0.00	(0.06)	0.00	0.00	0.76	(0.62)	1.93
AAIPX	0.55	(0.01)	(0.04)	0.07	0.64	(0.57)	1.06	(1.04)	3.64
AILCX	0.55	(0.01)	(0.04)	0.06	0.66	(0.56)	1.07	(1.05)	3.69

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