Northern Lights Correlations

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The current 90-days correlation between Northern Lights and Freedom Day Dividend is 0.15 (i.e., Average 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.

Northern Lights Correlation With Market

Average diversification

The correlation between Northern Lights and DJI is 0.15 (i.e., Average 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Northern Lights. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Northern OTC BB Equity please use our How to Invest in Northern Lights guide.

Moving together with Northern OTC BB Equity

0.9	VO	Vanguard Mid Cap	Pair Corr
0.93	VXF	Vanguard Extended Market	Pair Corr
0.86	IJH	iShares Core SP	Pair Corr
0.89	IWR	iShares Russell Mid	Pair Corr
0.86	MDY	SPDR SP MIDCAP	Pair Corr
0.88	FV	First Trust Dorsey	Pair Corr
0.86	IVOO	Vanguard SP Mid	Pair Corr
0.86	JHMM	John Hancock Multifactor	Pair Corr
0.91	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.9	XMMO	Invesco SP MidCap	Pair Corr
0.86	SWP	SWP Growth Income	Pair Corr
0.88	WINN	Harbor Long Term	Pair Corr
0.91	ARKQ	ARK Autonomous Technology	Pair Corr
0.88	FELG	Fidelity Covington Trust	Pair Corr
0.91	TRFK	Pacer Funds Trust	Pair Corr
0.95	IBLC	iShares Blockchain and	Pair Corr
0.96	PUTW	WisdomTree CBOE SP	Pair Corr
0.84	QYLD	Global X NASDAQ	Pair Corr
0.9	ETHE	Grayscale Ethereum Trust	Pair Corr
0.9	ENFR	Alerian Energy Infra	Pair Corr
0.82	BULZ	MicroSectors Solactive	Pair Corr
0.89	AAA	Listed Funds Trust	Pair Corr
0.88	CGUS	Capital Group Core	Pair Corr
0.92	RPG	Invesco SP 500	Pair Corr
0.8	RXI	iShares Global Consumer	Pair Corr
0.87	QJUN	First Trust Exchange	Pair Corr
0.96	IYZ	IShares Telecommunicatio	Pair Corr
0.92	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.91	VSLU	ETF Opportunities Trust	Pair Corr
0.89	SOFR	SOFR Symbol Change	Pair Corr

Moving against Northern OTC BB Equity

0.86	FNGD	MicroSectors FANG Index	Pair Corr
0.32	MCHI	iShares MSCI China	Pair Corr

Related Correlations Analysis

	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI
MBOX		-0.17	-0.21	-0.28	0.47	0.86	0.23	0.87	-0.1	MBOX
DIEM	-0.17		0.82	0.5	-0.68	-0.31	0.65	-0.32	0.8	DIEM
MCHI	-0.21	0.82		0.16	-0.42	-0.18	0.28	-0.26	0.39	MCHI
DIPS	-0.28	0.5	0.16		-0.62	-0.63	0.53	-0.47	0.78	DIPS
DISO	0.47	-0.68	-0.42	-0.62		0.58	-0.67	0.48	-0.75	DISO
DIVB	0.86	-0.31	-0.18	-0.63	0.58		0.04	0.94	-0.4	DIVB
DIVD	0.23	0.65	0.28	0.53	-0.67	0.04		0.17	0.83	DIVD
DIVG	0.87	-0.32	-0.26	-0.47	0.48	0.94	0.17		-0.3	DIVG
DIVI	-0.1	0.8	0.39	0.78	-0.75	-0.4	0.83	-0.3		DIVI
	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI

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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

DIVG	+ 0.94	DIVB
DIVG	+ 0.87	MBOX
DIVB	+ 0.86	MBOX
DIVI	+ 0.83	DIVD
MCHI	+ 0.82	DIEM
DIVI	+ 0.8	DIEM

High negative correlations

DIVI	- 0.75	DISO
DISO	- 0.68	DIEM
DIVD	- 0.67	DISO
DIVB	- 0.63	DIPS
DISO	- 0.62	DIPS
DIVG	- 0.47	DIPS

Northern Lights Constituents Risk-Adjusted Indicators

There is a big difference between Northern OTC BB Equity performing well and Northern Lights 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 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
MBOX	0.60	(0.08)	0.00	(0.07)	0.00	0.00	1.08	(1.08)	5.52
DIEM	0.84	(0.02)	0.00	(0.08)	0.00	0.00	2.24	(2.01)	7.08
MCHI	2.09	0.22	0.07	(11.66)	2.64	(2.17)	6.60	(4.51)	19.78
DIPS	1.35	(0.22)	0.00	0.38	0.00	0.00	2.00	(2.90)	8.29
DISO	0.81	0.20	0.20	0.42	0.67	(0.93)	1.63	(1.28)	5.97
DIVB	0.52	(0.03)	0.00	(0.01)	0.00	0.00	1.11	(0.73)	5.73
DIVD	0.48	(0.14)	0.00	(0.27)	0.00	0.00	0.85	(0.98)	3.36
DIVG	0.54	(0.07)	0.00	(0.07)	0.00	0.00	1.10	(0.92)	4.33
DIVI	0.61	(0.17)	0.00	(0.68)	0.00	0.00	1.02	(1.48)	4.59

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