Northern Trust Correlations

NTRS Stock

USD 100.24 0.31 0.31%

The current 90-days correlation between Northern Trust and Bank of New is 0.63 (i.e., Poor 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 0.45 (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

0.93	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.89	AMG	Affiliated Managers	Pair Corr
0.91	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.88	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.81	FNVT	Finnovate Acquisition	Pair Corr
0.75	IVZ	Invesco Plc Fiscal Year End 28th of January 2025	Pair Corr
0.91	JHG	Janus Henderson Group	Pair Corr
0.93	STT	State Street Corp Fiscal Year End 17th of January 2025	Pair Corr
0.86	MAIN	Main Street Capital	Pair Corr
0.94	SEIC	SEI Investments	Pair Corr
0.86	ARCC	Ares Capital	Pair Corr
0.79	TROW	T Rowe Price	Pair Corr
0.74	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.74	V	Visa Class A	Pair Corr
0.9	AB	AllianceBernstein	Pair Corr
0.79	AC	Associated Capital	Pair Corr
0.92	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.83	BN	Brookfield Corp	Pair Corr
0.61	CB	Chubb	Pair Corr
0.85	CG	Carlyle Group	Pair Corr
0.82	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.74	DB	Deutsche Bank AG	Pair Corr
0.75	GL	Globe Life	Pair Corr
0.8	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.7	KB	KB Financial Group	Pair Corr
0.88	LC	LendingClub Corp	Pair Corr
0.71	LX	Lexinfintech Holdings Upward Rally	Pair Corr

Moving against Northern Stock

0.75	BRACU	Broad Capital Acquisition	Pair Corr
0.57	WTMA	Welsbach Technology	Pair Corr
0.5	IX	Orix Corp Ads	Pair Corr
0.35	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	BK	IVZ	BEN	TROW	STT	AMP	FOCS	SEIC	AMK
BK		0.85	-0.27	0.81	0.97	0.98	0.84	0.91	-0.15	BK
IVZ	0.85		-0.09	0.87	0.87	0.9	0.77	0.82	-0.1	IVZ
BEN	-0.27	-0.09		0.17	-0.31	-0.22	-0.23	-0.08	-0.04	BEN
TROW	0.81	0.87	0.17		0.78	0.84	0.65	0.85	-0.22	TROW
STT	0.97	0.87	-0.31	0.78		0.95	0.78	0.91	-0.2	STT
AMP	0.98	0.9	-0.22	0.84	0.95		0.83	0.92	-0.17	AMP
FOCS	0.84	0.77	-0.23	0.65	0.78	0.83		0.67	0.05	FOCS
SEIC	0.91	0.82	-0.08	0.85	0.91	0.92	0.67		-0.32	SEIC
AMK	-0.15	-0.1	-0.04	-0.22	-0.2	-0.17	0.05	-0.32		AMK
	BK	IVZ	BEN	TROW	STT	AMP	FOCS	SEIC	AMK

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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

AMP	+ 0.98	BK
STT	+ 0.97	BK
AMP	+ 0.95	STT
SEIC	+ 0.92	AMP
SEIC	+ 0.91	BK
SEIC	+ 0.91	STT

High negative correlations

AMK	- 0.32	SEIC
STT	- 0.31	BEN
BEN	- 0.27	BK
FOCS	- 0.23	BEN
AMK	- 0.22	TROW
AMP	- 0.22	BEN

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	0.20	0.28	0.70	(0.91)	1.97	(1.38)	5.11
IVZ	1.45	0.05	0.06	0.09	1.63	(1.59)	2.84	(3.27)	7.57
BEN	1.50	(0.17)	0.00	(0.07)	0.00	0.00	2.32	(2.93)	14.84
TROW	1.06	0.01	0.02	0.08	1.39	(1.05)	2.14	(2.33)	5.24
STT	0.94	0.13	0.11	0.19	1.02	(1.07)	2.17	(1.36)	4.69
AMP	0.86	0.28	0.25	0.32	0.69	(0.99)	1.99	(1.66)	5.97
FOCS	0.09	0.00	(0.68)	2.17	0.07	(0.10)	0.21	(0.17)	0.56
SEIC	0.84	0.16	0.13	0.25	0.89	(0.97)	1.85	(1.56)	7.23
AMK	0.20	0.05	(0.10)	(0.36)	0.00	(0.24)	0.52	(0.41)	1.49

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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