Northern Trust Correlations

NTRS Stock

USD 124.23 2.30 1.82%

The current 90-days correlation between Northern Trust and State Street Corp is 0.61 (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 0.41 (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.

Build AI portfolio with Northern Stock

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

0.91	DHIL	Diamond Hill Investment	Pair Corr
0.65	AB	AllianceBernstein Earnings Call Tomorrow	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.82	BX	Blackstone Group	Pair Corr
0.94	CG	Carlyle Group Earnings Call Tomorrow	Pair Corr
0.94	WT	WisdomTree	Pair Corr
0.83	VCTR	Victory Capital Holdings	Pair Corr
0.7	VRTS	Virtus Investment Earnings Call This Week	Pair Corr
0.87	OCCIM	OFS Credit ,	Pair Corr
0.87	OCCIN	OFS Credit	Pair Corr
0.86	OCCIO	OFS Credit	Pair Corr
0.65	FDUS	Fidus Investment Corp	Pair Corr
0.94	AMG	Affiliated Managers Earnings Call This Week	Pair Corr
0.63	AMP	Ameriprise Financial Earnings Call Tomorrow	Pair Corr
0.7	APO	Apollo Global Management	Pair Corr
0.97	BEN	Franklin Resources	Pair Corr
0.95	BLK	BlackRock	Pair Corr
0.78	EQS	Equus Total Return	Pair Corr
0.89	FHI	Federated Investors Normal Trading	Pair Corr
0.85	FSK	FS KKR Capital	Pair Corr
0.76	IVZ	Invesco Plc Normal Trading	Pair Corr
0.89	JHG	Janus Henderson Group Earnings Call This Week	Pair Corr
0.9	KKR	KKR Co LP Earnings Call Next Week	Pair Corr

Moving against Northern Stock

0.71	GCMGW	GCM Grosvenor	Pair Corr
0.77	CWD	CaliberCos Class A	Pair Corr
0.61	BCG	Binah Capital Group,	Pair Corr

Related Correlations Analysis

	STT	BK	SEIC	PFG	AMG	CMA	MTB	ZION	MMC
STT		0.47	0.49	0.81	0.96	0.95	0.98	0.96	-0.65	STT
BK	0.47		0.93	0.43	0.46	0.32	0.53	0.44	-0.2	BK
SEIC	0.49	0.93		0.43	0.47	0.34	0.58	0.47	-0.23	SEIC
PFG	0.81	0.43	0.43		0.81	0.83	0.85	0.81	-0.32	PFG
AMG	0.96	0.46	0.47	0.81		0.96	0.94	0.98	-0.7	AMG
CMA	0.95	0.32	0.34	0.83	0.96		0.94	0.98	-0.63	CMA
MTB	0.98	0.53	0.58	0.85	0.94	0.94		0.95	-0.61	MTB
ZION	0.96	0.44	0.47	0.81	0.98	0.98	0.95		-0.71	ZION
MMC	-0.65	-0.2	-0.23	-0.32	-0.7	-0.63	-0.61	-0.71		MMC
	STT	BK	SEIC	PFG	AMG	CMA	MTB	ZION	MMC

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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

MTB	+ 0.98	STT
ZION	+ 0.98	AMG
ZION	+ 0.98	CMA
AMG	+ 0.96	STT
ZION	+ 0.96	STT
CMA	+ 0.96	AMG

High negative correlations

MMC	- 0.71	ZION
MMC	- 0.7	AMG
MMC	- 0.65	STT
MMC	- 0.63	CMA
MMC	- 0.61	MTB
MMC	- 0.32	PFG

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
STT	0.99	0.23	0.10	0.50	1.35	(1.10)	2.37	(1.50)	10.27
BK	0.82	0.26	0.19	0.56	0.42	(0.95)	2.04	(1.33)	5.24
SEIC	1.01	0.43	0.14	(1.20)	0.67	(1.20)	2.60	(1.78)	9.87
PFG	1.02	(0.06)	(0.05)	0.14	1.18	(1.13)	1.85	(1.94)	7.65
AMG	1.09	0.22	0.17	0.46	0.77	(1.38)	2.87	(1.57)	7.38
CMA	1.40	0.15	0.11	0.33	1.32	(1.69)	3.36	(3.19)	8.38
MTB	1.07	0.05	0.03	0.26	1.16	(1.13)	2.35	(2.41)	7.50
ZION	1.29	0.13	0.11	0.31	1.25	(1.45)	3.02	(2.39)	10.51
MMC	0.79	(0.16)	0.00	(0.17)	0.00	0.00	1.47	(1.53)	5.38

Northern Trust Corporate Management

Daniel CFA	Executive Management	Profile
Ian Headon	Head Services	Profile
Jennifer CFA	Senior Relations	Profile
K Mannard	Chief Officer	Profile

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