Northern Fixed Income Fund Probability of Future Mutual Fund Price Finishing Under 8.57
| NOFIX Fund | USD 8.88 0.04 0.45% |
Northern |
Northern Fixed Target Price Odds to finish below 8.57
The tendency of Northern Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 8.57 or more in 90 days |
| 8.88 | 90 days | 8.57 | near 1 |
Based on a normal probability distribution, the odds of Northern Fixed to drop to $ 8.57 or more in 90 days from now is near 1 (This Northern Fixed Income probability density function shows the probability of Northern Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Northern Fixed Income price to stay between $ 8.57 and its current price of $8.88 at the end of the 90-day period is about 15.59 .
Assuming the 90 days horizon Northern Fixed Income has a beta of -0.0033. This indicates as returns on the benchmark increase, returns on holding Northern Fixed are expected to decrease at a much lower rate. During a bear market, however, Northern Fixed Income is likely to outperform the market. Additionally Northern Fixed Income has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Northern Fixed Price Density |
| Price |
Predictive Modules for Northern Fixed
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northern Fixed Income. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Northern Fixed Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northern Fixed is not an exception. The market had few large corrections towards the Northern Fixed's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Northern Fixed Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northern Fixed within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.0033 | |
σ | Overall volatility | 0.1 | |
Ir | Information ratio | -0.45 |
Northern Fixed Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Northern Fixed for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northern Fixed Income can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Northern Fixed generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Northern Fixed Income maintains about 95.84% of its assets in bonds |
Northern Fixed Technical Analysis
Northern Fixed's future price can be derived by breaking down and analyzing its technical indicators over time. Northern Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northern Fixed Income. In general, you should focus on analyzing Northern Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Northern Fixed Predictive Forecast Models
Northern Fixed's time-series forecasting models is one of many Northern Fixed's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Northern Fixed's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Northern Fixed Income
Checking the ongoing alerts about Northern Fixed for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northern Fixed Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northern Fixed generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Northern Fixed Income maintains about 95.84% of its assets in bonds |
Other Information on Investing in Northern Mutual Fund
Northern Fixed financial ratios help investors to determine whether Northern Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Northern with respect to the benefits of owning Northern Fixed security.
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