Northern Fixed Income Fund Price on November 9, 2023
NOFIX Fund | USD 8.88 0.04 0.45% |
If you're considering investing in Northern Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Northern Fixed stands at 8.88, as last reported on the 13th of December 2024, with the highest price reaching 8.88 and the lowest price hitting 8.88 during the day. Northern Fixed Income has Sharpe Ratio of -0.16, which conveys that the entity had a -0.16% return per unit of risk over the last 3 months. Northern Fixed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Fixed's Mean Deviation of 0.2281, standard deviation of 0.3119, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide.
Northern Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Northern |
Sharpe Ratio = -0.1594
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Estimated Market Risk
0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Northern Fixed is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northern Fixed by adding Northern Fixed to a well-diversified portfolio.
Northern Fixed Valuation on November 9, 2023
It is possible to determine the worth of Northern Fixed on a given historical date. On November 9, 2023 Northern was worth 8.13 at the beginning of the trading date compared to the closed value of 8.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Northern Fixed mutual fund. Still, in general, we apply an absolute valuation method to find Northern Fixed's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Northern Fixed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Northern Fixed's related companies.
Open | High | Low | Close | Volume | |
8.20 | 8.20 | 8.20 | 8.20 | 1.00 | |
11/09/2023 | 8.13 | 8.13 | 8.13 | 8.13 | 1.00 |
8.14 | 8.14 | 8.14 | 8.14 | 1.00 |
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Northern Fixed Trading Date Momentum on November 9, 2023
On November 10 2023 Northern Fixed Income was traded for 8.14 at the closing time. The highest daily price throughout the period was 8.14 and the lowest price was 8.14 . There was no trading activity during the period 1.0. Lack of trading volume on 11/10/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.12% . The trading delta at closing time to current closing price is 1.72% . |
Northern Fixed Income Fundamentals Correlations and Trends
By evaluating Northern Fixed's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Northern Fixed's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Northern financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Northern Fixed Mutual Fund history
Northern Fixed investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Northern is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Northern Fixed Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Northern Fixed stock prices may prove useful in developing a viable investing in Northern Fixed
Northern Fixed Mutual Fund Technical Analysis
Northern Fixed technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Northern Fixed Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Northern Fixed Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Northern Fixed December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Northern Fixed mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern Fixed shares will generate the highest return on investment. By undertsting and applying Northern Fixed mutual fund market strength indicators, traders can identify Northern Fixed Income entry and exit signals to maximize returns
Northern Fixed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Northern Fixed's price direction in advance. Along with the technical and fundamental analysis of Northern Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Northern to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.13) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.1) | |||
Treynor Ratio | 3.23 |
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Volume Indicators |
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.
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
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Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |