Northern Global Tactical Fund Market Value
| BBALX Fund | USD 12.91 0.07 0.54% |
| Symbol | Northern |
Northern Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Northern Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Northern Global.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Northern Global on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Global Tactical or generate 0.0% return on investment in Northern Global over 90 days. Northern Global is related to or competes with Putnam Convertible, Virtus Convertible, Franklin Convertible, Rational/pier, Gabelli Convertible, Victory Incore, and Gamco Global. The fund will generally seek exposure to a number of different asset classes based on an asset allocation framework deve... More
Northern Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Northern Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Northern Global Tactical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1766 | |||
| Maximum Drawdown | 2.28 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.7634 |
Northern Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Global's standard deviation. In reality, there are many statistical measures that can use Northern Global historical prices to predict the future Northern Global's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.0497 | |||
| Treynor Ratio | 0.2553 |
Northern Global Tactical Backtested Returns
Northern Global Tactical has Sharpe Ratio of -0.0432, which conveys that the entity had a -0.0432 % return per unit of risk over the last 3 months. Northern Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Global's Risk Adjusted Performance of (0.05), standard deviation of 0.5424, and Mean Deviation of 0.4064 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Global are expected to decrease at a much lower rate. During the bear market, Northern Global is likely to outperform the market.
Auto-correlation | -0.49 |
Modest reverse predictability
Northern Global Tactical has modest reverse predictability. Overlapping area represents the amount of predictability between Northern Global time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Northern Global Tactical price movement. The serial correlation of -0.49 indicates that about 49.0% of current Northern Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Northern Global Tactical lagged returns against current returns
Autocorrelation, which is Northern Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Northern Global's mutual fund expected returns. We can calculate the autocorrelation of Northern Global returns to help us make a trade decision. For example, suppose you find that Northern Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Northern Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Northern Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Global Lagged Returns
When evaluating Northern Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Global mutual fund have on its future price. Northern Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Northern Global autocorrelation shows the relationship between Northern Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Global Tactical.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Northern Mutual Fund
Northern Global 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 Global security.
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