Northern Short Bond Fund Market Value
| BSBAX Fund | USD 18.19 0.04 0.22% |
| Symbol | Northern |
Northern Short '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 Short'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 Short.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Northern Short on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Short Bond or generate 0.0% return on investment in Northern Short over 240 days. Northern Short is related to or competes with Northern Bond, Northern E, Northern Arizona, Northern Emerging, Northern Fixed, Northern Income, and Northern International. The fund will invest, under normal circumstances, at least 80 percent of its net assets in bonds and other fixed-income ... More
Northern Short 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 Short'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 Short Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 0.7643 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.1647 |
Northern Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Short's standard deviation. In reality, there are many statistical measures that can use Northern Short historical prices to predict the future Northern Short's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.78) |
Northern Short Bond Backtested Returns
Northern Short Bond has Sharpe Ratio of -0.17, which conveys that the entity had a -0.17% return per unit of risk over the last 3 months. Northern Short exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Short's Risk Adjusted Performance of (0.13), standard deviation of 0.114, and Mean Deviation of 0.0786 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0112, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Short is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
Northern Short Bond has modest reverse predictability. Overlapping area represents the amount of predictability between Northern Short time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd of December 2024. 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 Short Bond price movement. The serial correlation of -0.46 indicates that about 46.0% of current Northern Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Short Bond lagged returns against current returns
Autocorrelation, which is Northern Short 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 Short's mutual fund expected returns. We can calculate the autocorrelation of Northern Short returns to help us make a trade decision. For example, suppose you find that Northern Short 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 Short 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 Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Short 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 Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Short Lagged Returns
When evaluating Northern Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Short mutual fund have on its future price. Northern Short 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 Short autocorrelation shows the relationship between Northern Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Short Bond.
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 Short 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 Short security.
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