Northern California Intermediate Fund Market Value
| NCITX Fund | USD 9.81 0.08 0.81% |
| Symbol | Northern |
Northern California '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 California'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 California.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Northern California on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Northern California Intermediate or generate 0.0% return on investment in Northern California over 240 days. Northern California is related to or competes with Northern Bond, Northern E, Northern Arizona, Northern Emerging, Northern Fixed, Northern Income, and Northern International. The fund invests at least 80 percent of the funds net assets will be invested in instruments that pay income that is exe... More
Northern California 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 California'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 California Intermediate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.42 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.2033 |
Northern California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern California's standard deviation. In reality, there are many statistical measures that can use Northern California historical prices to predict the future Northern California's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 1.08 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern California's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Northern California Backtested Returns
Northern California has Sharpe Ratio of -0.12, which conveys that the entity had a -0.12% return per unit of risk over the last 3 months. Northern California exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern California's Standard Deviation of 0.2262, risk adjusted performance of (0.11), and Mean Deviation of 0.1455 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0317, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern California are expected to decrease at a much lower rate. During the bear market, Northern California is likely to outperform the market.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Northern California Intermediate has insignificant reverse predictability. Overlapping area represents the amount of predictability between Northern California 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 California price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Northern California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern California lagged returns against current returns
Autocorrelation, which is Northern California 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 California's mutual fund expected returns. We can calculate the autocorrelation of Northern California returns to help us make a trade decision. For example, suppose you find that Northern California 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 California 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 California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern California 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 California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern California Lagged Returns
When evaluating Northern California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern California mutual fund have on its future price. Northern California 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 California autocorrelation shows the relationship between Northern California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern California Intermediate.
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 California 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 California security.
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
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