Northern Arizona Tax Exempt Fund Market Value
| NOAZX Fund | USD 9.52 0.02 0.21% |
| Symbol | Northern |
Northern Arizona '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 Arizona'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 Arizona.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Northern Arizona on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Arizona Tax Exempt or generate 0.0% return on investment in Northern Arizona over 90 days. Northern Arizona is related to or competes with Wealthbuilder Moderate, Retirement Living, Transamerica Cleartrack, Lifestyle, Sa Worldwide, Franklin Lifesmart, and Target Retirement. 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 Arizona 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 Arizona'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 Arizona Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.3215 | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.3132 |
Northern Arizona Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Arizona's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Arizona's standard deviation. In reality, there are many statistical measures that can use Northern Arizona historical prices to predict the future Northern Arizona's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 9.3 |
Northern Arizona Tax Backtested Returns
Northern Arizona Tax has Sharpe Ratio of -0.0622, which conveys that the entity had a -0.0622 % return per unit of risk over the last 3 months. Northern Arizona exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Arizona's Standard Deviation of 0.2205, mean deviation of 0.1647, and Risk Adjusted Performance of (0.14) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0041, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Arizona are expected to decrease at a much lower rate. During the bear market, Northern Arizona is likely to outperform the market.
Auto-correlation | -0.82 |
Excellent reverse predictability
Northern Arizona Tax Exempt has excellent reverse predictability. Overlapping area represents the amount of predictability between Northern Arizona time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Arizona Tax price movement. The serial correlation of -0.82 indicates that around 82.0% of current Northern Arizona price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Arizona Tax lagged returns against current returns
Autocorrelation, which is Northern Arizona 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 Arizona's mutual fund expected returns. We can calculate the autocorrelation of Northern Arizona returns to help us make a trade decision. For example, suppose you find that Northern Arizona 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 Arizona 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 Arizona mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Arizona 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 Arizona mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Arizona Lagged Returns
When evaluating Northern Arizona's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Arizona mutual fund have on its future price. Northern Arizona 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 Arizona autocorrelation shows the relationship between Northern Arizona mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Arizona Tax Exempt.
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 Arizona 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 Arizona security.
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