Northern Emerging Markets Fund Market Value
| NOEMX Fund | USD 11.55 0.04 0.35% |
| Symbol | Northern |
Northern Emerging '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 Emerging'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 Emerging.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Northern Emerging on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Emerging Markets or generate 0.0% return on investment in Northern Emerging over 30 days. Northern Emerging is related to or competes with Commonwealth Real, Deutsche Real, Goldman Sachs, Msif Us, Great-west Real, and Fidelity Real. The fund will invest substantially all of its net assets in equity securities, in weightings that approximate the relati... More
Northern Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.53 |
Northern Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Emerging's standard deviation. In reality, there are many statistical measures that can use Northern Emerging historical prices to predict the future Northern Emerging's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.04) |
Northern Emerging Markets Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Emerging Markets has Sharpe Ratio of 0.0205, which conveys that the entity had a 0.0205% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Northern Emerging, which you can use to evaluate the volatility of the fund. Please verify Northern Emerging's Standard Deviation of 0.9516, risk adjusted performance of 0.0013, and Mean Deviation of 0.6967 to check out if the risk estimate we provide is consistent with the expected return of 0.0194%. The fund secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Emerging is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
Northern Emerging Markets has good predictability. Overlapping area represents the amount of predictability between Northern Emerging time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Emerging Markets price movement. The serial correlation of 0.67 indicates that around 67.0% of current Northern Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Emerging Markets lagged returns against current returns
Autocorrelation, which is Northern Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Northern Emerging returns to help us make a trade decision. For example, suppose you find that Northern Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Emerging Lagged Returns
When evaluating Northern Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Emerging mutual fund have on its future price. Northern Emerging 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 Emerging autocorrelation shows the relationship between Northern Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Emerging Markets.
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 Emerging 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 Emerging security.
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