Northern Fixed Income Fund Market Value
| NOFIX Fund | USD 8.88 0.04 0.45% |
| Symbol | Northern |
Northern Fixed '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 Fixed'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 Fixed.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Northern Fixed on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Fixed Income or generate 0.0% return on investment in Northern Fixed over 30 days. Northern Fixed is related to or competes with California High, Gamco Global, T Rowe, Baird Strategic, Blrc Sgy, and Counterpoint Tactical. The fund will seek capital appreciation and current income in the advisors attempt to maximize total return More
Northern Fixed 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 Fixed'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 Fixed Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.24 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.4515 |
Northern Fixed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Fixed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Fixed's standard deviation. In reality, there are many statistical measures that can use Northern Fixed historical prices to predict the future Northern Fixed's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 15.13 |
Northern Fixed Income Backtested Returns
Northern Fixed Income has Sharpe Ratio of -0.16, which conveys that the entity had a -0.16% return per unit of risk over the last 3 months. Northern Fixed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Fixed's Mean Deviation of 0.2307, standard deviation of 0.3123, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0033, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Fixed are expected to decrease at a much lower rate. During the bear market, Northern Fixed is likely to outperform the market.
Auto-correlation | -0.85 |
Excellent reverse predictability
Northern Fixed Income has excellent reverse predictability. Overlapping area represents the amount of predictability between Northern Fixed time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Fixed Income price movement. The serial correlation of -0.85 indicates that around 85.0% of current Northern Fixed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Fixed Income lagged returns against current returns
Autocorrelation, which is Northern Fixed 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 Fixed's mutual fund expected returns. We can calculate the autocorrelation of Northern Fixed returns to help us make a trade decision. For example, suppose you find that Northern Fixed 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 Fixed 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 Fixed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Fixed 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 Fixed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Fixed Lagged Returns
When evaluating Northern Fixed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Fixed mutual fund have on its future price. Northern Fixed 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 Fixed autocorrelation shows the relationship between Northern Fixed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Fixed Income.
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 Fixed 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 Fixed security.
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