Northern Fixed Income Fund Market Value
| NOFIX Fund | USD 8.89 0.02 0.22% |
| 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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Northern Fixed on December 16, 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 90 days. Northern Fixed is related to or competes with Gamco International, Stringer Growth, Needham Aggressive, Tfa Alphagen, Eip Growth, and Auer Growth. 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 | 0.3151 | |||
| Maximum Drawdown | 1.38 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.5624 |
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 | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.0277 | |||
| Treynor Ratio | (0.17) |
Northern Fixed Income Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Fixed Income has Sharpe Ratio of 0.0612, which conveys that the entity had a 0.0612 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Northern Fixed, which you can use to evaluate the volatility of the fund. Please verify Northern Fixed's Standard Deviation of 0.3104, risk adjusted performance of (0.02), and Mean Deviation of 0.2429 to check out if the risk estimate we provide is consistent with the expected return of 0.019%. The fund secures a Beta (Market Risk) of 0.0674, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Fixed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Fixed is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Northern Fixed Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Northern Fixed 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 Fixed Income price movement. The serial correlation of -0.17 indicates that over 17.0% of current Northern Fixed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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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