Northern Income Equity Fund Market Value
| NOIEX Fund | USD 17.13 0.26 1.54% |
| Symbol | NORTHERN |
Northern Income '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 Income'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 Income.
| 01/01/2025 |
| 03/02/2025 |
If you would invest 0.00 in Northern Income on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Northern Income Equity or generate 0.0% return on investment in Northern Income over 60 days. Northern Income is related to or competes with Northern High, Northern International, Northern Large, Northern Stock, and Northern Fixed. In seeking to achieve its investment objective, the fund will, under normal circumstances, invest at least 80 percent of... More
Northern Income 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 Income'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 Income Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9646 | |||
| Information Ratio | 0.0499 | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.16 |
Northern Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Income's standard deviation. In reality, there are many statistical measures that can use Northern Income historical prices to predict the future Northern Income's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0294 | |||
| Total Risk Alpha | 0.0408 | |||
| Sortino Ratio | 0.0407 | |||
| Treynor Ratio | 0.0283 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Income'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 Income Equity Backtested Returns
At this stage we consider NORTHERN Mutual Fund to be very steady. Northern Income Equity has Sharpe Ratio of close to zero, which conveys that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Income, which you can use to evaluate the volatility of the fund. Please verify Northern Income's Mean Deviation of 0.5722, risk adjusted performance of 0.0252, and Downside Deviation of 0.9646 to check out if the risk estimate we provide is consistent with the expected return of 0.0023%. The fund secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Income is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Northern Income Equity has weak predictability. Overlapping area represents the amount of predictability between Northern Income time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd 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 Income Equity price movement. The serial correlation of 0.21 indicates that over 21.0% of current Northern Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Northern Income Equity lagged returns against current returns
Autocorrelation, which is Northern Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Northern Income returns to help us make a trade decision. For example, suppose you find that Northern Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Income Lagged Returns
When evaluating Northern Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Income mutual fund have on its future price. Northern Income 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 Income autocorrelation shows the relationship between Northern Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Income Equity.
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 Income 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 Income security.
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