Northern Income Equity Fund Market Value

NOIEX Fund  USD 16.31  0.31  1.94%   
Northern Income's market value is the price at which a share of Northern Income trades on a public exchange. It measures the collective expectations of Northern Income Equity investors about its performance. Northern Income is trading at 16.31 as of the 16th of March 2025; that is 1.94 percent increase since the beginning of the trading day. The fund's open price was 16.0.
With this module, you can estimate the performance of a buy and hold strategy of Northern Income Equity and determine expected loss or profit from investing in Northern Income over a given investment horizon. Check out Northern Income Correlation, Northern Income Volatility and Northern Income Alpha and Beta module to complement your research on Northern Income.
Symbol

Please note, there is a significant difference between Northern Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in Northern Income on December 16, 2024 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 90 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
15.3416.3217.30
Details
Intrinsic
Valuation
LowRealHigh
15.4416.4217.40
Details
Naive
Forecast
LowNextHigh
15.0816.0617.04
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.0916.8117.53
Details

Northern Income Equity Backtested Returns

Northern Income Equity has Sharpe Ratio of -0.077, which conveys that the entity had a -0.077 % return per unit of risk over the last 3 months. Northern Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Income's Risk Adjusted Performance of (0.07), standard deviation of 0.9519, and Mean Deviation of 0.7395 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.78, 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

    
  -0.56  

Good reverse predictability

Northern Income Equity has good reverse predictability. Overlapping area represents the amount of predictability between Northern Income 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 Income Equity price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Northern Income price fluctuation can be explain by its past prices.
Correlation Coefficient-0.56
Spearman Rank Test-0.36
Residual Average0.0
Price Variance0.16

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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