Northern International Equity Fund Market Value
| NOINX Fund | USD 15.02 0.24 1.57% |
| Symbol | Northern |
Northern International '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 International'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 International.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Northern International on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Northern International Equity or generate 0.0% return on investment in Northern International over 90 days. Northern International is related to or competes with Ambrus Core, Multisector Bond, Calvert Bond, Siit Ultra, Versatile Bond, and Intermediate-term. The fund will invest substantially all of its net assets in the equity securities included in the MSCI EAFE Index, in weightings that approximate the relative composition of the securities contained in the index and in American Depositary Receipts , European Depositary Receipts , and Global Depositary Receipts representing such securities and Index futures approved by the Commodity Futures Trading Commission. More
Northern International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8679 | |||
| Information Ratio | 0.193 | |||
| Maximum Drawdown | 4.53 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.17 |
Northern International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern International's standard deviation. In reality, there are many statistical measures that can use Northern International historical prices to predict the future Northern International's volatility.| Risk Adjusted Performance | 0.0643 | |||
| Jensen Alpha | 0.0295 | |||
| Total Risk Alpha | 0.1566 | |||
| Sortino Ratio | 0.1856 | |||
| Treynor Ratio | (0.25) |
Northern International Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern International has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Northern International, which you can use to evaluate the volatility of the fund. Please verify Northern International's Mean Deviation of 0.6225, risk adjusted performance of 0.0643, and Downside Deviation of 0.8679 to check out if the risk estimate we provide is consistent with the expected return of 0.096%. The fund secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern International are expected to decrease at a much lower rate. During the bear market, Northern International is likely to outperform the market.
Auto-correlation | 0.50 |
Modest predictability
Northern International Equity has modest predictability. Overlapping area represents the amount of predictability between Northern International 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 International price movement. The serial correlation of 0.5 indicates that about 50.0% of current Northern International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Northern International lagged returns against current returns
Autocorrelation, which is Northern International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Northern International returns to help us make a trade decision. For example, suppose you find that Northern International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern International Lagged Returns
When evaluating Northern International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern International mutual fund have on its future price. Northern International 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 International autocorrelation shows the relationship between Northern International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern International 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 International 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 International security.