Northern International Equity Fund Market Value

NOINX Fund  USD 15.30  0.09  0.58%   
Northern International's market value is the price at which a share of Northern International trades on a public exchange. It measures the collective expectations of Northern International Equity investors about its performance. Northern International is trading at 15.30 as of the 24th of March 2025; that is 0.58 percent decrease since the beginning of the trading day. The fund's open price was 15.39.
With this module, you can estimate the performance of a buy and hold strategy of Northern International Equity and determine expected loss or profit from investing in Northern International over a given investment horizon. Check out Northern International Correlation, Northern International Volatility and Northern International Alpha and Beta module to complement your research on Northern International.
Symbol

Please note, there is a significant difference between Northern International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern International'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 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.
0.00
12/24/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/24/2025
0.00
If you would invest  0.00  in Northern International on December 24, 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 Eagle Mlp, Siit Emerging, Artisan Emerging, Saat Defensive, Franklin Emerging, Barings Emerging, and Virtus Emerging. 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.

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.
Hype
Prediction
LowEstimatedHigh
14.4715.3016.13
Details
Intrinsic
Valuation
LowRealHigh
13.7716.4717.30
Details
Naive
Forecast
LowNextHigh
14.5715.4016.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.8315.2115.59
Details

Northern International Backtested Returns

At this stage we consider Northern Mutual Fund to be very steady. Northern International has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern International, which you can use to evaluate the volatility of the fund. Please verify Northern International's Downside Deviation of 0.8867, risk adjusted performance of 0.1171, and Mean Deviation of 0.6448 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The fund secures a Beta (Market Risk) of 0.54, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern International is expected to be smaller as well.

Auto-correlation

    
  0.70  

Good predictability

Northern International Equity has good predictability. Overlapping area represents the amount of predictability between Northern International time series from 24th of December 2024 to 7th of February 2025 and 7th of February 2025 to 24th 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 0.7 indicates that around 70.0% of current Northern International price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.62
Residual Average0.0
Price Variance0.06
Northern ReturnsNorthern Lagged ReturnsDiversified AwayNorthern ReturnsNorthern Lagged ReturnsDiversified Away100%

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   
JavaScript chart by amCharts 3.21.15Feb 10Feb 17Feb 24MarMar 10Mar 17Mar 24-1%0%1%2%3%4%5%6%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       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   
JavaScript chart by amCharts 3.21.15Feb 10Feb 17Feb 24MarMar 10Mar 17Mar 2414.014.515.015.5
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression 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   
JavaScript chart by amCharts 3.21.152025FebMar14.014.515.015.5
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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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.
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