Northern Small Cap Fund Market Value

NSGRX Fund  USD 25.22  4.58  15.37%   
Northern Small's market value is the price at which a share of Northern Small trades on a public exchange. It measures the collective expectations of Northern Small Cap investors about its performance. Northern Small is trading at 25.22 as of the 23rd of December 2024; that is 15.37 percent decrease since the beginning of the trading day. The fund's open price was 29.8.
With this module, you can estimate the performance of a buy and hold strategy of Northern Small Cap and determine expected loss or profit from investing in Northern Small over a given investment horizon. Check out Northern Small Correlation, Northern Small Volatility and Northern Small Alpha and Beta module to complement your research on Northern Small.
Symbol

Please note, there is a significant difference between Northern Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Small'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 Small '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 Small'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 Small.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in Northern Small on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Small Cap or generate 0.0% return on investment in Northern Small over 30 days. Northern Small is related to or competes with Northern Bond, Northern E, Northern Arizona, Northern Emerging, Northern Fixed, Northern Income, and Northern International. The fund will invest at least 80 percent of its net assets in equity securities of small capitalization companies More

Northern Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.

Northern Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Small's standard deviation. In reality, there are many statistical measures that can use Northern Small historical prices to predict the future Northern Small's volatility.
Hype
Prediction
LowEstimatedHigh
22.9425.2227.50
Details
Intrinsic
Valuation
LowRealHigh
23.8726.1528.43
Details

Northern Small Cap Backtested Returns

Northern Small Cap 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. Northern Small exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Small's Mean Deviation of 1.04, standard deviation of 2.25, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 1.31, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Northern Small will likely underperform.

Auto-correlation

    
  0.84  

Very good predictability

Northern Small Cap has very good predictability. Overlapping area represents the amount of predictability between Northern Small time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd of December 2024. 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 Small Cap price movement. The serial correlation of 0.84 indicates that around 84.0% of current Northern Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.84
Spearman Rank Test0.65
Residual Average0.0
Price Variance6.4

Northern Small Cap lagged returns against current returns

Autocorrelation, which is Northern Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Northern Small returns to help us make a trade decision. For example, suppose you find that Northern Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Small 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 Small mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Northern Small Lagged Returns

When evaluating Northern Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Small mutual fund have on its future price. Northern Small 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 Small autocorrelation shows the relationship between Northern Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Small Cap.
   Regressed Prices   
       Timeline  

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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 Small 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 Small security.
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