Northern Short Intermediate Government Fund Market Value
| NSIUX Fund | USD 9.28 0.01 0.11% |
| Symbol | Northern |
Northern Short-intermedia '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 Short-intermedia'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 Short-intermedia.
| 01/14/2024 |
| 01/08/2025 |
If you would invest 0.00 in Northern Short-intermedia on January 14, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Short Intermediate Government or generate 0.0% return on investment in Northern Short-intermedia over 360 days. Northern Short-intermedia is related to or competes with Northern Bond, Northern Core, Northern Arizona, Northern Emerging, Northern Fixed, Northern Income, and Northern International. The fund will invest, under normal circumstances, at least 80 percent of its net assets in securities issued or guarante... More
Northern Short-intermedia 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 Short-intermedia'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 Short Intermediate Government upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.08 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2158 |
Northern Short-intermedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Short-intermedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Short-intermedia's standard deviation. In reality, there are many statistical measures that can use Northern Short-intermedia historical prices to predict the future Northern Short-intermedia's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 2.79 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Short-intermedia'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 Short-intermedia Backtested Returns
Northern Short-intermedia has Sharpe Ratio of -0.0448, which conveys that the entity had a -0.0448% return per unit of risk over the last 3 months. Northern Short-intermedia exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Short-intermedia's Mean Deviation of 0.122, risk adjusted performance of (0.14), and Standard Deviation of 0.1657 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0111, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Short-intermedia are expected to decrease at a much lower rate. During the bear market, Northern Short-intermedia is likely to outperform the market.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Northern Short Intermediate Government has insignificant reverse predictability. Overlapping area represents the amount of predictability between Northern Short-intermedia time series from 14th of January 2024 to 12th of July 2024 and 12th of July 2024 to 8th of January 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 Short-intermedia price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Northern Short-intermedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Short-intermedia lagged returns against current returns
Autocorrelation, which is Northern Short-intermedia 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 Short-intermedia's mutual fund expected returns. We can calculate the autocorrelation of Northern Short-intermedia returns to help us make a trade decision. For example, suppose you find that Northern Short-intermedia 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 Short-intermedia 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 Short-intermedia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Short-intermedia 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 Short-intermedia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Short-intermedia Lagged Returns
When evaluating Northern Short-intermedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Short-intermedia mutual fund have on its future price. Northern Short-intermedia 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 Short-intermedia autocorrelation shows the relationship between Northern Short-intermedia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Short Intermediate Government.
Regressed Prices |
| Timeline |
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Other Information on Investing in Northern Mutual Fund
Northern Short-intermedia 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 Short-intermedia security.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
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