Northern Global Sustainability Fund Market Value

NSRIX Fund  USD 22.69  1.31  5.46%   
Northern Global's market value is the price at which a share of Northern Global trades on a public exchange. It measures the collective expectations of Northern Global Sustainability investors about its performance. Northern Global is trading at 22.69 as of the 22nd of December 2024; that is 5.46 percent decrease since the beginning of the trading day. The fund's open price was 24.0.
With this module, you can estimate the performance of a buy and hold strategy of Northern Global Sustainability and determine expected loss or profit from investing in Northern Global over a given investment horizon. Check out Northern Global Correlation, Northern Global Volatility and Northern Global Alpha and Beta module to complement your research on Northern Global.
Symbol

Please note, there is a significant difference between Northern Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Global'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 Global '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 Global'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 Global.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Northern Global on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Global Sustainability or generate 0.0% return on investment in Northern Global over 720 days. Northern Global is related to or competes with Guidemark Smallmid, Df Dent, Small Pany, Eagle Small, Glg Intl, and Lebenthal Lisanti. The fund will invest substantially all of its net assets in equity securities included in the index, in weightings that ... More

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

Northern Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Global's standard deviation. In reality, there are many statistical measures that can use Northern Global historical prices to predict the future Northern Global's volatility.
Hype
Prediction
LowEstimatedHigh
21.7222.6923.66
Details
Intrinsic
Valuation
LowRealHigh
22.0222.9923.96
Details

Northern Global Sust Backtested Returns

Northern Global Sust has Sharpe Ratio of -0.0844, which conveys that the entity had a -0.0844% return per unit of risk over the last 3 months. Northern Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Global's Mean Deviation of 0.5622, standard deviation of 0.9686, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Global is expected to be smaller as well.

Auto-correlation

    
  0.73  

Good predictability

Northern Global Sustainability has good predictability. Overlapping area represents the amount of predictability between Northern Global time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Global Sust price movement. The serial correlation of 0.73 indicates that around 73.0% of current Northern Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.73
Spearman Rank Test0.76
Residual Average0.0
Price Variance1.63

Northern Global Sust lagged returns against current returns

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

Northern Global Lagged Returns

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

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Other Information on Investing in Northern Mutual Fund

Northern Global 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 Global security.
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