Northern Tax Advantaged Ultra Short Fund Market Value
| NTAUX Fund | USD 10.17 0.01 0.1% |
| Symbol | Northern |
Northern Tax '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 Tax'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 Tax.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Northern Tax on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Tax Advantaged Ultra Short or generate 0.0% return on investment in Northern Tax over 720 days. Northern Tax is related to or competes with Northern Bond, Northern E, Northern Arizona, Northern Emerging, Northern Fixed, Northern Income, and Northern International. The fund will, under normal circumstances, invest primarily in fixed-income securities More
Northern Tax 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 Tax'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 Tax Advantaged Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1051 | |||
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 0.4927 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.0983 |
Northern Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Tax's standard deviation. In reality, there are many statistical measures that can use Northern Tax historical prices to predict the future Northern Tax's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 1.66 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Tax'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 Tax Advantaged Backtested Returns
Northern Tax Advantaged has Sharpe Ratio of -0.0235, which conveys that the entity had a -0.0235% return per unit of risk over the last 3 months. Northern Tax exposes twenty-six different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Tax's Risk Adjusted Performance of (0.07), mean deviation of 0.0294, and Coefficient Of Variation of 2433.98 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0042, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Tax are expected to decrease at a much lower rate. During the bear market, Northern Tax is likely to outperform the market.
Auto-correlation | 0.95 |
Excellent predictability
Northern Tax Advantaged Ultra Short has excellent predictability. Overlapping area represents the amount of predictability between Northern Tax time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 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 Tax Advantaged price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Northern Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Northern Tax Advantaged lagged returns against current returns
Autocorrelation, which is Northern Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Northern Tax returns to help us make a trade decision. For example, suppose you find that Northern Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Tax 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 Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Tax Lagged Returns
When evaluating Northern Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Tax mutual fund have on its future price. Northern Tax 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 Tax autocorrelation shows the relationship between Northern Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Tax Advantaged Ultra Short.
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 Tax 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 Tax security.
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