Northern Quality Esg Fund Market Value

NUEIX Fund  USD 21.11  0.15  0.71%   
Northern Quality's market value is the price at which a share of Northern Quality trades on a public exchange. It measures the collective expectations of Northern Quality Esg investors about its performance. Northern Quality is trading at 21.11 as of the 23rd of December 2024; that is 0.71 percent decrease since the beginning of the trading day. The fund's open price was 21.26.
With this module, you can estimate the performance of a buy and hold strategy of Northern Quality Esg and determine expected loss or profit from investing in Northern Quality over a given investment horizon. Check out Northern Quality Correlation, Northern Quality Volatility and Northern Quality Alpha and Beta module to complement your research on Northern Quality.
Symbol

Please note, there is a significant difference between Northern Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Quality'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 Quality '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 Quality'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 Quality.
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 Quality on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Quality Esg or generate 0.0% return on investment in Northern Quality over 30 days. Northern Quality is related to or competes with Northern Small, Northern International, Northern Mid, Northern Bond, and Northern Emerging. In seeking long-term capital appreciation, the fund will invest, under normal circumstances, at least 80 percent of its ... More

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

Northern Quality Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Quality's standard deviation. In reality, there are many statistical measures that can use Northern Quality historical prices to predict the future Northern Quality's volatility.
Hype
Prediction
LowEstimatedHigh
20.3921.1121.83
Details
Intrinsic
Valuation
LowRealHigh
20.4721.1921.91
Details
Naive
Forecast
LowNextHigh
19.8720.6021.32
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.5621.1821.80
Details

Northern Quality Esg Backtested Returns

At this stage we consider Northern Mutual Fund to be very steady. Northern Quality Esg has Sharpe Ratio of 0.0395, which conveys that the entity had a 0.0395% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Northern Quality, which you can use to evaluate the volatility of the fund. Please verify Northern Quality's Risk Adjusted Performance of 0.0337, mean deviation of 0.4945, and Downside Deviation of 0.8379 to check out if the risk estimate we provide is consistent with the expected return of 0.0287%. The fund secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Quality is expected to be smaller as well.

Auto-correlation

    
  -0.64  

Very good reverse predictability

Northern Quality Esg has very good reverse predictability. Overlapping area represents the amount of predictability between Northern Quality 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 Quality Esg price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Northern Quality price fluctuation can be explain by its past prices.
Correlation Coefficient-0.64
Spearman Rank Test-0.77
Residual Average0.0
Price Variance0.16

Northern Quality Esg lagged returns against current returns

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

Northern Quality Lagged Returns

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