Northern Ultra Short Fixed Fund Market Value
| NUSFX Fund | USD 10.30 0.01 0.1% |
| Symbol | Northern |
Northern Ultra '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 Ultra'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 Ultra.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Northern Ultra on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Ultra Short Fixed or generate 0.0% return on investment in Northern Ultra over 30 days. Northern Ultra 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 Ultra 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 Ultra'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 Ultra Short Fixed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1038 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 0.4871 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.0972 |
Northern Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Ultra's standard deviation. In reality, there are many statistical measures that can use Northern Ultra historical prices to predict the future Northern Ultra's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | 0.599 |
Northern Ultra Short Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Ultra Short has Sharpe Ratio of 3.0E-4, which conveys that the entity had a 3.0E-4% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Northern Ultra, which you can use to evaluate the volatility of the fund. Please verify Northern Ultra's Coefficient Of Variation of 1347.45, risk adjusted performance of (0.03), and Mean Deviation of 0.0343 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The fund secures a Beta (Market Risk) of -0.0068, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Ultra are expected to decrease at a much lower rate. During the bear market, Northern Ultra is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Northern Ultra Short Fixed has no correlation between past and present. Overlapping area represents the amount of predictability between Northern Ultra 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 Ultra Short price movement. The serial correlation of 0.0 indicates that just 0.0% of current Northern Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Ultra Short lagged returns against current returns
Autocorrelation, which is Northern Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Northern Ultra returns to help us make a trade decision. For example, suppose you find that Northern Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Ultra Lagged Returns
When evaluating Northern Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Ultra mutual fund have on its future price. Northern Ultra 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 Ultra autocorrelation shows the relationship between Northern Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Ultra Short Fixed.
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 Ultra 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 Ultra security.
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