Northern Ultra Short Fixed Fund Market Value
| NUSFX Fund | USD 10.30 0.00 0.00% |
| Symbol | Northern |
Northern Ultra-short '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-short'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-short.
| 01/21/2023 |
| 01/10/2025 |
If you would invest 0.00 in Northern Ultra-short on January 21, 2023 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-short over 720 days. Northern Ultra-short is related to or competes with Enhanced, Transamerica Asset, Qs Global, Qs Us, Pace Large, and Federated Global. The fund will, under normal circumstances, invest primarily in fixed-income securities More
Northern Ultra-short 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-short'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 | 0.1052 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 0.5843 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.0975 |
Northern Ultra-short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Ultra-short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Ultra-short's standard deviation. In reality, there are many statistical measures that can use Northern Ultra-short historical prices to predict the future Northern Ultra-short's volatility.| Risk Adjusted Performance | (0.01) | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.19) |
Northern Ultra Short Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Ultra Short has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Northern Ultra-short, which you can use to evaluate the volatility of the fund. Please verify Northern Ultra-short's Standard Deviation of 0.0861, risk adjusted performance of (0.01), and Downside Deviation of 0.1052 to check out if the risk estimate we provide is consistent with the expected return of 0.0096%. The fund secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Northern Ultra-short are completely uncorrelated.
Auto-correlation | 0.98 |
Excellent predictability
Northern Ultra Short Fixed has excellent predictability. Overlapping area represents the amount of predictability between Northern Ultra-short time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th 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 Ultra Short price movement. The serial correlation of 0.98 indicates that 98.0% of current Northern Ultra-short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Northern Ultra Short lagged returns against current returns
Autocorrelation, which is Northern Ultra-short 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-short's mutual fund expected returns. We can calculate the autocorrelation of Northern Ultra-short returns to help us make a trade decision. For example, suppose you find that Northern Ultra-short 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-short 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-short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Ultra-short 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-short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Ultra-short Lagged Returns
When evaluating Northern Ultra-short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Ultra-short mutual fund have on its future price. Northern Ultra-short 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-short autocorrelation shows the relationship between Northern Ultra-short 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 |
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Other Information on Investing in Northern Mutual Fund
Northern Ultra-short 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-short security.
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