Northern Ultra One Year Return vs. Three Year Return
| NUSFX Fund | USD 10.30 0.01 0.1% |
For Northern Ultra profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Ultra to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Ultra Short Fixed utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Ultra's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Ultra Short Fixed over time as well as its relative position and ranking within its peers.
Northern |
Northern Ultra Short Three Year Return vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Northern Ultra's current stock value. Our valuation model uses many indicators to compare Northern Ultra value to that of its competitors to determine the firm's financial worth. Northern Ultra Short Fixed is number one fund in one year return among similar funds. It also is number one fund in three year return among similar funds reporting about 0.60 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for Northern Ultra Short Fixed is roughly 1.66 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Northern Ultra's earnings, one of the primary drivers of an investment's value.Northern Three Year Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Northern Ultra |
| = | 6.03 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Northern Ultra |
| = | 3.64 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Northern Three Year Return Comparison
Northern Ultra is currently under evaluation in three year return among similar funds.
Northern Ultra Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Ultra, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Ultra will eventually generate negative long term returns. The profitability progress is the general direction of Northern Ultra's change in net profit over the period of time. It can combine multiple indicators of Northern Ultra, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund will, under normal circumstances, invest primarily in fixed-income securities. It invests in investment grade domestic debt obligations .
Northern Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Northern Ultra. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Northern Ultra position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Northern Ultra's important profitability drivers and their relationship over time.
Use Northern Ultra in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northern Ultra position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northern Ultra will appreciate offsetting losses from the drop in the long position's value.Northern Ultra Pair Trading
Northern Ultra Short Fixed Pair Trading Analysis
The ability to find closely correlated positions to Northern Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Ultra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northern Ultra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northern Ultra Short Fixed to buy it.
The correlation of Northern Ultra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Ultra Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northern Ultra can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Northern Ultra position
In addition to having Northern Ultra in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Wholesale Thematic Idea Now
Wholesale
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Wholesale Theme or any other thematic opportunities.
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Other Information on Investing in Northern Mutual Fund
To fully project Northern Ultra's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Northern Ultra Short at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Northern Ultra's income statement, its balance sheet, and the statement of cash flows.
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