Northern Bond Index Fund Quote

NOBOX Fund  USD 9.14  0.02  0.22%   

Performance

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Odds Of Distress

Less than 44

 
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Northern Bond is trading at 9.14 as of the 29th of March 2024; that is 0.22 percent increase since the beginning of the trading day. The fund's open price was 9.12. Northern Bond has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Northern Bond Index are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
The fund will invest substantially all of its net assets in bonds and other fixed-income securities included in the index in weightings that approximate the relative composition of securities contained in the index. The index measures the investment grade, U.S. More on Northern Bond Index

Moving together with Northern Mutual Fund

  0.82NOCBX Northern E BondPairCorr

Moving against Northern Mutual Fund

  0.44NOLCX Northern Large CapPairCorr
  0.42NOIEX Northern Income EquityPairCorr

Northern Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Northern Bond's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Northern Bond or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationNorthern Funds, Large Funds, Intermediate Core Bond Funds, Intermediate Core Bond, Northern Funds (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date29th of July 2022
Fiscal Year EndMarch
Northern Bond Index [NOBOX] is traded in USA and was established 29th of March 2024. Northern Bond is listed under Northern Funds category by Fama And French industry classification. The fund is listed under Intermediate Core Bond category and is part of Northern Funds family. This fund now has accumulated 2.26 B in assets with minimum initial investment of 2.5 K. Northern Bond Index is currently producing year-to-date (YTD) return of 5.46% with the current yeild of 0.0%, while the total return for the last 3 years was -2.57%.
Check Northern Bond Probability Of Bankruptcy

Instrument Allocation

Northern Bond Target Price Odds Analysis

Based on a normal probability distribution, the odds of Northern Bond jumping above the current price in 90 days from now is about 43.35%. The Northern Bond Index probability density function shows the probability of Northern Bond mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Northern Bond has a beta of 0.0403. This indicates as returns on the market go up, Northern Bond average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Northern Bond Index will be expected to be much smaller as well. Additionally, northern Bond Index has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 9.14HorizonTargetOdds Above 9.14
55.13%90 days
 9.14 
43.35%
Based on a normal probability distribution, the odds of Northern Bond to move above the current price in 90 days from now is about 43.35 (This Northern Bond Index probability density function shows the probability of Northern Mutual Fund to fall within a particular range of prices over 90 days) .

Northern Bond Top Holders

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Northern Bond Index Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Northern Bond market risk premium is the additional return an investor will receive from holding Northern Bond long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Northern Bond. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Northern Bond's alpha and beta are two of the key measurements used to evaluate Northern Bond's performance over the market, the standard measures of volatility play an important role as well.

Northern Bond Against Markets

Picking the right benchmark for Northern Bond mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Northern Bond mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Northern Bond is critical whether you are bullish or bearish towards Northern Bond Index at a given time. Please also check how Northern Bond's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Northern Bond without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Northern Mutual Fund?

Before investing in Northern Bond, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Northern Bond. To buy Northern Bond fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Northern Bond. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Northern Bond fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Northern Bond Index fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Northern Bond Index fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Northern Bond Index, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Northern Bond Index?

The danger of trading Northern Bond Index is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Northern Bond is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Northern Bond. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Northern Bond Index is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Bond Index. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running Northern Bond's price analysis, check to measure Northern Bond's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Bond is operating at the current time. Most of Northern Bond's value examination focuses on studying past and present price action to predict the probability of Northern Bond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Bond's price. Additionally, you may evaluate how the addition of Northern Bond to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Northern Bond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Bond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Bond'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.