Northern Stock Index Fund Market Value
| NOSIX Fund | USD 56.17 0.22 0.39% |
| Symbol | Northern |
Northern Stock '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 Stock'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 Stock.
| 05/28/2024 |
| 06/27/2024 |
If you would invest 0.00 in Northern Stock on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Stock Index or generate 0.0% return on investment in Northern Stock over 30 days. Northern Stock is related to or competes with SCOR PK, HUMANA, Franklin Strategic, Small Cap, Morningstar Unconstrained, Via Renewables, and Bondbloxx ETF. The fund will invest substantially all of its net assets in the equity securities included in the SP 500 Index, in weigh... More
Northern Stock 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 Stock'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 Stock Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6642 | |||
| Information Ratio | 0.1263 | |||
| Maximum Drawdown | 2.75 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.18 |
Northern Stock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Stock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Stock's standard deviation. In reality, there are many statistical measures that can use Northern Stock historical prices to predict the future Northern Stock's volatility.| Risk Adjusted Performance | 0.0711 | |||
| Jensen Alpha | 0.0609 | |||
| Total Risk Alpha | 0.0828 | |||
| Sortino Ratio | 0.1246 | |||
| Treynor Ratio | (2.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Stock's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Northern Stock Index Backtested Returns
At this stage we consider Northern Mutual Fund to be out of control. Northern Stock Index 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-eight technical indicators for Northern Stock, which you can use to evaluate the volatility of the fund. Please verify Northern Stock's Mean Deviation of 0.4974, downside deviation of 0.6642, and Risk Adjusted Performance of 0.0711 to check out if the risk estimate we provide is consistent with the expected return of 0.0763%. The fund secures a Beta (Market Risk) of -0.0243, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Stock are expected to decrease at a much lower rate. During the bear market, Northern Stock is likely to outperform the market.
Auto-correlation | 0.30 |
Below average predictability
Northern Stock Index has below average predictability. Overlapping area represents the amount of predictability between Northern Stock time series from 28th of May 2024 to 12th of June 2024 and 12th of June 2024 to 27th of June 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 Stock Index price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Northern Stock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Northern Stock Index lagged returns against current returns
Autocorrelation, which is Northern Stock 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 Stock's mutual fund expected returns. We can calculate the autocorrelation of Northern Stock returns to help us make a trade decision. For example, suppose you find that Northern Stock 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 Stock 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 Stock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Stock 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 Stock mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Stock Lagged Returns
When evaluating Northern Stock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Stock mutual fund have on its future price. Northern Stock 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 Stock autocorrelation shows the relationship between Northern Stock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Stock Index.
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 Stock 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 Stock security.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |