North Star Bond Fund Probability of Future Mutual Fund Price Finishing Under 8.27
| NSBDX Fund | USD 8.92 0.01 0.11% |
North |
North Star Target Price Odds to finish below 8.27
The tendency of North Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 8.27 or more in 90 days |
| 8.92 | 90 days | 8.27 | close to zero percent |
Based on a normal probability distribution, the odds of North Star to drop to $ 8.27 or more in 90 days from now is close to zero percent (This North Star Bond probability density function shows the probability of North Mutual Fund to fall within a particular range of prices over 90 days) . Probability of North Star Bond price to stay between $ 8.27 and its current price of $8.92 at the end of the 90-day period is about 8.16 .
Assuming the 90 days horizon North Star has a beta of 0.0185. This indicates as returns on the market go up, North Star average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding North Star Bond will be expected to be much smaller as well. Additionally North Star Bond has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. North Star Price Density |
| Price |
Predictive Modules for North Star
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as North Star Bond. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of North Star'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.
North Star Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. North Star is not an exception. The market had few large corrections towards the North Star's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold North Star Bond, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of North Star within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.63 |
North Star Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of North Star for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for North Star Bond can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| North Star Bond generated a negative expected return over the last 90 days | |
| The fund maintains about 5.48% of its assets in cash |
North Star Technical Analysis
North Star's future price can be derived by breaking down and analyzing its technical indicators over time. North Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of North Star Bond. In general, you should focus on analyzing North Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
North Star Predictive Forecast Models
North Star's time-series forecasting models is one of many North Star's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary North Star's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about North Star Bond
Checking the ongoing alerts about North Star for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for North Star Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| North Star Bond generated a negative expected return over the last 90 days | |
| The fund maintains about 5.48% of its assets in cash |
Other Information on Investing in North Mutual Fund
North Star financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North Star security.
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