Northern High Yield Fund Price on December 11, 2024
| NHFIX Fund | USD 6.12 0.01 0.16% |
Below is the normalized historical share price chart for Northern High Yield extending back to February 16, 1999. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Northern High stands at 6.12, as last reported on the 13th of December 2024, with the highest price reaching 6.12 and the lowest price hitting 6.12 during the day.
If you're considering investing in Northern Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Northern Mutual Fund to be very steady. Northern High Yield has Sharpe Ratio of 0.0839, which conveys that the entity had a 0.0839% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Northern High, which you can use to evaluate the volatility of the fund. Please verify Northern High's Coefficient Of Variation of 754.69, risk adjusted performance of 0.068, and Mean Deviation of 0.1336 to check out if the risk estimate we provide is consistent with the expected return of 0.0158%.
Northern Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Northern |
Sharpe Ratio = 0.0839
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| Negative Returns | NHFIX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Northern High is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northern High by adding it to a well-diversified portfolio.
Northern High Valuation on December 11, 2024
It is possible to determine the worth of Northern High on a given historical date. On December 11, 2024 Northern was worth 6.13 at the beginning of the trading date compared to the closed value of 6.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Northern High mutual fund. Still, in general, we apply an absolute valuation method to find Northern High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Northern High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Northern High's related companies.
| Open | High | Low | Close | Volume | |
| 6.12 | 6.12 | 6.12 | 6.12 | 1.00 | |
12/11/2024 | 6.13 | 6.13 | 6.13 | 6.13 | 1.00 |
| 6.12 | 6.12 | 6.12 | 6.12 | 1.00 |
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Northern High Trading Date Momentum on December 11, 2024
| On December 12 2024 Northern High Yield was traded for 6.12 at the closing time. The highest daily price throughout the period was 6.12 and the lowest price was 6.12 . There was no trading activity during the period 1.0. Lack of trading volume on 12/12/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.16% . The trading delta at closing time to current closing price is 0.16% . |
Northern High Yield Fundamentals Correlations and Trends
By evaluating Northern High's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Northern High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Northern financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Northern High Mutual Fund history
Northern High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Northern is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Northern High Yield will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Northern High stock prices may prove useful in developing a viable investing in Northern High
The fund will invest at least 80 percent of its net assets in lower quality bonds and other fixed-income securities . Lower quality or below-investment grade securities are rated BB, Ba or lower by a Nationally Recognized Statistical Rating Organization , or unrated securities determined to be of comparable quality by the funds investment adviser.
Northern High Mutual Fund Technical Analysis
Northern High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Northern High Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Northern High Yield cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Northern High December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Northern High mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern High shares will generate the highest return on investment. By undertsting and applying Northern High mutual fund market strength indicators, traders can identify Northern High Yield entry and exit signals to maximize returns
Northern High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Northern High's price direction in advance. Along with the technical and fundamental analysis of Northern Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Northern to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.068 | |||
| Jensen Alpha | 0.0094 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.39) | |||
| Treynor Ratio | 0.2704 |
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Other Information on Investing in Northern Mutual Fund
Northern High 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 High security.
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