Northern Institutional Funds Fund Market Value
| BGSXX Fund | 1.00 0.00 0.00% |
| Symbol | Northern |
Please note, there is a significant difference between Northern Institutional's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Institutional is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Institutional'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.
Northern Institutional '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 Institutional's money market 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 Institutional.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Northern Institutional on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Institutional Funds or generate 0.0% return on investment in Northern Institutional over 720 days. Northern Institutional is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Northern Institutional is entity of United States More
Northern Institutional 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 Institutional's money market 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 Institutional Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.01 |
Northern Institutional Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Institutional's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Institutional's standard deviation. In reality, there are many statistical measures that can use Northern Institutional historical prices to predict the future Northern Institutional's volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | 0.0018 | |||
| Treynor Ratio | 0.7267 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Institutional'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 Institutional Backtested Returns
At this stage we consider Northern Money Market Fund to be not too volatile. Northern Institutional has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Northern Institutional, which you can use to evaluate the volatility of the fund. Please verify Northern Institutional's Standard Deviation of 0.1243, risk adjusted performance of 0.0438, and Mean Deviation of 0.0301 to check out if the risk estimate we provide is consistent with the expected return of 0.0155%. The fund secures a Beta (Market Risk) of 0.0073, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Institutional's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Institutional is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Northern Institutional Funds has good predictability. Overlapping area represents the amount of predictability between Northern Institutional time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd of December 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 Institutional price movement. The serial correlation of 0.75 indicates that around 75.0% of current Northern Institutional price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Institutional lagged returns against current returns
Autocorrelation, which is Northern Institutional money market 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 Institutional's money market fund expected returns. We can calculate the autocorrelation of Northern Institutional returns to help us make a trade decision. For example, suppose you find that Northern Institutional has exhibited high autocorrelation historically, and you observe that the money market 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 Institutional 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 Institutional money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Institutional money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Institutional money market fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Institutional Lagged Returns
When evaluating Northern Institutional's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Institutional money market fund have on its future price. Northern Institutional 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 Institutional autocorrelation shows the relationship between Northern Institutional money market fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Institutional Funds.
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 Money Market Fund
Northern Institutional financial ratios help investors to determine whether Northern Money Market 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 Institutional security.
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