Northern Global Real Fund Market Value
| NGREX Fund | USD 9.99 0.03 0.30% |
| Symbol | Northern |
Northern Global '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 Global'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 Global.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Northern Global on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Global Real or generate 0.0% return on investment in Northern Global over 390 days. Northern Global is related to or competes with Pimco Diversified, Jhancock Diversified, Pgim Jennison, Delaware Limited, Small Cap, Tiaa Cref, and T Rowe. The fund will invest substantially all of its net assets in equity securities included in the index, in weightings that ... More
Northern Global 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 Global'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 Global Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.1 |
Northern Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Global's standard deviation. In reality, there are many statistical measures that can use Northern Global historical prices to predict the future Northern Global's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Global'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 Global Real Backtested Returns
Northern Global Real has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13% return per unit of risk over the last 3 months. Northern Global exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Global's Standard Deviation of 0.6587, risk adjusted performance of (0.06), and Mean Deviation of 0.492 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Global is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Northern Global Real has poor predictability. Overlapping area represents the amount of predictability between Northern Global time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Global Real price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Northern Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Northern Global Real lagged returns against current returns
Autocorrelation, which is Northern Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Northern Global returns to help us make a trade decision. For example, suppose you find that Northern Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Global Lagged Returns
When evaluating Northern Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Global mutual fund have on its future price. Northern Global 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 Global autocorrelation shows the relationship between Northern Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Global Real.
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 Global 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 Global security.
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