North Star Bond Fund Market Value
| NSBDX Fund | USD 8.94 0.01 0.11% |
| Symbol | North |
North Star '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 North Star'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 North Star.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in North Star on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding North Star Bond or generate 0.0% return on investment in North Star over 60 days. North Star is related to or competes with North Star, North Star, North Star, and North Star. The fund will invest at least 80 percent of its net assets in a diversified portfolio of bonds More
North Star 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 North Star'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 North Star Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1249 | |||
| Information Ratio | (0.77) | |||
| Maximum Drawdown | 0.3356 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.112 |
North Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Star's standard deviation. In reality, there are many statistical measures that can use North Star historical prices to predict the future North Star's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.54) | |||
| Treynor Ratio | (0.48) |
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 Bond Backtested Returns
North Star Bond has Sharpe Ratio of -0.0401, which conveys that the entity had a -0.0401% return per unit of risk over the last 3 months. North Star exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify North Star's Mean Deviation of 0.061, downside deviation of 0.1249, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0206, which conveys not very significant fluctuations relative to the market. As returns on the market increase, North Star's returns are expected to increase less than the market. However, during the bear market, the loss of holding North Star is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
North Star Bond has below average predictability. Overlapping area represents the amount of predictability between North Star time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th 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 North Star Bond price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current North Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
North Star Bond lagged returns against current returns
Autocorrelation, which is North Star 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 North Star's mutual fund expected returns. We can calculate the autocorrelation of North Star returns to help us make a trade decision. For example, suppose you find that North Star 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 |
North Star 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 North Star mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Star mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Star mutual fund over time.
Current vs Lagged Prices |
| Timeline |
North Star Lagged Returns
When evaluating North Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Star mutual fund have on its future price. North Star 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, North Star autocorrelation shows the relationship between North Star mutual fund current value and its past values and can show if there is a momentum factor associated with investing in North Star Bond.
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 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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