North Star Opportunity Fund Market Value

NSOIX Fund  USD 17.44  0.11  0.63%   
North Star's market value is the price at which a share of North Star trades on a public exchange. It measures the collective expectations of North Star Opportunity investors about its performance. North Star is trading at 17.44 as of the 18th of December 2024; that is 0.63 percent down since the beginning of the trading day. The fund's open price was 17.55.
With this module, you can estimate the performance of a buy and hold strategy of North Star Opportunity and determine expected loss or profit from investing in North Star over a given investment horizon. Check out North Star Correlation, North Star Volatility and North Star Alpha and Beta module to complement your research on North Star.
Symbol

Please note, there is a significant difference between North Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if North Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North Star'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.

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.
0.00
12/29/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/18/2024
0.00
If you would invest  0.00  in North Star on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding North Star Opportunity or generate 0.0% return on investment in North Star over 720 days. North Star is related to or competes with North Star, North Star, North Star, Vanguard Explorer, Infrastructure Fund, and Mobile Telecommunicatio. The adviser expects to invest approximately 80 - 100 percent of its net assets in net long positions in securities that ... 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 Opportunity upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
16.7117.4418.17
Details
Intrinsic
Valuation
LowRealHigh
16.8417.5718.30
Details

North Star Opportunity Backtested Returns

North Star Opportunity has Sharpe Ratio of -0.0638, which conveys that the entity had a -0.0638% return per unit of risk over the last 3 months. North Star exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify North Star's Risk Adjusted Performance of (0.02), standard deviation of 0.7527, and Mean Deviation of 0.5137 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.8, which conveys possible diversification benefits within a given portfolio. 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

    
  0.06  

Virtually no predictability

North Star Opportunity has virtually no predictability. Overlapping area represents the amount of predictability between North Star time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 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 Opportunity price movement. The serial correlation of 0.06 indicates that barely 6.0% of current North Star price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.22
Residual Average0.0
Price Variance0.46

North Star Opportunity 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 Opportunity.
   Regressed Prices   
       Timeline  

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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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