Northern Quality Esg Fund Market Value
| NUESX Fund | USD 21.99 0.00 0.00% |
| Symbol | Northern |
Northern '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'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.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Northern on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Quality Esg or generate 0.0% return on investment in Northern over 360 days. Northern is related to or competes with Prudential Core, Massmutual Select, Pgim Conservative, Aqr Diversified, Evaluator Conservative, Massmutual Premier, and Oppenheimer International. In seeking long-term capital appreciation, the fund will invest, under normal circumstances, at least 80 percent of its ... More
Northern 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'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 Quality Esg upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7019 | |||
| Information Ratio | 0.0371 | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.0 |
Northern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern's standard deviation. In reality, there are many statistical measures that can use Northern historical prices to predict the future Northern's volatility.| Risk Adjusted Performance | 0.165 | |||
| Jensen Alpha | 0.0601 | |||
| Total Risk Alpha | 0.0367 | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.2004 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern'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 Quality Esg Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Quality Esg has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Northern, which you can use to evaluate the volatility of the fund. Please verify Northern's Mean Deviation of 0.51, risk adjusted performance of 0.165, and Downside Deviation of 0.7019 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The fund secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Northern Quality Esg has good predictability. Overlapping area represents the amount of predictability between Northern time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Quality Esg price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Northern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Northern Quality Esg lagged returns against current returns
Autocorrelation, which is Northern 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's mutual fund expected returns. We can calculate the autocorrelation of Northern returns to help us make a trade decision. For example, suppose you find that Northern 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Lagged Returns
When evaluating Northern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern mutual fund have on its future price. Northern 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 autocorrelation shows the relationship between Northern mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Quality Esg.
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 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 security.
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