Northern Lights Etf Performance
| DUKQ Etf | 27.84 0.13 0.47% |
The etf secures a Beta (Market Risk) of 0.95, which conveys possible diversification benefits within a given portfolio. Northern Lights returns are very sensitive to returns on the market. As the market goes up or down, Northern Lights is expected to follow.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Northern Lights are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent forward-looking signals, Northern Lights may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
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Northern Lights Relative Risk vs. Return Landscape
If you would invest 2,509 in Northern Lights on September 2, 2024 and sell it today you would earn a total of 275.00 from holding Northern Lights or generate 10.96% return on investment over 90 days. Northern Lights is currently generating 0.1654% in daily expected returns and assumes 0.7489% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Northern, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Northern Lights Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Lights' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Northern Lights, and traders can use it to determine the average amount a Northern Lights' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2208
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Northern Lights is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northern Lights by adding it to a well-diversified portfolio.
About Northern Lights Performance
Assessing Northern Lights' fundamental ratios provides investors with valuable insights into Northern Lights' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Northern Lights is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Northern Lights is entity of United States. It is traded as Etf on NYSE ARCA exchange.