North Star Price To Book vs. Five Year Return
| NSMVX Fund | USD 43.33 0.31 0.71% |
For North Star profitability analysis, we use financial ratios and fundamental drivers that measure the ability of North Star to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well North Star Micro utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between North Star's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of North Star Micro over time as well as its relative position and ranking within its peers.
North |
North Star Micro Five Year Return vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining North Star's current stock value. Our valuation model uses many indicators to compare North Star value to that of its competitors to determine the firm's financial worth. North Star Micro is number one fund in price to book among similar funds. It also is number one fund in five year return among similar funds reporting about 7.83 of Five Year Return per Price To Book. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the North Star's earnings, one of the primary drivers of an investment's value.North Five Year Return vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
North Star |
| = | 1.54 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
North Star |
| = | 12.05 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
North Five Year Return Comparison
North Star is currently under evaluation in five year return among similar funds.
North Star Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in North Star, profitability is also one of the essential criteria for including it into their portfolios because, without profit, North Star will eventually generate negative long term returns. The profitability progress is the general direction of North Star's change in net profit over the period of time. It can combine multiple indicators of North Star, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund seeks to achieve its investment objective of capital appreciation by investing at least 80 percent of its net assets in micro-cap companies. It generally invests between 80-100 percent of its assets in equity securities of U.S. companies that the adviser believes are currently undervalued and have the potential for capital appreciation.
North Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on North Star. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of North Star position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the North Star's important profitability drivers and their relationship over time.
Use North Star in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if North Star position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in North Star will appreciate offsetting losses from the drop in the long position's value.North Star Pair Trading
North Star Micro Pair Trading Analysis
The ability to find closely correlated positions to North Star could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North Star when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North Star - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North Star Micro to buy it.
The correlation of North Star is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as North Star moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North Star Micro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for North Star can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your North Star position
In addition to having North Star in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large & Mid Caps ETFs Thematic Idea Now
Large & Mid Caps ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Large & Mid Caps ETFs theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large & Mid Caps ETFs Theme or any other thematic opportunities.
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Other Information on Investing in North Mutual Fund
To fully project North Star's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of North Star Micro at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include North Star's income statement, its balance sheet, and the statement of cash flows.
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