Northern Tax Exempt Fund Probability of Future Mutual Fund Price Finishing Over 9.61
| NOTEX Fund | USD 9.67 0.02 0.21% |
Northern |
Northern Tax-exempt Target Price Odds to finish over 9.61
The tendency of Northern Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 9.61 in 90 days |
| 9.67 | 90 days | 9.61 | about 66.06 |
Based on a normal probability distribution, the odds of Northern Tax-exempt to stay above $ 9.61 in 90 days from now is about 66.06 (This Northern Tax Exempt Fund probability density function shows the probability of Northern Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Northern Tax Exempt price to stay between $ 9.61 and its current price of $9.67 at the end of the 90-day period is about 45.68 .
Assuming the 90 days horizon Northern Tax Exempt Fund has a beta of -0.0861. This indicates as returns on the benchmark increase, returns on holding Northern Tax-exempt are expected to decrease at a much lower rate. During a bear market, however, Northern Tax Exempt Fund is likely to outperform the market. Additionally Northern Tax Exempt Fund has an alpha of 0.0053, implying that it can generate a 0.00533 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Northern Tax-exempt Price Density |
| Price |
Predictive Modules for Northern Tax-exempt
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northern Tax Exempt. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Tax-exempt'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 Tax-exempt Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northern Tax-exempt is not an exception. The market had few large corrections towards the Northern Tax-exempt's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Northern Tax Exempt Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northern Tax-exempt within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.09 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.56 |
Northern Tax-exempt Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Northern Tax-exempt for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northern Tax Exempt can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| Northern Tax Exempt maintains about 98.01% of its assets in bonds |
Northern Tax-exempt Technical Analysis
Northern Tax-exempt's future price can be derived by breaking down and analyzing its technical indicators over time. Northern Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northern Tax Exempt Fund. In general, you should focus on analyzing Northern Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Northern Tax-exempt Predictive Forecast Models
Northern Tax-exempt's time-series forecasting models is one of many Northern Tax-exempt's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Northern Tax-exempt's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Northern Tax Exempt
Checking the ongoing alerts about Northern Tax-exempt for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northern Tax Exempt help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of -1.0% | |
| Northern Tax Exempt maintains about 98.01% of its assets in bonds |
Other Information on Investing in Northern Mutual Fund
Northern Tax-exempt 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 Tax-exempt security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |