Northern Lights Etf Price on November 27, 2024
If you're considering investing in Northern Etf, it is important to understand the factors that can impact its price. Northern Lights has Sharpe Ratio of -0.0339, which conveys that the entity had a -0.0339% return per unit of risk over the last 3 months. Northern Lights exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Lights' Standard Deviation of 0.4041, risk adjusted performance of (0.03), and Mean Deviation of 0.3062 to check out the risk estimate we provide.
Northern Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Northern |
Sharpe Ratio = -0.0339
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Estimated Market Risk
0.4 actual daily | 3 97% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Northern Lights is not performing at its full potential. However, 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 Northern Lights to a well-diversified portfolio.
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.
Price Boundaries
Northern Lights Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Northern Lights cannot be verified against its exchange. Please verify the symbol is currently traded on BATS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Northern Lights December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Northern Lights etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern Lights shares will generate the highest return on investment. By undertsting and applying Northern Lights etf market strength indicators, traders can identify Northern Lights entry and exit signals to maximize returns
Northern Lights Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Northern Lights' price direction in advance. Along with the technical and fundamental analysis of Northern Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Northern to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.08) | |||
Treynor Ratio | 0.287 |
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Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Other Tools for Northern Etf
When running Northern Lights' price analysis, check to measure Northern Lights' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Lights is operating at the current time. Most of Northern Lights' value examination focuses on studying past and present price action to predict the probability of Northern Lights' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Lights' price. Additionally, you may evaluate how the addition of Northern Lights to your portfolios can decrease your overall portfolio volatility.
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