Northern Tax Exempt Fund Price on October 11, 2023
| NOTEX Fund | USD 9.67 0.02 0.21% |
Below is the normalized historical share price chart for Northern Tax Exempt Fund extending back to April 07, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Northern Tax-exempt stands at 9.67, as last reported on the 27th of November, with the highest price reaching 9.67 and the lowest price hitting 9.67 during the day.
If you're considering investing in Northern Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Northern Mutual Fund to be very steady. Northern Tax Exempt has Sharpe Ratio of 0.0439, which conveys that the entity had a 0.0439% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Tax-exempt, which you can use to evaluate the volatility of the fund. Please verify Northern Tax-exempt's Downside Deviation of 0.3712, risk adjusted performance of (0.01), and Mean Deviation of 0.1266 to check out if the risk estimate we provide is consistent with the expected return of 0.01%.
Northern Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Northern |
Sharpe Ratio = 0.0439
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| Negative Returns | NOTEX |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Northern Tax-exempt is performing at about 3% 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 Tax-exempt by adding it to a well-diversified portfolio.
Northern Tax-exempt Valuation on October 11, 2023
It is possible to determine the worth of Northern Tax-exempt on a given historical date. On October 11, 2023 Northern was worth 8.85 at the beginning of the trading date compared to the closed value of 8.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Northern Tax-exempt mutual fund. Still, in general, we apply an absolute valuation method to find Northern Tax-exempt's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Northern Tax-exempt where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Northern Tax-exempt's related companies.
| Open | High | Low | Close | Volume | |
| 8.78 | 8.78 | 8.78 | 8.78 | 1.00 | |
10/11/2023 | 8.85 | 8.85 | 8.85 | 8.85 | 1.00 |
| 8.83 | 8.83 | 8.83 | 8.83 | 1.00 |
| Backtest Northern Tax-exempt | | | Northern Tax-exempt History | | | Northern Tax-exempt Valuation | Previous | Next |
Northern Tax-exempt Trading Date Momentum on October 11, 2023
| On October 12 2023 Northern Tax Exempt Fund was traded for 8.83 at the closing time. The highest daily price throughout the period was 8.83 and the lowest price was 8.83 . There was no trading activity during the period 1.0. Lack of trading volume on 10/12/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.23% . The trading delta at closing time to current closing price is 1.92% . |
Northern Tax Exempt Fundamentals Correlations and Trends
By evaluating Northern Tax-exempt's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Northern Tax-exempt's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Northern financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Northern Tax-exempt Mutual Fund history
Northern Tax-exempt investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Northern is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Northern Tax Exempt will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Northern Tax-exempt stock prices may prove useful in developing a viable investing in Northern Tax-exempt
In seeking high current income exempt from regular federal income tax, the fund may invest in a broad range of municipal instruments. A municipal instrument is a fixed-income obligation issued by a state, territory or possession of the United States or a political subdivision, agency or instrumentality thereof. Except in extraordinary circumstances, at least 80 percent of the funds net assets will be invested in debt instruments that pay interest that is exempt from regular federal income tax.
Northern Tax-exempt Mutual Fund Technical Analysis
Northern Tax-exempt technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Northern Tax-exempt Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Northern Tax Exempt Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS 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 Tax-exempt November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Northern Tax-exempt mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern Tax-exempt shares will generate the highest return on investment. By undertsting and applying Northern Tax-exempt mutual fund market strength indicators, traders can identify Northern Tax Exempt Fund entry and exit signals to maximize returns
Northern Tax-exempt Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Northern Tax-exempt's price direction in advance. Along with the technical and fundamental analysis of Northern Mutual Fund 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 | (0.01) | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.0585 |
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| Volume Indicators |
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.
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