Northern Income Equity Fund Manager Performance Evaluation
| NOIEX Fund | USD 17.92 0.10 0.56% |
The fund secures a Beta (Market Risk) of 0.73, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Income is expected to be smaller as well.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Northern Income Equity are ranked lower than 15 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Northern Income may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 29th of July 2022 | |
| Expense Ratio | 0.4900 |
Northern |
Northern Income Relative Risk vs. Return Landscape
If you would invest 1,658 in Northern Income Equity on September 1, 2024 and sell it today you would earn a total of 134.00 from holding Northern Income Equity or generate 8.08% return on investment over 90 days. Northern Income Equity is currently producing 0.1254% returns and takes up 0.6357% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Northern, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Northern Income Current Valuation
Fairly Valued
Today
Please note that Northern Income's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Northern Income Equity secures a last-minute Real Value of $17.71 per share. The latest price of the fund is $17.92. We determine the value of Northern Income Equity from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Northern Income is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Northern Mutual Fund. However, Northern Income's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 17.92 | Real 17.71 | Hype 17.92 | Naive 18.0 |
The intrinsic value of Northern Income's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Northern Income's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Northern Income Equity helps investors to forecast how Northern mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Northern Income more accurately as focusing exclusively on Northern Income's fundamentals will not take into account other important factors: Northern Income Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Income's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Northern Income Equity, and traders can use it to determine the average amount a Northern Income's 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 = 0.1973
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Cash | NOIEX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Northern Income is performing at about 15% 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 Income by adding it to a well-diversified portfolio.
Northern Income Fundamentals Growth
Northern Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Northern Income, and Northern Income fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Northern Mutual Fund performance.
| Price To Earning | 17.55 X | ||||
| Price To Book | 3.10 X | ||||
| Price To Sales | 1.57 X | ||||
About Northern Income Performance
Evaluating Northern Income's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Northern Income has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Northern Income has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
In seeking to achieve its investment objective, the fund will, under normal circumstances, invest at least 80 percent of its net assets in income-producing equity securities, including dividend-paying common and preferred stocks. It seeks to provide a high level of current income relative to other mutual funds that invest in equity securities. The fund may use derivatives such as stock index futures contracts to equitize cash and enhance portfolio liquidity.Things to note about Northern Income Equity performance evaluation
Checking the ongoing alerts about Northern Income for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Northern Income Equity help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Northern Income's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Northern Income's mutual fund performance include:- Analyzing Northern Income's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Northern Income's stock is overvalued or undervalued compared to its peers.
- Examining Northern Income's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Northern Income's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Northern Income's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Northern Income's mutual fund. These opinions can provide insight into Northern Income's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Northern Mutual Fund
Northern Income 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 Income security.
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