Northern Tax Exempt Fund Manager Performance Evaluation
| NOTEX Fund | USD 9.61 0.01 0.10% |
The fund secures a Beta (Market Risk) of 0.0422, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Tax is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Northern Tax Exempt Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Northern Tax is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more1 | ONEOK to Sell 7B Notes to Fund Acquisition, Expand Permian Presence - Yahoo Finance | 09/11/2024 |
| Expense Ratio Date | 29th of July 2022 | |
| Expense Ratio | 0.4500 |
Northern |
Northern Tax Relative Risk vs. Return Landscape
If you would invest 962.00 in Northern Tax Exempt Fund on August 26, 2024 and sell it today you would lose (1.00) from holding Northern Tax Exempt Fund or give up 0.1% of portfolio value over 90 days. Northern Tax Exempt Fund is currently producing negative expected returns and takes up 0.2209% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Northern, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Northern Tax Current Valuation
Fairly Valued
Today
Please note that Northern Tax's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Northern Tax Exempt secures a last-minute Real Value of $9.61 per share. The latest price of the fund is $9.61. We determine the value of Northern Tax Exempt 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 Tax is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Northern Mutual Fund. However, Northern Tax'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 9.61 | Real 9.61 | Hype 9.61 | Naive 9.61 |
The intrinsic value of Northern Tax'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 Tax'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 Tax Exempt Fund 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 Tax more accurately as focusing exclusively on Northern Tax's fundamentals will not take into account other important factors: Northern Tax Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Tax's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Northern Tax Exempt Fund, and traders can use it to determine the average amount a Northern Tax'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 = -0.0062
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| Negative Returns | NOTEX |
Estimated Market Risk
| 0.22 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Northern Tax 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 Tax by adding Northern Tax to a well-diversified portfolio.
Northern Tax Fundamentals Growth
Northern Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Northern Tax, and Northern Tax 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.
About Northern Tax Performance
Evaluating Northern Tax's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Northern Tax 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 Tax 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 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.Things to note about Northern Tax Exempt performance evaluation
Checking the ongoing alerts about Northern Tax for important developments is a great way to find new opportunities for your next move. Mutual Fund 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.| Northern Tax Exempt generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Northern Tax Exempt maintains about 98.01% of its assets in bonds |
- Analyzing Northern Tax'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 Tax's stock is overvalued or undervalued compared to its peers.
- Examining Northern Tax'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 Tax's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Northern Tax's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Northern Tax's mutual fund. These opinions can provide insight into Northern Tax's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Northern Mutual Fund
Northern Tax 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 security.
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