Northern Lights Etf Performance
| PRMN Etf | 29.14 0.01 0.03% |
The etf secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Lights are expected to decrease at a much lower rate. During the bear market, Northern Lights is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Northern Lights has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy primary indicators, Northern Lights is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Technical Data - Stock Traders Daily | 11/19/2024 |
Northern |
Northern Lights Relative Risk vs. Return Landscape
If you would invest 2,997 in Northern Lights on September 1, 2024 and sell it today you would lose (83.00) from holding Northern Lights or give up 2.77% of portfolio value over 90 days. Northern Lights is currently does not generate positive expected returns and assumes 0.582% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than Northern, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Northern Lights Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Lights' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Northern Lights, and traders can use it to determine the average amount a Northern Lights' 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 = -0.0725
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PRMN |
Estimated Market Risk
| 0.58 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 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.
About Northern Lights Performance
By examining Northern Lights' fundamental ratios, stakeholders can obtain critical insights into Northern Lights' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Northern Lights is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Northern Lights is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Northern Lights generated a negative expected return over the last 90 days | |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northern Lights. 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. To learn how to invest in Northern Etf, please use our How to Invest in Northern Lights guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of Northern Lights is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Lights' value that differs from its market value or its book value, called intrinsic value, which is Northern Lights' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Lights' market value can be influenced by many factors that don't directly affect Northern Lights' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Lights' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Lights is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Lights' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.