Multi Manager Global Listed Fund Market Value
| NMFIX Fund | USD 12.57 0.15 1.18% |
| Symbol | Multi-manager |
Multi-manager Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Multi-manager Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Multi-manager Global.
| 11/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Multi-manager Global on November 9, 2023 and sell it all today you would earn a total of 0.00 from holding Multi Manager Global Listed or generate 0.0% return on investment in Multi-manager Global over 390 days. Multi-manager Global is related to or competes with Northern Bond, Northern E, Northern Arizona, Northern Emerging, Northern Fixed, Northern Income, and Northern International. The fund will invest, under normal circumstances, at least 80 percent of its net assets in securities of infrastructure ... More
Multi-manager Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Multi-manager Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Multi Manager Global Listed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.33 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.7924 |
Multi-manager Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi-manager Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi-manager Global's standard deviation. In reality, there are many statistical measures that can use Multi-manager Global historical prices to predict the future Multi-manager Global's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.10) |
Multi Manager Global Backtested Returns
Multi Manager Global has Sharpe Ratio of -0.0418, which conveys that the entity had a -0.0418% return per unit of risk over the last 3 months. Multi-manager Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multi-manager Global's Risk Adjusted Performance of (0.02), mean deviation of 0.4764, and Standard Deviation of 0.5898 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Multi-manager Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multi-manager Global is expected to be smaller as well.
Auto-correlation | 0.22 |
Weak predictability
Multi Manager Global Listed has weak predictability. Overlapping area represents the amount of predictability between Multi-manager Global time series from 9th of November 2023 to 22nd of May 2024 and 22nd of May 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Multi Manager Global price movement. The serial correlation of 0.22 indicates that over 22.0% of current Multi-manager Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Multi Manager Global lagged returns against current returns
Autocorrelation, which is Multi-manager Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Multi-manager Global's mutual fund expected returns. We can calculate the autocorrelation of Multi-manager Global returns to help us make a trade decision. For example, suppose you find that Multi-manager Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Multi-manager Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Multi-manager Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi-manager Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi-manager Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Multi-manager Global Lagged Returns
When evaluating Multi-manager Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi-manager Global mutual fund have on its future price. Multi-manager Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Multi-manager Global autocorrelation shows the relationship between Multi-manager Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Multi Manager Global Listed.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Multi-manager Mutual Fund
Multi-manager Global financial ratios help investors to determine whether Multi-manager 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 Multi-manager with respect to the benefits of owning Multi-manager Global security.
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