Northern E Bond Fund Market Value
| NOCBX Fund | USD 8.81 0.01 0.11% |
| Symbol | Northern |
Northern Core '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 Northern Core'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 Northern Core.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Northern Core on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Northern E Bond or generate 0.0% return on investment in Northern Core over 720 days. Northern Core is related to or competes with Absolute Convertible, Fidelity Sai, Lord Abbett, Calamos Dynamic, and Rational/pier. The fund will seek capital appreciation and current income in the advisors attempt to maximize total return More
Northern Core 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 Northern Core'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 Northern E Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 2.04 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.5708 |
Northern Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Core's standard deviation. In reality, there are many statistical measures that can use Northern Core historical prices to predict the future Northern Core's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.28) |
Northern E Bond Backtested Returns
Northern E Bond has Sharpe Ratio of close to zero, which conveys that the entity had a close to zero % return per unit of risk over the last 3 months. Northern Core exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Core's Mean Deviation of 0.2237, standard deviation of 0.3388, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0465, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Core is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Northern E Bond has modest reverse predictability. Overlapping area represents the amount of predictability between Northern Core time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Northern E Bond price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Northern Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Northern E Bond lagged returns against current returns
Autocorrelation, which is Northern Core 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 Northern Core's mutual fund expected returns. We can calculate the autocorrelation of Northern Core returns to help us make a trade decision. For example, suppose you find that Northern Core 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 |
Northern Core 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 Northern Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Core Lagged Returns
When evaluating Northern Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Core mutual fund have on its future price. Northern Core 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, Northern Core autocorrelation shows the relationship between Northern Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern E Bond.
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 Northern Mutual Fund
Northern Core 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 Core security.
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