Northern Intermediate Tax Exempt Fund Market Value
| NOITX Fund | USD 9.77 0.03 0.31% |
| Symbol | Northern |
Northern Intermediate '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 Intermediate'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 Intermediate.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Northern Intermediate on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Intermediate Tax Exempt or generate 0.0% return on investment in Northern Intermediate over 720 days. Northern Intermediate is related to or competes with Northern Tax, Northern High, Northern International, Northern Mid, and Northern High. Except in extraordinary circumstances, at least 80 percent of the funds net assets will be invested in debt instruments ... More
Northern Intermediate 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 Intermediate'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 Intermediate Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2999 | |||
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.03 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3102 |
Northern Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Intermediate's standard deviation. In reality, there are many statistical measures that can use Northern Intermediate historical prices to predict the future Northern Intermediate's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Intermediate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Northern Intermediate Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Intermediate has Sharpe Ratio of 0.0254, which conveys that the entity had a 0.0254 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Northern Intermediate, which you can use to evaluate the volatility of the fund. Please verify Northern Intermediate's Risk Adjusted Performance of (0.01), mean deviation of 0.1449, and Downside Deviation of 0.2999 to check out if the risk estimate we provide is consistent with the expected return of 0.0054%. The fund secures a Beta (Market Risk) of 0.0351, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Intermediate is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Northern Intermediate Tax Exempt has very weak reverse predictability. Overlapping area represents the amount of predictability between Northern Intermediate 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 Intermediate price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Northern Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Northern Intermediate lagged returns against current returns
Autocorrelation, which is Northern Intermediate 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 Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Northern Intermediate returns to help us make a trade decision. For example, suppose you find that Northern Intermediate 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 Intermediate 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 Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Intermediate 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 Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Intermediate Lagged Returns
When evaluating Northern Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Intermediate mutual fund have on its future price. Northern Intermediate 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 Intermediate autocorrelation shows the relationship between Northern Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Intermediate Tax Exempt.
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 Intermediate 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 Intermediate security.
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