Northern Large Cap Fund Market Value
| NOLCX Fund | USD 31.17 0.10 0.32% |
| Symbol | Northern |
Northern Large '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 Large'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 Large.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Northern Large on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Large Cap or generate 0.0% return on investment in Northern Large over 30 days. Northern Large is related to or competes with Northern Stock, Northern Mid, Northern Income, Northern International, and Northern Large. The fund will invest at least 80 percent of its net assets in a broadly diversified portfolio of equity securities in la... More
Northern Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7622 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.31 |
Northern Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Large's standard deviation. In reality, there are many statistical measures that can use Northern Large historical prices to predict the future Northern Large's volatility.| Risk Adjusted Performance | 0.1117 | |||
| Jensen Alpha | 3.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1211 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Large'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 Large Cap Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Large Cap has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Large, which you can use to evaluate the volatility of the fund. Please verify Northern Large's Risk Adjusted Performance of 0.1117, mean deviation of 0.5595, and Downside Deviation of 0.7622 to check out if the risk estimate we provide is consistent with the expected return of 0.0997%. The fund secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Large is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Northern Large Cap has modest predictability. Overlapping area represents the amount of predictability between Northern Large time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 Northern Large Cap price movement. The serial correlation of 0.51 indicates that about 51.0% of current Northern Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Northern Large Cap lagged returns against current returns
Autocorrelation, which is Northern Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Northern Large returns to help us make a trade decision. For example, suppose you find that Northern Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Large Lagged Returns
When evaluating Northern Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Large mutual fund have on its future price. Northern Large 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 Large autocorrelation shows the relationship between Northern Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Large Cap.
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 Large 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 Large security.
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