Northern Mid Cap Fund Market Value
| NOMIX Fund | USD 23.88 0.39 1.66% |
| Symbol | Northern |
Northern Mid '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 Mid'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 Mid.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Northern Mid on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Mid Cap or generate 0.0% return on investment in Northern Mid over 270 days. Northern Mid is related to or competes with Northern Small, Northern International, Northern Stock, Northern Emerging, and Northern Global. The fund will invest substantially all of its net assets in equity securities included in the SP MidCap 400 Index, in weightings that approximate the relative composition of securities contained in the SP MidCap 400 Index, and in SP MidCap 400 Index futures approved by the Commodity Futures Trading Commission. More
Northern Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8945 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.71 |
Northern Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Mid's standard deviation. In reality, there are many statistical measures that can use Northern Mid historical prices to predict the future Northern Mid's volatility.| Risk Adjusted Performance | 0.0974 | |||
| Jensen Alpha | 0.1031 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.39 |
Northern Mid Cap Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Mid Cap has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Mid, which you can use to evaluate the volatility of the fund. Please verify Northern Mid's Downside Deviation of 0.8945, risk adjusted performance of 0.0974, and Mean Deviation of 0.7089 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of 0.0812, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Mid is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Northern Mid Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Northern Mid time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Mid Cap price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Northern Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Northern Mid Cap lagged returns against current returns
Autocorrelation, which is Northern Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Northern Mid returns to help us make a trade decision. For example, suppose you find that Northern Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Mid Lagged Returns
When evaluating Northern Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Mid mutual fund have on its future price. Northern Mid 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 Mid autocorrelation shows the relationship between Northern Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Mid 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 Mid 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 Mid security.
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