Northern Funds Fund Market Value
| NOSXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Northern |
Please note, there is a significant difference between Northern Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Funds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Northern Funds '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 Funds' money market 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 Funds.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Northern Funds on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Northern Funds or generate 0.0% return on investment in Northern Funds over 720 days. Northern Funds is related to or competes with Calamos Dynamic, Fidelity Sai, Gabelli Convertible, Putnam Convertible, and Advent Claymore. Northern Funds is entity of United States More
Northern Funds 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 Funds' money market 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 Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 1.01 |
Northern Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Funds' standard deviation. In reality, there are many statistical measures that can use Northern Funds historical prices to predict the future Northern Funds' volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (2.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Funds' 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 Funds Backtested Returns
At this stage we consider Northern Money Market Fund to be not too volatile. Northern Funds 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 seventeen technical indicators for Northern Funds, which you can use to evaluate the volatility of the fund. Please verify Northern Funds' Standard Deviation of 0.1243, risk adjusted performance of 0.0426, and Mean Deviation of 0.0301 to check out if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund secures a Beta (Market Risk) of -0.0024, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Funds are expected to decrease at a much lower rate. During the bear market, Northern Funds is likely to outperform the market.
Auto-correlation | 0.76 |
Good predictability
Northern Funds has good predictability. Overlapping area represents the amount of predictability between Northern Funds time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Funds price movement. The serial correlation of 0.76 indicates that around 76.0% of current Northern Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Funds lagged returns against current returns
Autocorrelation, which is Northern Funds money market 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 Funds' money market fund expected returns. We can calculate the autocorrelation of Northern Funds returns to help us make a trade decision. For example, suppose you find that Northern Funds has exhibited high autocorrelation historically, and you observe that the money market 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 Funds 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 Funds money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Funds money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Funds money market fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Funds Lagged Returns
When evaluating Northern Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Funds money market fund have on its future price. Northern Funds 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 Funds autocorrelation shows the relationship between Northern Funds money market fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Funds .
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 Money Market Fund
Northern Funds financial ratios help investors to determine whether Northern Money Market 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 Funds security.
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