Northern Trust Preferred Stock Market Value
| NTRSO Preferred Stock | USD 20.67 0.19 0.93% |
| Symbol | Northern |
Northern Trust '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 Trust's preferred stock 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 Trust.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Northern Trust on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Northern Trust or generate 0.0% return on investment in Northern Trust over 30 days. Northern Trust is related to or competes with Fifth Third, First Citizens, Arch Capital, and Fifth Third. Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, ... More
Northern Trust 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 Trust's preferred stock 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 Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.03 |
Northern Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Trust's standard deviation. In reality, there are many statistical measures that can use Northern Trust historical prices to predict the future Northern Trust's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Trust'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 Trust Backtested Returns
Northern Trust has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12 % return per unit of risk over the last 3 months. Northern Trust exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Trust's Mean Deviation of 0.8843, risk adjusted performance of (0.06), and Standard Deviation of 1.17 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Trust's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Trust is expected to be smaller as well. At this point, Northern Trust has a negative expected return of -0.14%. Please make sure to verify Northern Trust's treynor ratio and daily balance of power , to decide if Northern Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Northern Trust has weak reverse predictability. Overlapping area represents the amount of predictability between Northern Trust time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 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 Trust price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Northern Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Northern Trust lagged returns against current returns
Autocorrelation, which is Northern Trust preferred stock'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 Trust's preferred stock expected returns. We can calculate the autocorrelation of Northern Trust returns to help us make a trade decision. For example, suppose you find that Northern Trust has exhibited high autocorrelation historically, and you observe that the preferred stock 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 Trust 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 Trust preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Trust preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Trust preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Trust Lagged Returns
When evaluating Northern Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Trust preferred stock have on its future price. Northern Trust 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 Trust autocorrelation shows the relationship between Northern Trust preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Trust.
Regressed Prices |
| Timeline |
Pair Trading with Northern Trust
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northern Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northern Trust will appreciate offsetting losses from the drop in the long position's value.Moving together with Northern Preferred Stock
Moving against Northern Preferred Stock
| 0.77 | GECCO | Great Elm Capital | PairCorr |
| 0.75 | OCCIM | OFS Credit , | PairCorr |
| 0.64 | INV | Innventure, | PairCorr |
| 0.61 | ARES-PB | Ares Management Corp | PairCorr |
| 0.59 | BCGWW | Binah Capital Group, | PairCorr |
The ability to find closely correlated positions to Northern Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northern Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northern Trust to buy it.
The correlation of Northern Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northern Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Northern Preferred Stock
Northern Trust financial ratios help investors to determine whether Northern Preferred Stock 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 Trust security.