Northern Quality Esg Fund Market Value
| NUESX Fund | USD 21.99 0.10 0.46% |
| Symbol | Northern |
Northern Quality '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 Quality'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 Quality.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Northern Quality on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Quality Esg or generate 0.0% return on investment in Northern Quality over 540 days. Northern Quality is related to or competes with Americafirst Large, Dodge Cox, Jhancock Disciplined, American Mutual, and Tax-managed. In seeking long-term capital appreciation, the fund will invest, under normal circumstances, at least 80 percent of its ... More
Northern Quality 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 Quality'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 Quality Esg upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.689 | |||
| Information Ratio | 0.0087 | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.0 |
Northern Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Quality's standard deviation. In reality, there are many statistical measures that can use Northern Quality historical prices to predict the future Northern Quality's volatility.| Risk Adjusted Performance | 0.1589 | |||
| Jensen Alpha | 0.1223 | |||
| Total Risk Alpha | 0.0191 | |||
| Sortino Ratio | 0.0087 | |||
| Treynor Ratio | 1.51 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Quality'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 Quality Esg Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Quality Esg has Sharpe Ratio of 0.21, which conveys that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Quality, which you can use to evaluate the volatility of the fund. Please verify Northern Quality's Downside Deviation of 0.689, risk adjusted performance of 0.1589, and Mean Deviation of 0.5085 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. The fund secures a Beta (Market Risk) of 0.0882, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Quality is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Northern Quality Esg has good predictability. Overlapping area represents the amount of predictability between Northern Quality time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Quality Esg price movement. The serial correlation of 0.71 indicates that around 71.0% of current Northern Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Northern Quality Esg lagged returns against current returns
Autocorrelation, which is Northern Quality 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 Quality's mutual fund expected returns. We can calculate the autocorrelation of Northern Quality returns to help us make a trade decision. For example, suppose you find that Northern Quality 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 Quality 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 Quality mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Quality 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 Quality mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Quality Lagged Returns
When evaluating Northern Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Quality mutual fund have on its future price. Northern Quality 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 Quality autocorrelation shows the relationship between Northern Quality mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Quality Esg.
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 Quality 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 Quality security.
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