Northern Lights Fund Market Value
| STENX Fund | 29.87 0.05 0.17% |
| Symbol | Northern |
Northern Lights '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 Lights' 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 Lights.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Northern Lights on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Lights or generate 0.0% return on investment in Northern Lights over 30 days. Northern Lights is related to or competes with Qs Us, Pace Large, Dodge Cox, American Mutual, Americafirst Large, and Dana Large. The fund invests in mutual funds and exchange-traded funds that primarily invest in domestic and international equities,... More
Northern Lights 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 Lights' 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 Lights upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5733 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.19 |
Northern Lights Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Lights' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Lights' standard deviation. In reality, there are many statistical measures that can use Northern Lights historical prices to predict the future Northern Lights' volatility.| Risk Adjusted Performance | 0.0878 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0936 |
Northern Lights Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Lights has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Lights, which you can use to evaluate the volatility of the fund. Please verify Northern Lights' Mean Deviation of 0.423, risk adjusted performance of 0.0878, and Downside Deviation of 0.5733 to check out if the risk estimate we provide is consistent with the expected return of 0.0741%. The fund secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Lights' returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Lights is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Northern Lights has very good predictability. Overlapping area represents the amount of predictability between Northern Lights time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Lights price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Northern Lights price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Northern Lights lagged returns against current returns
Autocorrelation, which is Northern Lights 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 Lights' mutual fund expected returns. We can calculate the autocorrelation of Northern Lights returns to help us make a trade decision. For example, suppose you find that Northern Lights 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 Lights 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 Lights mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Lights 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 Lights mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Lights Lagged Returns
When evaluating Northern Lights' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Lights mutual fund have on its future price. Northern Lights 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 Lights autocorrelation shows the relationship between Northern Lights mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Lights.
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 Lights 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 Lights security.
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