Northern Funds Etf Market Value

Symbol

Northern

The market value of Northern Funds is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Funds' value that differs from its market value or its book value, called intrinsic value, which is Northern Funds' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Funds' market value can be influenced by many factors that don't directly affect Northern Funds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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.

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' etf 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.

Northern Funds Upside/Downside Indicators

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.

Autocorrelation, which is Northern Funds etf'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' etf 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 etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Northern Funds etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Funds etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Funds etf over time.

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 etf 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 etf current value and its past values and can show if there is a momentum factor associated with investing in Northern Funds.

Northern Funds financial ratios help investors to determine whether Northern Etf 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.