Northern Lights Etf Performance
| MDPL Etf | 27.32 0.19 0.70% |
The etf secures a Beta (Market Risk) of 0.84, 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.
Risk-Adjusted Performance
5 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Northern Lights are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent basic indicators, Northern Lights is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
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Northern Lights Relative Risk vs. Return Landscape
If you would invest 2,640 in Northern Lights on August 24, 2024 and sell it today you would earn a total of 92.00 from holding Northern Lights or generate 3.48% return on investment over 90 days. Northern Lights is currently generating 0.0564% in daily expected returns and assumes 0.7605% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Northern, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Northern Lights Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Lights' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Northern Lights, and traders can use it to determine the average amount a Northern Lights' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0741
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Northern Lights is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northern Lights by adding it to a well-diversified portfolio.
About Northern Lights Performance
By examining Northern Lights' fundamental ratios, stakeholders can obtain critical insights into Northern Lights' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Northern Lights is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Northern Lights is entity of United States. It is traded as Etf on BATS exchange.