Northern Large Cap Fund Market Value

NOLVX Fund  USD 21.24  0.31  1.48%   
Northern Large's market value is the price at which a share of Northern Large trades on a public exchange. It measures the collective expectations of Northern Large Cap investors about its performance. Northern Large is trading at 21.24 as of the 28th of March 2024; that is 1.48 percent increase since the beginning of the trading day. The fund's open price was 20.93.
With this module, you can estimate the performance of a buy and hold strategy of Northern Large Cap and determine expected loss or profit from investing in Northern Large over a given investment horizon. Check out Northern Large Correlation, Northern Large Volatility and Northern Large Alpha and Beta module to complement your research on Northern Large.
Symbol

Please note, there is a significant difference between Northern Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Large's 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.

Northern Large '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 Large'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 Large.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Northern Large on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Large Cap or generate 0.0% return on investment in Northern Large over 30 days. Northern Large is related to or competes with USCF Gold, Northern Bond, Northern E, Northern Arizona, Northern Emerging, Northern Fixed, and Northern Income. In seeking long-term capital appreciation, the fund will invest, under normal circumstances, at least 80 percent of its ... More

Northern Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.

Northern Large Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Large's standard deviation. In reality, there are many statistical measures that can use Northern Large historical prices to predict the future Northern Large's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Large'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.
Hype
Prediction
LowEstimatedHigh
20.6521.2421.83
Details
Intrinsic
Valuation
LowRealHigh
20.9021.4922.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Northern Large. Your research has to be compared to or analyzed against Northern Large's peers to derive any actionable benefits. When done correctly, Northern Large's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Northern Large Cap.

Northern Large Cap Backtested Returns

We consider Northern Large very steady. Northern Large Cap has Sharpe Ratio of 0.26, which conveys that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Northern Large, which you can use to evaluate the volatility of the fund. Please verify Northern Large's Mean Deviation of 0.4381, downside deviation of 0.5937, and Risk Adjusted Performance of 0.1501 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The fund secures a Beta (Market Risk) of 0.91, which conveys possible diversification benefits within a given portfolio. Northern Large returns are very sensitive to returns on the market. As the market goes up or down, Northern Large is expected to follow.

Auto-correlation

    
  0.85  

Very good predictability

Northern Large Cap has very good predictability. Overlapping area represents the amount of predictability between Northern Large time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Large Cap price movement. The serial correlation of 0.85 indicates that around 85.0% of current Northern Large price fluctuation can be explain by its past prices.
Correlation Coefficient0.85
Spearman Rank Test0.8
Residual Average0.0
Price Variance0.05

Northern Large Cap lagged returns against current returns

Autocorrelation, which is Northern Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Northern Large returns to help us make a trade decision. For example, suppose you find that Northern Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Large 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 Large mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Northern Large Lagged Returns

When evaluating Northern Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Large mutual fund have on its future price. Northern Large 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 Large autocorrelation shows the relationship between Northern Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Large Cap.
   Regressed Prices   
       Timeline  

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Check out Northern Large Correlation, Northern Large Volatility and Northern Large Alpha and Beta module to complement your research on Northern Large.
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When running Northern Large's price analysis, check to measure Northern Large's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Large is operating at the current time. Most of Northern Large's value examination focuses on studying past and present price action to predict the probability of Northern Large's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Large's price. Additionally, you may evaluate how the addition of Northern Large to your portfolios can decrease your overall portfolio volatility.
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Northern Large technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Northern Large technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Northern Large trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...