Northern Large Cap Fund Market Value
NOLVX Fund | USD 20.93 0.02 0.1% |
Symbol | Northern |
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.
02/27/2024 |
| 03/28/2024 |
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 Jhancock Disciplined, American Mutual, Profunds-large Cap, Cb Large, Smead Value, Transamerica Large, and Lord Abbett. 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.
Downside Deviation | 0.5937 | |||
Information Ratio | 0.0221 | |||
Maximum Drawdown | 2.72 | |||
Value At Risk | (0.76) | |||
Potential Upside | 0.9464 |
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.Risk Adjusted Performance | 0.1459 | |||
Jensen Alpha | 0.158 | |||
Total Risk Alpha | 0.0117 | |||
Sortino Ratio | 0.0208 | |||
Treynor Ratio | (0.80) |
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.
Northern Large Cap Backtested Returns
We consider Northern Large very steady. Northern Large Cap has Sharpe Ratio of 0.23, which conveys that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Large, which you can use to evaluate the volatility of the fund. Please verify Northern Large's Risk Adjusted Performance of 0.1459, mean deviation of 0.4309, and Downside Deviation of 0.5937 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. The fund secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Large are expected to decrease at a much lower rate. During the bear market, Northern Large is likely to outperform the market.
Auto-correlation | 0.70 |
Good predictability
Northern Large Cap has 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 0.7 indicates that around 70.0% of current Northern Large price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.7 | |
Spearman Rank Test | 0.61 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northern Large in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northern Large's short interest history, or implied volatility extrapolated from Northern Large options trading.
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Complementary Tools for Northern Mutual Fund analysis
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.