Northern Quality Esg Fund Market Value
| NUESX Fund | USD 18.53 0.01 0.05% |
| Symbol | Northern |
Northern Quality '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 Quality'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 Quality.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Northern Quality on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Quality Esg or generate 0.0% return on investment in Northern Quality over 90 days. Northern Quality is related to or competes with Morningstar Unconstrained, and SPACE. In seeking long-term capital appreciation, the fund will invest, under normal circumstances, at least 80 percent of its ... More
Northern Quality 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 Quality'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 Quality Esg upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8699 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.43 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.01 |
Northern Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Quality's standard deviation. In reality, there are many statistical measures that can use Northern Quality historical prices to predict the future Northern Quality's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0355 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Quality'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 Quality Esg Backtested Returns
We consider Northern Quality out of control. Northern Quality Esg has Sharpe Ratio of 0.042, which conveys that the entity had a 0.042% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Quality, which you can use to evaluate the volatility of the fund. Please verify Northern Quality's Downside Deviation of 0.8699, risk adjusted performance of 0.0387, and Mean Deviation of 0.5785 to check out if the risk estimate we provide is consistent with the expected return of 0.0329%. The fund secures a Beta (Market Risk) of 0.99, which conveys possible diversification benefits within a given portfolio. Northern Quality returns are very sensitive to returns on the market. As the market goes up or down, Northern Quality is expected to follow.
Auto-correlation | -0.52 |
Good reverse predictability
Northern Quality Esg has good reverse predictability. Overlapping area represents the amount of predictability between Northern Quality time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 Quality Esg price movement. The serial correlation of -0.52 indicates that about 52.0% of current Northern Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Northern Quality Esg lagged returns against current returns
Autocorrelation, which is Northern Quality 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 Quality's mutual fund expected returns. We can calculate the autocorrelation of Northern Quality returns to help us make a trade decision. For example, suppose you find that Northern Quality 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 Quality 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 Quality mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Quality 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 Quality mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Quality Lagged Returns
When evaluating Northern Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Quality mutual fund have on its future price. Northern Quality 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 Quality autocorrelation shows the relationship between Northern Quality mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Quality Esg.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Northern Quality Correlation, Northern Quality Volatility and Northern Quality Alpha and Beta module to complement your research on Northern Quality. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Northern Quality 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.