Northern Trust Etf Technical Analysis
| QDYN Etf | USD 61.09 0.00 0.00% |
As of the 24th of April, Northern Trust secures the Mean Deviation of 0.5684, downside deviation of 0.776, and Risk Adjusted Performance of 0.0724. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Northern Trust, as well as the relationship between them. Strictly speaking, you can use this information to find out if the etf will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Northern Trust, which can be compared to its peers in the industry. Please verify Northern Trust information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Northern Trust is priced some-what accurately, providing market reflects its recent price of 61.09 per share.
Northern Trust Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Northern, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NorthernNorthern |
Northern Trust technical etf 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, etf market cycles, or different charting patterns.
Northern Trust Technical Analysis
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Northern Trust Trend Analysis
Use this graph to draw trend lines for Northern Trust. You can use it to identify possible trend reversals for Northern Trust as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Northern Trust price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Northern Trust Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Northern Trust applied against its price change over selected period. The best fit line has a slop of 0.09 , which means Northern Trust will continue generating value for investors. It has 122 observation points and a regression sum of squares at 320.44, which is the sum of squared deviations for the predicted Northern Trust price change compared to its average price change.About Northern Trust Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Northern Trust on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Northern Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Northern Trust price pattern first instead of the macroeconomic environment surrounding Northern Trust. By analyzing Northern Trust's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Northern Trust's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Northern Trust specific price patterns or momentum indicators. Please read more on our technical analysis page.
Northern Trust April 24, 2024 Technical Indicators
Most technical analysis of Northern help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Northern from various momentum indicators to cycle indicators. When you analyze Northern charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0724 | |||
| Market Risk Adjusted Performance | 19.71 | |||
| Mean Deviation | 0.5684 | |||
| Semi Deviation | 0.4887 | |||
| Downside Deviation | 0.776 | |||
| Coefficient Of Variation | 887.46 | |||
| Standard Deviation | 0.7881 | |||
| Variance | 0.621 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.0785 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 19.7 | |||
| Maximum Drawdown | 3.35 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.53 | |||
| Downside Variance | 0.6021 | |||
| Semi Variance | 0.2389 | |||
| Expected Short fall | (0.87) | |||
| Skewness | 0.5243 | |||
| Kurtosis | 0.785 |
Northern Trust One Year Return
Based on the recorded statements, Northern Trust has an One Year Return of -11.21%. This is 39.78% higher than that of the Flexshares Trust family and significantly lower than that of the Large Value category. The one year return for all United States etfs is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of Northern Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is Northern Trust's 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 Trust's market value can be influenced by many factors that don't directly affect Northern Trust's 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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Trust'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.