Northern Trust Preferred Stock Market Value
| NTRSO Preferred Stock | USD 21.32 0.02 0.09% |
| Symbol | Northern |
Northern Trust '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 Trust's preferred stock 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 Trust.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Northern Trust on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Trust or generate 0.0% return on investment in Northern Trust over 30 days. Northern Trust is related to or competes with Gabelli Equity, Gabelli Multimedia, Gabelli Equity, Virtus AllianzGI, AllianzGI Convertible, MFS Investment, and Eaton Vance. Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, ... More
Northern Trust 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 Trust's preferred stock 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 Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.37 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.41 |
Northern Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Trust's standard deviation. In reality, there are many statistical measures that can use Northern Trust historical prices to predict the future Northern Trust's volatility.| Risk Adjusted Performance | 0.0062 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Trust'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 Trust Backtested Returns
Northern Trust has Sharpe Ratio of -0.0282, which conveys that the firm had a -0.0282% return per unit of risk over the last 3 months. Northern Trust exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Trust's Downside Deviation of 1.43, mean deviation of 1.01, and Risk Adjusted Performance of 0.0062 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.05, which conveys a somewhat significant risk relative to the market. Northern Trust returns are very sensitive to returns on the market. As the market goes up or down, Northern Trust is expected to follow. Northern Trust has an expected return of -0.0431%. Please make sure to verify Northern Trust downside variance, as well as the relationship between the daily balance of power and relative strength index , to decide if Northern Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Northern Trust has modest predictability. Overlapping area represents the amount of predictability between Northern Trust time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Trust price movement. The serial correlation of 0.5 indicates that about 50.0% of current Northern Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Northern Trust lagged returns against current returns
Autocorrelation, which is Northern Trust preferred stock'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 Trust's preferred stock expected returns. We can calculate the autocorrelation of Northern Trust returns to help us make a trade decision. For example, suppose you find that Northern Trust has exhibited high autocorrelation historically, and you observe that the preferred stock 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 Trust 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 Trust preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Trust preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Trust preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Trust Lagged Returns
When evaluating Northern Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Trust preferred stock have on its future price. Northern Trust 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 Trust autocorrelation shows the relationship between Northern Trust preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Trust.
Regressed Prices |
| Timeline |
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Complementary Tools for Northern Preferred Stock analysis
When running Northern Trust's price analysis, check to measure Northern Trust'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 Trust is operating at the current time. Most of Northern Trust's value examination focuses on studying past and present price action to predict the probability of Northern Trust'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 Trust's price. Additionally, you may evaluate how the addition of Northern Trust to your portfolios can decrease your overall portfolio volatility.
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Northern Trust technical preferred stock 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, preferred stock market cycles, or different charting patterns.