The etf secures a Beta (Market Risk) of 0.8318, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Lights returns are expected to increase less than the market. However, during the bear market, the loss on holding Northern Lights will be expected to be smaller as well. Even though it is essential to pay attention to Northern Lights price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Northern Lights exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
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Over the last 90 days Northern Lights has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, Northern Lights is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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|Fifty Two Week Low||21.09|
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Northern Lights Relative Risk vs. Return LandscapeIf you would invest 2,647 in Northern Lights on June 23, 2023 and sell it today you would lose (24.00) from holding Northern Lights or give up 0.91% of portfolio value over 90 days. Northern Lights is currently does not generate positive expected returns and assumes 0.6938% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Northern, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Given the investment horizon of 90 days Northern Lights is expected to under-perform the market. In addition to that, the company is 1.14 times more volatile than its market benchmark. It trades about -0.02 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.03 per unit of volatility.
Northern Lights Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Lights' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Northern Lights, and traders can use it to determine the average amount a Northern Lights' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Northern Lights Fundamentals Growth
Northern Etf prices reflect investors' perceptions of the future prospects and financial health of Northern Lights, and Northern Lights fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Northern Etf performance.
About Northern Lights Performance
Things to note about Northern Lights performance evaluationChecking the ongoing alerts about Northern Lights for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for Northern Lights help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions. Evaluating Northern Lights' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Northern Lights' etf performance include:
- Analyzing Northern Lights' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Northern Lights' stock is overvalued or undervalued compared to its peers.
- Examining Northern Lights' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Northern Lights' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Northern Lights' management team can help you assess the ETF's leadership.
- Pay attention to analyst opinions and ratings of Northern Lights' etf. These opinions can provide insight into Northern Lights' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Lights. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For information on how to trade Northern Etf refer to our How to Trade Northern Etf guide. Note that the Northern Lights information on this page should be used as a complementary analysis to other Northern Lights' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Northern Etf analysis
When running Northern Lights' price analysis, check to measure Northern Lights' 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 Lights is operating at the current time. Most of Northern Lights' value examination focuses on studying past and present price action to predict the probability of Northern Lights' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Lights' price. Additionally, you may evaluate how the addition of Northern Lights to your portfolios can decrease your overall portfolio volatility.
The market value of Northern Lights 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 Lights' value that differs from its market value or its book value, called intrinsic value, which is Northern Lights' 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 Lights' market value can be influenced by many factors that don't directly affect Northern Lights' 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 Lights' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Lights is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Lights' 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.