Northern Government Fund Manager Performance Evaluation
| NOUGX Fund | USD 8.55 0.01 0.12% |
The fund secures a Beta (Market Risk) of 0.0642, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Northern Government Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Northern is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 29th of July 2022 | |
| Expense Ratio | 0.4200 |
Northern |
Northern Relative Risk vs. Return Landscape
If you would invest 870.00 in Northern Government Fund on January 24, 2024 and sell it today you would lose (15.00) from holding Northern Government Fund or give up 1.72% of portfolio value over 90 days. Northern Government Fund is currently producing negative expected returns and takes up 0.3334% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Northern, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Northern Current Valuation
Fairly Valued
Today
Please note that Northern's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Northern Government secures a last-minute Real Value of $8.58 per share. The latest price of the fund is $8.55. We determine the value of Northern Government from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for Northern Government Fund is useful when determining the fair value of the Northern mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Northern. Since Northern is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Northern Mutual Fund. However, Northern's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 8.55 | Real 8.58 | Hype 8.55 |
The real value of Northern Mutual Fund, also known as its intrinsic value, is the underlying worth of Northern Government Mutual Fund, which is reflected in its stock price. It is based on Northern's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Northern's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Northern's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Northern Government Fund helps investors to forecast how Northern mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Northern more accurately as focusing exclusively on Northern's fundamentals will not take into account other important factors: Northern Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Northern Government Fund, and traders can use it to determine the average amount a Northern's 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.
Sharpe Ratio = -0.0825
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NOUGX |
Estimated Market Risk
| 0.33 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Northern is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northern by adding Northern to a well-diversified portfolio.
Northern Fundamentals Growth
Northern Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Northern, and Northern 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 Mutual Fund performance.
About Northern Performance
To evaluate Northern Government Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Northern generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Northern Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Northern Government market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Northern's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund will invest at least 80 percent of its net assets in securities issued or guaranteed by the U.S. government or by its agencies, instrumentalities or sponsored enterprises and repurchase agreements relating to such securities. Its dollar-weighted average maturity, will range between one and ten years. The fund may also make significant investments in securities issued by U.S. government-sponsored enterprises. Obligations issued by U.S. government-sponsored enterprises are neither issued nor guaranteed by the U.S. Treasury and therefore are not backed by the full faith and credit of the United States.Things to note about Northern Government performance evaluation
Checking the ongoing alerts about Northern for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Northern Government help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Northern Government generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Northern Government maintains about 98.89% of its assets in bonds |
- Analyzing Northern's 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's stock is overvalued or undervalued compared to its peers.
- Examining Northern's 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's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Northern's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Northern's mutual fund. These opinions can provide insight into Northern's 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 Government Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Northern Government information on this page should be used as a complementary analysis to other Northern's 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.