Northern Lights Financial Statements From 2010 to 2026
| BTR Etf | 26.24 0.03 0.11% |
Check Northern Lights financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Northern Lights' main balance sheet or income statement drivers, such as , as well as many indicators such as . Northern financial statements analysis is a perfect complement when working with Northern Lights Valuation or Volatility modules.
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Pair Trading with Northern Lights
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northern Lights position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northern Lights will appreciate offsetting losses from the drop in the long position's value.Moving together with Northern Etf
| 0.96 | TDSC | Cabana Target Drawdown | PairCorr |
| 0.95 | YYY | Amplify High Income | PairCorr |
| 0.96 | FVC | First Trust Dorsey | PairCorr |
| 0.91 | TDSB | Cabana Target Drawdown | PairCorr |
| 0.94 | GMOM | Cambria Global Momentum Low Volatility | PairCorr |
Moving against Northern Etf
| 0.89 | VXX | iPath Series B Low Volatility | PairCorr |
| 0.89 | VIXY | ProShares VIX Short Low Volatility | PairCorr |
| 0.89 | VIXM | ProShares VIX Mid Low Volatility | PairCorr |
| 0.89 | VXZ | iPath Series B Low Volatility | PairCorr |
| 0.42 | YCL | ProShares Ultra Yen | PairCorr |
The ability to find closely correlated positions to Northern Lights could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Lights when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northern Lights - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northern Lights to buy it.
The correlation of Northern Lights is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Lights moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Lights moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northern Lights can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Northern Lights Correlation against competitors. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. 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.
It's important to distinguish between Northern Lights' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Northern Lights should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Northern Lights' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.