Northern Bond Index Fund Market Value
| NOBOX Fund | USD 9.15 0.02 0.22% |
| Symbol | Northern |
Northern Bond '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 Bond's mutual fund 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 Bond.
| 06/20/2025 |
| 07/20/2025 |
If you would invest 0.00 in Northern Bond on June 20, 2025 and sell it all today you would earn a total of 0.00 from holding Northern Bond Index or generate 0.0% return on investment in Northern Bond over 30 days. Northern Bond is related to or competes with Aqr Sustainable, Boston Partners, Lord Abbett, Calamos Longshort, Chartwell Short, and Astor Long/short. The fund will invest substantially all of its net assets in bonds and other fixed-income securities included in the inde... More
Northern Bond 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 Bond's mutual fund 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 Bond Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3745 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.5543 |
Northern Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Bond's standard deviation. In reality, there are many statistical measures that can use Northern Bond historical prices to predict the future Northern Bond's volatility.| Risk Adjusted Performance | 0.0448 | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | 0.1363 |
Northern Bond Index Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Bond Index has Sharpe Ratio of 0.0881, which conveys that the entity had a 0.0881 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Bond, which you can use to evaluate the volatility of the fund. Please verify Northern Bond's Downside Deviation of 0.3745, risk adjusted performance of 0.0448, and Mean Deviation of 0.2643 to check out if the risk estimate we provide is consistent with the expected return of 0.0285%. The fund secures a Beta (Market Risk) of 0.0896, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Bond is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
Northern Bond Index has poor reverse predictability. Overlapping area represents the amount of predictability between Northern Bond time series from 20th of June 2025 to 5th of July 2025 and 5th of July 2025 to 20th of July 2025. 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 Bond Index price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Northern Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Bond Index lagged returns against current returns
Autocorrelation, which is Northern Bond mutual fund'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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Northern Bond returns to help us make a trade decision. For example, suppose you find that Northern Bond has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Bond Lagged Returns
When evaluating Northern Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Bond mutual fund have on its future price. Northern Bond 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 Bond autocorrelation shows the relationship between Northern Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Bond Index.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Northern Mutual Fund
Northern Bond financial ratios help investors to determine whether Northern Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Northern with respect to the benefits of owning Northern Bond security.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |