Northern Short Intermediate Tax Exempt Fund Market Value
| NSITX Fund | USD 9.97 0.01 0.10% |
| Symbol | Northern |
Northern Short '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 Short'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 Short.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Northern Short on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Northern Short Intermediate Tax Exempt or generate 0.0% return on investment in Northern Short over 90 days. Northern Short is related to or competes with Pgim Conservative, Calvert Conservative, Wells Fargo, Madison Diversified, Blackrock Conservative, Tiaa Cref, and Lord Abbett. Except in extraordinary circumstances, at least 80 percent of the funds net assets will be invested in debt instruments ... More
Northern Short 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 Short'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 Short Intermediate Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1534 | |||
| Information Ratio | (1.13) | |||
| Maximum Drawdown | 0.511 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.2012 |
Northern Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Short's standard deviation. In reality, there are many statistical measures that can use Northern Short historical prices to predict the future Northern Short's volatility.| Risk Adjusted Performance | 0.2265 | |||
| Jensen Alpha | 0.025 | |||
| Total Risk Alpha | 0.0088 | |||
| Sortino Ratio | (0.71) | |||
| Treynor Ratio | (1.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Short'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 Short Inter Backtested Returns
At this stage we consider Northern Mutual Fund to be very steady. Northern Short Inter has Sharpe Ratio of 0.38, which conveys that the entity had a 0.38 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Northern Short, which you can use to evaluate the volatility of the fund. Please verify Northern Short's Coefficient Of Variation of 297.9, mean deviation of 0.0708, and Risk Adjusted Performance of 0.2265 to check out if the risk estimate we provide is consistent with the expected return of 0.0322%. The fund secures a Beta (Market Risk) of -0.0207, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Short are expected to decrease at a much lower rate. During the bear market, Northern Short is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
Northern Short Intermediate Tax Exempt has good predictability. Overlapping area represents the amount of predictability between Northern Short time series from 21st of April 2025 to 5th of June 2025 and 5th of June 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 Short Inter price movement. The serial correlation of 0.77 indicates that around 77.0% of current Northern Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Short Inter lagged returns against current returns
Autocorrelation, which is Northern Short 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 Short's mutual fund expected returns. We can calculate the autocorrelation of Northern Short returns to help us make a trade decision. For example, suppose you find that Northern Short 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 Short 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 Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Short 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 Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Northern Short Lagged Returns
When evaluating Northern Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Short mutual fund have on its future price. Northern Short 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 Short autocorrelation shows the relationship between Northern Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Northern Short Intermediate Tax Exempt.
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 Short 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 Short security.
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