Rivernorthdoubleline Strategic Opportunity Etf Beneish M Score
| OPP Etf | USD 8.57 0.05 0.59% |
RiverNorthDoubleLine |
At this time, RiverNorthDoubleLine's M Score is inapplicable. The earnings manipulation may begin if RiverNorthDoubleLine's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by RiverNorthDoubleLine executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of RiverNorthDoubleLine's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About RiverNorthDoubleLine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RiverNorthDoubleLine Strategic Opportunity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RiverNorthDoubleLine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RiverNorthDoubleLine Strategic Opportunity based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with RiverNorthDoubleLine
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 RiverNorthDoubleLine 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 RiverNorthDoubleLine will appreciate offsetting losses from the drop in the long position's value.Moving together with RiverNorthDoubleLine Etf
| 0.63 | PMBS | PIMCO Mortgage Backed | PairCorr |
| 0.79 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
| 0.8 | YCL | ProShares Ultra Yen | PairCorr |
Moving against RiverNorthDoubleLine Etf
| 0.91 | DSJA | DSJA | PairCorr |
| 0.9 | TSJA | TSJA | PairCorr |
| 0.9 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.85 | SIXD | AIM ETF Products | PairCorr |
| 0.85 | CVX | Chevron Corp Sell-off Trend | PairCorr |
The ability to find closely correlated positions to RiverNorthDoubleLine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RiverNorthDoubleLine 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 RiverNorthDoubleLine - 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 RiverNorthDoubleLine Strategic Opportunity to buy it.
The correlation of RiverNorthDoubleLine 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 RiverNorthDoubleLine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RiverNorthDoubleLine 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 RiverNorthDoubleLine 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.Other Information on Investing in RiverNorthDoubleLine Etf
RiverNorthDoubleLine financial ratios help investors to determine whether RiverNorthDoubleLine Etf 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 RiverNorthDoubleLine with respect to the benefits of owning RiverNorthDoubleLine security.