Rivernorth Managed Duration Etf Market Value
| RMM Etf | USD 15.78 0.15 0.96% |
| Symbol | RiverNorth |
The market value of RiverNorth Managed is measured differently than its book value, which is the value of RiverNorth that is recorded on the company's balance sheet. Investors also form their own opinion of RiverNorth Managed's value that differs from its market value or its book value, called intrinsic value, which is RiverNorth Managed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RiverNorth Managed's market value can be influenced by many factors that don't directly affect RiverNorth Managed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RiverNorth Managed's value and its price as these two are different measures arrived at by different means. Investors typically determine if RiverNorth Managed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RiverNorth Managed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
RiverNorth Managed '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 RiverNorth Managed's etf 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 RiverNorth Managed.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in RiverNorth Managed on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding RiverNorth Managed Duration or generate 0.0% return on investment in RiverNorth Managed over 30 days. RiverNorth Managed is related to or competes with RiverNorth Flexible, Blackrock Muniholdings, MFS Investment, Munivest Fund, Blackrock Muniholdings, DWS Municipal, and Blackrock Muniholdings. Rivernorth Managed Duration Municipal Income Fund Inc More
RiverNorth Managed 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 RiverNorth Managed's etf 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 RiverNorth Managed Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7205 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.07 |
RiverNorth Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiverNorth Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RiverNorth Managed's standard deviation. In reality, there are many statistical measures that can use RiverNorth Managed historical prices to predict the future RiverNorth Managed's volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 0.0673 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 5.04 |
RiverNorth Managed Backtested Returns
As of now, RiverNorth Etf is very steady. RiverNorth Managed maintains Sharpe Ratio (i.e., Efficiency) of 0.058, which implies the entity had a 0.058% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RiverNorth Managed, which you can use to evaluate the volatility of the etf. Please check RiverNorth Managed's Risk Adjusted Performance of 0.0882, semi deviation of 0.5951, and Coefficient Of Variation of 853.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.0382%. The etf holds a Beta of 0.0137, which implies not very significant fluctuations relative to the market. As returns on the market increase, RiverNorth Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding RiverNorth Managed is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
RiverNorth Managed Duration has very good predictability. Overlapping area represents the amount of predictability between RiverNorth Managed time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RiverNorth Managed price movement. The serial correlation of 0.85 indicates that around 85.0% of current RiverNorth Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
RiverNorth Managed lagged returns against current returns
Autocorrelation, which is RiverNorth Managed etf'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 RiverNorth Managed's etf expected returns. We can calculate the autocorrelation of RiverNorth Managed returns to help us make a trade decision. For example, suppose you find that RiverNorth Managed has exhibited high autocorrelation historically, and you observe that the etf 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 |
RiverNorth Managed 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 RiverNorth Managed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RiverNorth Managed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RiverNorth Managed etf over time.
Current vs Lagged Prices |
| Timeline |
RiverNorth Managed Lagged Returns
When evaluating RiverNorth Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RiverNorth Managed etf have on its future price. RiverNorth Managed 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, RiverNorth Managed autocorrelation shows the relationship between RiverNorth Managed etf current value and its past values and can show if there is a momentum factor associated with investing in RiverNorth Managed Duration.
Regressed Prices |
| Timeline |
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RiverNorth Managed financial ratios help investors to determine whether RiverNorth 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 RiverNorth with respect to the benefits of owning RiverNorth Managed security.