RiverNorth Specialty One Year Return vs. Price To Earning
| RSF Etf | USD 15.31 0.01 0.07% |
For RiverNorth Specialty profitability analysis, we use financial ratios and fundamental drivers that measure the ability of RiverNorth Specialty to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well RiverNorth Specialty Finance utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between RiverNorth Specialty's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of RiverNorth Specialty Finance over time as well as its relative position and ranking within its peers.
RiverNorth |
The market value of RiverNorth Specialty 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 Specialty's value that differs from its market value or its book value, called intrinsic value, which is RiverNorth Specialty'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 Specialty's market value can be influenced by many factors that don't directly affect RiverNorth Specialty'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 Specialty's value and its price as these two are different measures arrived at by different means. Investors typically determine if RiverNorth Specialty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RiverNorth Specialty'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 Specialty Price To Earning vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining RiverNorth Specialty's current stock value. Our valuation model uses many indicators to compare RiverNorth Specialty value to that of its competitors to determine the firm's financial worth. RiverNorth Specialty Finance is presently regarded as number one ETF in one year return as compared to similar ETFs. It also is presently regarded as number one ETF in price to earning as compared to similar ETFs reporting about 0.53 of Price To Earning per One Year Return. The ratio of One Year Return to Price To Earning for RiverNorth Specialty Finance is roughly 1.90 . Comparative valuation analysis is a catch-all technique that is used if you cannot value RiverNorth Specialty by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.RiverNorth Price To Earning vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
RiverNorth Specialty |
| = | 9.48 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
RiverNorth Specialty |
| = | 4.98 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
RiverNorth Price To Earning Comparison
RiverNorth Specialty is currently under evaluation in price to earning as compared to similar ETFs.
RiverNorth Specialty Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in RiverNorth Specialty, profitability is also one of the essential criteria for including it into their portfolios because, without profit, RiverNorth Specialty will eventually generate negative long term returns. The profitability progress is the general direction of RiverNorth Specialty's change in net profit over the period of time. It can combine multiple indicators of RiverNorth Specialty, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
RiverNorth Specialty is entity of United States. It is traded as Etf on NYSE exchange.
RiverNorth Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on RiverNorth Specialty. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of RiverNorth Specialty position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the RiverNorth Specialty's important profitability drivers and their relationship over time.
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Use RiverNorth Specialty in pair-trading
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 RiverNorth Specialty 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 RiverNorth Specialty will appreciate offsetting losses from the drop in the long position's value.RiverNorth Specialty Pair Trading
RiverNorth Specialty Finance Pair Trading Analysis
The ability to find closely correlated positions to RiverNorth Specialty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RiverNorth Specialty 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 RiverNorth Specialty - 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 RiverNorth Specialty Finance to buy it.
The correlation of RiverNorth Specialty 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 RiverNorth Specialty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RiverNorth Specialty 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 RiverNorth Specialty 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.Use Investing Themes to Complement your RiverNorth Specialty position
In addition to having RiverNorth Specialty in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in RiverNorth Etf
To fully project RiverNorth Specialty's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of RiverNorth Specialty at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include RiverNorth Specialty's income statement, its balance sheet, and the statement of cash flows.