RiverNorthDoubleLine Statistic Functions Beta

RNDLX -- USA Fund  

USD 10.50  0.01  0.1%

RiverNorthDoubleLine statistic-functions tool provides you with the Statistic Functions execution environment for running Beta function against RiverNorthDoubleLine. RiverNorthDoubleLine statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.
Horizon     30 Days    Login   to change

The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on RiverNorthDoubleLine correlated with the market. If Beta is less than 0 RiverNorthDoubleLine generally moves in the opposite direction as compared to the market. If RiverNorthDoubleLine Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one RiverNorthDoubleLine is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of RiverNorthDoubleLine is generally in the same direction as the market. If Beta > 1 RiverNorthDoubleLine moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

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