Rivernorthdoubleline Strategic Income Fund Market Value
| RNDLX Fund | USD 8.62 0.02 0.23% |
| Symbol | Rivernorthdoubleline |
Rivernorthdoubleline '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 Rivernorthdoubleline'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 Rivernorthdoubleline.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Rivernorthdoubleline on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Rivernorthdoubleline Strategic Income or generate 0.0% return on investment in Rivernorthdoubleline over 30 days. Rivernorthdoubleline is related to or competes with HUMANA, Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and Victory Sophus. The funds adviser allocates the funds assets among three principal strategies Tactical Closed-end Fund Income strategy, ... More
Rivernorthdoubleline 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 Rivernorthdoubleline'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 Rivernorthdoubleline Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.27 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.3488 |
Rivernorthdoubleline Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rivernorthdoubleline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rivernorthdoubleline's standard deviation. In reality, there are many statistical measures that can use Rivernorthdoubleline historical prices to predict the future Rivernorthdoubleline's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rivernorthdoubleline'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.
Rivernorthdoubleline Backtested Returns
We consider Rivernorthdoubleline very steady. Rivernorthdoubleline maintains Sharpe Ratio (i.e., Efficiency) of 0.0279, which implies the entity had a 0.0279% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Rivernorthdoubleline, which you can use to evaluate the volatility of the fund. Please check Rivernorthdoubleline's Risk Adjusted Performance of (0.02), variance of 0.0789, and Coefficient Of Variation of (20,597) to confirm if the risk estimate we provide is consistent with the expected return of 0.0078%. The fund holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rivernorthdoubleline's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rivernorthdoubleline is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
Rivernorthdoubleline Strategic Income has poor reverse predictability. Overlapping area represents the amount of predictability between Rivernorthdoubleline time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 Rivernorthdoubleline price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Rivernorthdoubleline price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rivernorthdoubleline lagged returns against current returns
Autocorrelation, which is Rivernorthdoubleline 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 Rivernorthdoubleline's mutual fund expected returns. We can calculate the autocorrelation of Rivernorthdoubleline returns to help us make a trade decision. For example, suppose you find that Rivernorthdoubleline 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 |
Rivernorthdoubleline 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 Rivernorthdoubleline mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rivernorthdoubleline mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rivernorthdoubleline mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rivernorthdoubleline Lagged Returns
When evaluating Rivernorthdoubleline's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rivernorthdoubleline mutual fund have on its future price. Rivernorthdoubleline 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, Rivernorthdoubleline autocorrelation shows the relationship between Rivernorthdoubleline mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rivernorthdoubleline Strategic Income.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Rivernorthdoubleline in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Rivernorthdoubleline's short interest history, or implied volatility extrapolated from Rivernorthdoubleline options trading.
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Check out Rivernorthdoubleline Correlation, Rivernorthdoubleline Volatility and Rivernorthdoubleline Alpha and Beta module to complement your research on Rivernorthdoubleline. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Rivernorthdoubleline technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.