RiverNorthDoubleLine Backtesting

RNDLX -- USA Fund  

USD 10.32  0.02  0.19%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of RiverNorthDoubleLine Strategic and determine expected loss or profit from investing in RiverNorthDoubleLine over given investment horizon. Additionally take a look at RiverNorthDoubleLine Hype Analysis, RiverNorthDoubleLine Correlation, Portfolio Optimization, RiverNorthDoubleLine Volatility as well as analyze RiverNorthDoubleLine Alpha and Beta and RiverNorthDoubleLine Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

RiverNorthDoubleLine 'What if' Analysis

August 17, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
November 15, 2019
0.00
If you would invest  0.00  in RiverNorthDoubleLine on August 17, 2019 and sell it all today you would earn a total of 0.00 from holding RiverNorthDoubleLine Strategic or generate 0.0% return on investment in RiverNorthDoubleLine over 90 days. RiverNorthDoubleLine is related to or competes with Fidelity Advisor, Fidelity Advisor, Lord Abbett, Lord Abbett, Lord Abbett, Loomis Sayles, and Loomis Sayles. The investment seeks current income and overall total return

RiverNorthDoubleLine Upside/Downside Indicators

Downside Deviation0.2186
Information Ratio(0.98)
Maximum Drawdown0.6751
Value At Risk(0.29)
Potential Upside0.194

RiverNorthDoubleLine Market Premium Indicators

Risk Adjusted Performance(0.034813)
Jensen Alpha(0.014837)
Total Risk Alpha(0.033589)
Sortino Ratio(0.63)
Treynor Ratio(0.18)

RiverNorthDoubleLine Backtested Returns

We consider RiverNorthDoubleLine very steady. RiverNorthDoubleLine maintains Sharpe Ratio (i.e. Efficiency) of 7.0E-4 which implies the entity had 7.0E-4% of return per unit of risk over the last 3 months. Our philosophy towards forecasting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for RiverNorthDoubleLine which you can use to evaluate future volatility of the fund. Please check RiverNorthDoubleLine Risk Adjusted Performance of (0.034813), Coefficient Of Variation of 10153.23 and Semi Deviation of 0.1348 to confirm if risk estimate we provide are consistent with the epected return of 1.0E-4%. The fund holds Beta of 0.0479 which implies as returns on market increase, RiverNorthDoubleLine returns are expected to increase less than the market. However during bear market, the loss on holding RiverNorthDoubleLine will be expected to be smaller as well. Although it is extremely important to respect RiverNorthDoubleLine current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing RiverNorthDoubleLine technical indicators you can presently evaluate if the expected return of 1.0E-4% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.28) 
correlation synergy

Weak reverse predictability

RiverNorthDoubleLine Strategic has weak reverse predictability. Overlapping area represents the amount of predictability between RiverNorthDoubleLine time series from August 17, 2019 to October 1, 2019 and October 1, 2019 to November 15, 2019. 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 -0.28 indicates that nearly 28.0% of current RiverNorthDoubleLine price fluctuation can be explain by its past prices. Given that RiverNorthDoubleLine Strategic has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of RiverNorthDoubleLine for similar time interval.
Correlation Coefficient-0.28
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.0

RiverNorthDoubleLine lagged returns against current returns

 Current and Lagged Values 
      Timeline 

RiverNorthDoubleLine regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

RiverNorthDoubleLine Lagged Returns

 Regressed Prices 
      Timeline 

Did you try this?

Run Price Transformation Now

   

Price Transformation

Use Price Transformation models to analyze depth of different equity instruments across global markets
All  Next Launch Module

Currently Active Assets on Macroaxis

ATVI   
Purchased over 300 shares of
few hours ago
Traded for 52.7
AAPL   
Purchased over 90 shares of
few hours ago
Traded for 262.64
ABBV   
Purchased over 100 shares of
few hours ago
Traded for 87.63
ABT   
Purchased over 100 shares of
few hours ago
Traded for 84.12
HDGE   
Purchased over 100 shares of
few hours ago
Traded for 5.98
Additionally take a look at RiverNorthDoubleLine Hype Analysis, RiverNorthDoubleLine Correlation, Portfolio Optimization, RiverNorthDoubleLine Volatility as well as analyze RiverNorthDoubleLine Alpha and Beta and RiverNorthDoubleLine Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Search macroaxis.com