RiverNorthDoubleLine Manager Performance Evaluation

RNDLX -- USA Fund  

USD 10.31  0.02  0.19%

The fund holds Beta of -0.0418 which implies as returns on market increase, returns on owning RiverNorthDoubleLine are expected to decrease at a much smaller rate. During bear market, RiverNorthDoubleLine is likely to outperform the market. Even though it is essential to pay attention to RiverNorthDoubleLine current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. RiverNorthDoubleLine exposes twenty-one different technical indicators which can help you to evaluate its performance.
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Risk-Adjusted Fund Performance

Over the last 30 days RiverNorthDoubleLine Strategic has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, RiverNorthDoubleLine is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Fifty Two Week Low9.69
Fifty Two Week High10.40
Annual Report Expense Ratio1.70%
Horizon     30 Days    Login   to change

RiverNorthDoubleLine Relative Risk vs. Return Landscape

If you would invest  1,035  in RiverNorthDoubleLine Strategic on October 22, 2019 and sell it today you would lose (2.00)  from holding RiverNorthDoubleLine Strategic or give up 0.19% of portfolio value over 30 days. RiverNorthDoubleLine Strategic is currently producing negative expected returns and takes up 0.1356% volatility of returns over 30 trading days. Put another way, 1% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, RiverNorthDoubleLine is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 4.77 times less risky than the market. the firm trades about -0.02 of its potential returns per unit of risk. The DOW is currently generating roughly 0.2 of returns per unit of risk over similar time horizon.

RiverNorthDoubleLine Current Valuation

Fairly Valued
November 21, 2019
10.31
Market Value
10.32
Real Value
10.74
Upside
RiverNorthDoubleLine is very steady asset. RiverNorthDoubleLine holds recent Real Value of $10.32 per share. The prevailing price of the fund is $10.31. At this time the fund appears to be fairly valued. We determine the value of RiverNorthDoubleLine from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.

RiverNorthDoubleLine Market Risk Analysis

Sharpe Ratio = -0.0216
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RiverNorthDoubleLine Relative Performance Indicators

Estimated Market Risk
 0.14
  actual daily
 
 1 %
of total potential
 
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Expected Return
 0.0
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.02
  actual daily
 
 0 %
of total potential
 
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Based on monthly moving average RiverNorthDoubleLine is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of RiverNorthDoubleLine by adding it to a well-diversified portfolio.

RiverNorthDoubleLine Alerts

Equity Alerts and Improvement Suggestions

RiverNorthDoubleLine generates negative expected return over the last 30 days
Latest headline from MacroaxisInsider: Acquisition by Richard Cavanagh of tradable shares of Blackrock Corporate subject to Rule 16b-3
The fund maintains about 11.66% of its assets in cash
Additionally take a look at Your Equity Center. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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