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RiverNorthDoubleLine Manager Performance Evaluation

R
RNDLX -- USA Fund  

USD 10.45  0.08  0.76%

The fund holds Beta of 0.0459, 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 0.0227% will be sustainable into the future.
Equity
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1010

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in RiverNorthDoubleLine Strategic are ranked lower than 10 (%) of all funds and portfolios of funds over the last 30 days. 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 Low10.08
Fifty Two Week High10.57
Annual Report Expense Ratio1.90%

RiverNorthDoubleLine Relative Risk vs. Return Landscape

If you would invest  1,030  in RiverNorthDoubleLine Strategic on January 29, 2020 and sell it today you would earn a total of  15.00  from holding RiverNorthDoubleLine Strategic or generate 1.46% return on investment over 30 days. RiverNorthDoubleLine Strategic is currently producing 0.0227% returns and takes up 0.153% 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 generate 0.13 times more return on investment than the market. However, the company is 7.53 times less risky than the market. It trades about 0.15 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.

RiverNorthDoubleLine Current Valuation

Under Valued
Today
10.45
February 28, 2020
11.39
Real Value
11.84
Upside
RiverNorthDoubleLine is very steady asset. RiverNorthDoubleLine holds recent Real Value of $11.39 per share. The prevailing price of the fund is $10.45. At this time the fund appears to be under 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 = 0.1484
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RiverNorthDoubleLine Performance Indicators

Estimated Market Risk
 0.15
  actual daily
 
 1 %
of total potential
 
11
Expected Return
 0.02
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.15
  actual daily
 
 10 %
of total potential
 
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Based on monthly moving average RiverNorthDoubleLine is performing at about 10% 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

On January 30, 2020 RiverNorthDoubleLine paid $ 0.031 per share dividend to its current shareholders
The fund maintains about 17.75% of its assets in cash
Additionally, take a look at Your Equity Center. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.
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