RiverNorthDoubleLine Valuation

RNDLX -- USA Fund  

USD 10.32  0.01  0.1%

RiverNorthDoubleLine holds recent Real Value of $10.33 per share. The prevailing price of the fund is $10.32. 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.
Fairly Valued
November 20, 2019
10.32
Market Value
10.33
Real Value
10.75
Upside
RiverNorthDoubleLine is very steady asset. RiverNorthDoubleLine holds recent Real Value of $10.33 per share. The prevailing price of the fund is $10.32. 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.
Horizon     30 Days    Login   to change
RiverNorthDoubleLine Strategic is rated top fund in cash position weight among similar funds. It is rated fifth largest fund in three year return among similar funds reporting about  0.66  of Three Year Return per Cash Position Weight. The ratio of Cash Position Weight to Three Year Return for RiverNorthDoubleLine Strategic is roughly  1.52 

Valuation Basics

RiverNorthDoubleLine Enterprise Value Fundamentals

Annual Report Expense Ratio1.70%
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