Rivernorthoaktree High Income Fund Quote
| RNHIX Fund | USD 8.73 0.02 0.23% |
Performance7 of 100
| Odds Of DistressLess than 20
|
Rivernorth/oaktree is trading at 8.73 as of the 24th of April 2024; that is 0.23 percent increase since the beginning of the trading day. The fund's open price was 8.71. Rivernorth/oaktree has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Rivernorthoaktree High Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund will invest at least 80 percent of its assets in income-producing securities and instruments including, but not limited to, corporate bonds , government-issued bonds, convertible bonds, preferred stocks, senior loans , and shares of closed-end funds, exchange-traded funds and other investment companies that invest principally in fixed income securities.. More on Rivernorthoaktree High Income
Moving together with Rivernorth/oaktree Mutual Fund
| 0.9 | RNDLX | Rivernorthdoubleline | PairCorr |
| 0.95 | RNCIX | Rivernorth E Opportunity | PairCorr |
| 0.95 | RNCOX | Rivernorth E Opportunity | PairCorr |
| 1.0 | RNOTX | Rivernorthoaktree High | PairCorr |
| 0.9 | RNSIX | Rivernorthdoubleline | PairCorr |
| 0.83 | VWEAX | Vanguard High Yield | PairCorr |
Rivernorth/oaktree Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Rivernorth/oaktree's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Rivernorth/oaktree or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | RiverNorth Funds, Large Value Funds, High Yield Bond Funds, High Yield Bond, RiverNorth Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of January 2023 |
| Fiscal Year End | September |
Rivernorthoaktree High Income [RNHIX] is traded in USA and was established 24th of April 2024. Rivernorth/oaktree is listed under RiverNorth Funds category by Fama And French industry classification. The fund is listed under High Yield Bond category and is part of RiverNorth Funds family. This fund at this time has accumulated 54.91 M in assets with minimum initial investment of 100 K. Rivernorthoaktree High is currently producing year-to-date (YTD) return of 0.43% with the current yeild of 0.0%, while the total return for the last 3 years was 2.57%.
Check Rivernorth/oaktree Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Rivernorth/oaktree Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Rivernorth/oaktree Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Rivernorthoaktree High Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Rivernorthoaktree High Income Mutual Fund Constituents
| HFRO | Highland Floating Rate | Fund | Asset Management |
| VVR | Invesco Senior Income | Fund | Asset Management |
| RA | Brookfield Real Assets | Fund | Asset Management |
| JQC | Nuveen Credit Strategies | Fund | Asset Management |
| JLS | Nuveen Mortgage Opportunity | Etf | Asset Management |
| ISD | Pgim High Yield | Fund | Asset Management |
| HYT | Blackrock Corporate High | Fund | Asset Management |
Rivernorth/oaktree Target Price Odds Analysis
Based on a normal probability distribution, the odds of Rivernorth/oaktree jumping above the current price in 90 days from now is about 41.26%. The Rivernorthoaktree High Income probability density function shows the probability of Rivernorth/oaktree mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Rivernorth/oaktree has a beta of 0.1488 indicating as returns on the market go up, Rivernorth/oaktree average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Rivernorthoaktree High Income will be expected to be much smaller as well. Additionally, rivernorthoaktree High Income has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Rivernorth/oaktree to move above the current price in 90 days from now is about 41.26 (This Rivernorthoaktree High Income probability density function shows the probability of Rivernorth/oaktree Mutual Fund to fall within a particular range of prices over 90 days) .
Rivernorth/oaktree Top Holders
| RNSIX | Rivernorthdoubleline Strategic Income | Mutual Fund | Multisector Bond |
| RNDLX | Rivernorthdoubleline Strategic Income | Mutual Fund | Multisector Bond |
Rivernorthoaktree High Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Rivernorth/oaktree market risk premium is the additional return an investor will receive from holding Rivernorth/oaktree long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Rivernorth/oaktree. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Rivernorth/oaktree's alpha and beta are two of the key measurements used to evaluate Rivernorth/oaktree's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1085 | |||
| Standard Deviation | 0.1419 | |||
| Variance | 0.0201 | |||
| Downside Variance | 0.046 |
Rivernorth/oaktree Against Markets
Picking the right benchmark for Rivernorth/oaktree mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Rivernorth/oaktree mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Rivernorth/oaktree is critical whether you are bullish or bearish towards Rivernorthoaktree High Income at a given time. Please also check how Rivernorth/oaktree's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rivernorth/oaktree without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run My Watchlist Analysis Now
My Watchlist AnalysisAnalyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
| All Next | Launch Module |
How to buy Rivernorth/oaktree Mutual Fund?
Before investing in Rivernorth/oaktree, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Rivernorth/oaktree. To buy Rivernorth/oaktree fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Rivernorth/oaktree. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Rivernorth/oaktree fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Rivernorthoaktree High Income fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Rivernorthoaktree High Income fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Rivernorthoaktree High Income, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Rivernorthoaktree High Income?
The danger of trading Rivernorthoaktree High Income is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Rivernorth/oaktree is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Rivernorth/oaktree. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rivernorthoaktree High is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rivernorthoaktree High Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.