RiverNorthDoubleLine Probability of Target Price Finishing Over Current Price

RNDLX -- USA Fund  

USD 10.32  0.02  0.19%

RiverNorthDoubleLine probability of target price tool provides mechanism to make assumptions about upside and downside potential of RiverNorthDoubleLine Strategic performance during a given time horizon utilizing its historical volatility. Please specify RiverNorthDoubleLine time horizon, a valid symbol (red box) and a target price (blue box) you would like RiverNorthDoubleLine odds to be computed. Additionally take a look at RiverNorthDoubleLine Backtesting, Portfolio Optimization, RiverNorthDoubleLine Correlation, RiverNorthDoubleLine Hype Analysis, RiverNorthDoubleLine Volatility, RiverNorthDoubleLine History as well as RiverNorthDoubleLine Performance.
Horizon     30 Days    Login   to change
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RiverNorthDoubleLine Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 10.32 30 days 10.32 
about 78.78
Based on normal probability distribution, the odds of RiverNorthDoubleLine to move above current price in 30 days from now is about 78.78 (This RiverNorthDoubleLine Strategic probability density function shows the probability of RiverNorthDoubleLine Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, RiverNorthDoubleLine Strategic has beta of -0.0467 . This implies as returns on benchmark increase, returns on holding RiverNorthDoubleLine are expected to decrease at a much smaller rate. During bear market, however, RiverNorthDoubleLine Strategic is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. RiverNorthDoubleLine is significantly underperforming DOW.
 RiverNorthDoubleLine Price Density 
      Price 
α
Alpha over DOW
=0.0028
β
Beta against DOW=0.05
σ
Overall volatility
=0.02504
Ir
Information ratio =0.94

RiverNorthDoubleLine Alerts and Suggestions

Latest headline from www.marketwatch.com: Bargains in the 1.1 trillion leveraged loan market arent big enough yet for largest investors - MarketWatch
The fund maintains about 11.66% of its assets in cash

RiverNorthDoubleLinePrice Density Drivers

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