RiverNorthDoubleLine Selected Fundamentals

RNDLX -- USA Fund  

USD 10.34  0.01  0.1%

RiverNorthDoubleLine fundamental analysis lookup allows you to check this and other indicators for RiverNorthDoubleLine Strategic or any other equity instrument. You can also select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please check also Equity Screeners to view more equity screening tools

RiverNorthDoubleLine Price to Earning Analysis

Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investor monitor on a daily basis. Holding a low PE stock is less risky because. When a company's profitability fall, it is likely that earnings will also go down..In other words, if you start from a lower position your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
P/E 
 = 
Market Value Per Share 
Earnings Per Share 
More About Price to Earning | All Equity Analysis
RiverNorthDoubleLine Price to Earning  =
36.79 
ValuationFundamentalsBuy or Sell

About Price to Earning

Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Compare to competition
Based on latest financial disclosure the price to earning indicator of RiverNorthDoubleLine Strategic is roughly 36.79 times. This is much higher than that of the RiverNorth Funds family, and significantly higher than that of Multisector Bond category, The Price to Earning for all funds is notably lower than the firm.

RiverNorthDoubleLine Fundamental Drivers Relationships

RiverNorthDoubleLine Strategic is rated third largest fund in minimum initial investment among similar funds. It is rated below average in bond positions weight among similar funds creating about  0.02  of Bond Positions Weight per Minimum Initial Investment. The ratio of Minimum Initial Investment to Bond Positions Weight for RiverNorthDoubleLine Strategic is roughly  61.21 

RiverNorthDoubleLine Bond Positions Weight Peer Comparison

  Bond Positions Weight 
      RiverNorthDoubleLine Comparables 
RiverNorthDoubleLine is currently under evaluation in bond positions weight among similar funds.

Fund Instrument Allocation for RiverNorthDoubleLine

The fund consists of 81.69% investments in fixed income securities, with the rest of funds allocated in stocks, cash and various exotic instruments.
 Value 
      Instrument Type 

RiverNorthDoubleLine current financial ratios



 
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