Rivernorthoaktree High Income Fund Market Value
| RNOTX Fund | USD 8.67 0.03 0.34% |
| Symbol | Rivernorthoaktree |
Rivernorthoaktree 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Rivernorthoaktree's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Rivernorthoaktree.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Rivernorthoaktree on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Rivernorthoaktree High Income or generate 0.0% return on investment in Rivernorthoaktree over 30 days. Rivernorthoaktree is related to or competes with Rivernorthdoubleline, Rivernorth, Rivernorth, Rivernorthoaktree, and Rivernorthdoubleline. 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
Rivernorthoaktree Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Rivernorthoaktree's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Rivernorthoaktree High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2507 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 0.6937 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.1157 |
Rivernorthoaktree Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rivernorthoaktree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rivernorthoaktree's standard deviation. In reality, there are many statistical measures that can use Rivernorthoaktree historical prices to predict the future Rivernorthoaktree's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rivernorthoaktree's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Rivernorthoaktree High Backtested Returns
We consider Rivernorthoaktree very steady. Rivernorthoaktree High maintains Sharpe Ratio (i.e., Efficiency) of 0.0277, which implies the entity had a 0.0277% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rivernorthoaktree High, which you can use to evaluate the volatility of the fund. Please check Rivernorthoaktree's Semi Deviation of 0.1343, coefficient of variation of 7883.68, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0038%. The fund holds a Beta of 0.0277, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rivernorthoaktree's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rivernorthoaktree is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Rivernorthoaktree High Income has good predictability. Overlapping area represents the amount of predictability between Rivernorthoaktree time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Rivernorthoaktree High price movement. The serial correlation of 0.74 indicates that around 74.0% of current Rivernorthoaktree price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rivernorthoaktree High lagged returns against current returns
Autocorrelation, which is Rivernorthoaktree mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Rivernorthoaktree's mutual fund expected returns. We can calculate the autocorrelation of Rivernorthoaktree returns to help us make a trade decision. For example, suppose you find that Rivernorthoaktree has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Rivernorthoaktree regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Rivernorthoaktree mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rivernorthoaktree mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rivernorthoaktree mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rivernorthoaktree Lagged Returns
When evaluating Rivernorthoaktree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rivernorthoaktree mutual fund have on its future price. Rivernorthoaktree autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Rivernorthoaktree autocorrelation shows the relationship between Rivernorthoaktree mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rivernorthoaktree High Income.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Rivernorthoaktree Correlation, Rivernorthoaktree Volatility and Rivernorthoaktree Alpha and Beta module to complement your research on Rivernorthoaktree. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Rivernorthoaktree technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.