Rivernorthdoubleline Competition

RNDLX Fund

USD 8.90 0.02 0.23%

Rivernorthdoubleline competes with American Beacon, American Beacon, Sierra Strategic, Sierra Strategic, and First Trust; as well as few others. The fund is listed under Multisector Bond category and is part of RiverNorth Funds family. Analyzing Rivernorthdoubleline competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Rivernorthdoubleline to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Rivernorthdoubleline Correlation with its peers.

Rivernorthdoubleline vs Payden Equity Correlation

Very poor diversification

The correlation between Rivernorthdoubleline Strategic and PYVSX is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rivernorthdoubleline Strategic and PYVSX in the same portfolio, assuming nothing else is changed.

Moving together with Rivernorthdoubleline Mutual Fund

0.94	RNHIX	Rivernorthoaktree High	Pair Corr
0.94	RNOTX	Rivernorthoaktree High	Pair Corr
0.99	RNSIX	Rivernorthdoubleline	Pair Corr
0.91	PONAX	Pimco Income	Pair Corr

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Hype

Prediction

Low	Estimated	High
8.77	8.90	9.03

Details

Intrinsic

Valuation

Low	Real	High
8.04	8.17	9.79

Details

Rivernorthdoubleline Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Rivernorthdoubleline and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Rivernorthdoubleline and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Rivernorthdoubleline does not affect the price movement of the other competitor.

	ABCVX	AGEPX	SSIRX	SSIZX	FPF	PYVAX	NRIAX	NRICX	NRIIX	PYVSX
ABCVX		0.91	0.91	0.9	0.85	0.93	0.95	0.95	0.96	0.93	ABCVX
AGEPX	0.91		0.97	0.96	0.85	0.91	0.95	0.95	0.95	0.91	AGEPX
SSIRX	0.91	0.97		0.97	0.86	0.91	0.92	0.92	0.94	0.91	SSIRX
SSIZX	0.9	0.96	0.97		0.87	0.9	0.93	0.93	0.94	0.9	SSIZX
FPF	0.85	0.85	0.86	0.87		0.81	0.89	0.89	0.89	0.81	FPF
PYVAX	0.93	0.91	0.91	0.9	0.81		0.89	0.89	0.91	1.0	PYVAX
NRIAX	0.95	0.95	0.92	0.93	0.89	0.89		1.0	0.99	0.89	NRIAX
NRICX	0.95	0.95	0.92	0.93	0.89	0.89	1.0		0.99	0.89	NRICX
NRIIX	0.96	0.95	0.94	0.94	0.89	0.91	0.99	0.99		0.91	NRIIX
PYVSX	0.93	0.91	0.91	0.9	0.81	1.0	0.89	0.89	0.91		PYVSX
	ABCVX	AGEPX	SSIRX	SSIZX	FPF	PYVAX	NRIAX	NRICX	NRIIX	PYVSX

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Risk-Adjusted Indicators

There is a big difference between Rivernorthdoubleline Mutual Fund performing well and Rivernorthdoubleline Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Rivernorthdoubleline's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABCVX	0.54	0.08	0.07	0.20	0.56	(0.59)	1.04	(1.18)	3.27
AGEPX	0.15	0.09	0.03	1.28	0.00	(0.24)	0.39	(0.14)	1.36
SSIRX	0.09	0.01	(0.40)	0.24	0.00	(0.12)	0.20	(0.15)	0.51
SSIZX	0.10	0.01	(0.45)	0.48	0.00	(0.12)	0.20	(0.20)	0.46
FPF	0.28	0.01	(0.11)	0.12	0.34	(0.31)	0.61	(0.76)	2.00
PYVAX	0.49	0.03	0.00	0.13	0.52	(0.54)	1.00	(1.12)	2.77
NRIAX	0.21	0.08	(0.01)	(71.27)	0.00	(0.25)	0.49	(0.44)	1.22
NRICX	0.21	0.08	(0.02)	(47.23)	0.00	(0.24)	0.50	(0.45)	1.17
NRIIX	0.22	0.07	(0.01)	0.67	0.00	(0.26)	0.50	(0.41)	1.27
PYVSX	0.49	0.03	0.01	0.13	0.51	(0.55)	0.99	(1.11)	2.82

Rivernorthdoubleline Competitive Analysis

The better you understand Rivernorthdoubleline competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Rivernorthdoubleline's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Rivernorthdoubleline's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	RNDLX	ABCVX	AGEPX	SSIRX	SSIZX	FPF	PYVAX	NRIAX	NRICX	NRIIX
	0.23 8.90 Rivernorthdoubleline	0.23 21.86 American	0.26 7.78 American	0.15 19.83 Sierra	0.15 19.90 Sierra	0.32 18.89 First	0.28 17.69 Payden	0.35 23.04 Nuveen	0.35 23.05 Nuveen	0.43 23.15 Nuveen
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Good	High	Solid	Good	Fair	Good	Solid	Solid	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Under Valued	Over Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Buy	Hold	Hold	Hold	Strong Buy	Strong Buy	Hold	Hold	Hold
Net Asset	1.15 B	1.1 B	1.69 B	1.14 B	1.17 B	N/A	1.04 B	1.17 B	1.15 B	1.97 B
Minimum Initial Investment	5 K	N/A	N/A	100 K	N/A	N/A	N/A	N/A	N/A	100 K
Price To Book	0.75	2.72	N/A	1.58	1.58	N/A	2.87	1.33	1.46	1.25
Five Year Return	2.32	9.32	8.35	1.59	1.23	3.61	9.45	5.35	4.68	5.61
One Year Return	6.46	17.5	19.88	4.05	3.6	11.41	11.33	13.59	12.57	13.82
Last Dividend Paid	0.03	0.03	0.05	0.05	0.04	1.35	0.09	0.08	0.06	0.08
Price To Earning	36.79	19.21	N/A	16.67	16.67	4.48	17.78	19.66	19.91	19.15
Beta	N/A	N/A	N/A	N/A	N/A	0.38	N/A	N/A	N/A	N/A
Price To Sales	3.29	2.64	N/A	1.08	1.08	N/A	2.23	2.12	2.14	1.9
Cash Position Weight	19.55	4.39	14.43	26.71	99.73	N/A	4.23	1.69	1.69	3.17
Equity Positions Weight	0.35	95.61	0.03	2.13	0.01	N/A	94.53	50.89	50.89	56.19
Three Year Return	6.71	11.58	15.69	3.9	3.26	7.35	12.09	8.06	6.85	8.33
Annual Yield	0.0628	0.0123	0.12	0.0491	0.0449	0.006	0.0092	0.0554	0.0489	0.0578
Year To Date Return	0.64	7.62	3.55	1.03	0.81	0.8	4.85	3.77	2.84	3.75
Bond Positions Weight	75.18	N/A	84.79	57.78	0.03	N/A	N/A	7.98	7.98	21.46
Ten Year Return	N/A	N/A	N/A	N/A	N/A	N/A	10.89	N/A	N/A	N/A
Day Typical Price	8.9	21.86	7.78	19.83	19.9	18.88	17.69	23.04	23.05	23.15
Accumulation Distribution	N/A	N/A	N/A	N/A	N/A	391.14	N/A	N/A	N/A	N/A
Daily Balance Of Power	9.2 T	0	9.2 T	9.2 T	9.2 T	0.75	0	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.02	(0.05)	0.02	0.03	0.03	0.06	(0.05)	0.08	0.08	0.1
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	8.9	21.86	7.78	19.83	19.9	18.87	17.69	23.04	23.05	23.15
Price Action Indicator	0.01	(0.03)	0.01	0.015	0.015	0.05	(0.03)	0.04	0.04	0.05
Coefficient Of Variation	504.08	478.52	211.08	406.38	479.71	908.98	645.42	308.63	316.26	310.1
Mean Deviation	0.1035	0.5449	0.1479	0.0926	0.0962	0.2843	0.4863	0.2146	0.2119	0.2204
Jensen Alpha	0.0103	0.079	0.085	0.0126	0.0128	0.0104	0.0326	0.0785	0.0757	0.0702
Total Risk Alpha	0.0024	0.0637	0.0689	0.0071	0.0028	(0.01)	0.0219	0.0502	0.0476	0.0512
Sortino Ratio	(0.41)	0.0699	0.0334	(0.40)	(0.45)	(0.11)	0.0043	(0.01)	(0.02)	(0.01)
Downside Variance	0.0266	0.5732	0.0613	0.0244	0.0222	0.2074	0.4456	0.0941	0.0949	0.0944
Standard Deviation	0.1303	0.6967	0.213	0.1194	0.1219	0.3914	0.6166	0.2728	0.2706	0.2793
Kurtosis	(0.29)	0.4664	4.95	0.9952	(0.02)	0.9511	0.1256	(0.12)	(0.11)	(0.14)
Potential Upside	0.2275	1.04	0.3947	0.2044	0.2042	0.6104	1.0	0.4854	0.5021	0.5032
Treynor Ratio	0.2347	0.1979	1.28	0.2353	0.4787	0.1205	0.1335	(71.27)	(47.23)	0.6678
Maximum Drawdown	0.5699	3.27	1.36	0.5127	0.4592	2.0	2.77	1.22	1.17	1.27
Variance	0.017	0.4853	0.0454	0.0143	0.0149	0.1532	0.3802	0.0744	0.0732	0.078
Market Risk Adjusted Performance	0.2447	0.2079	1.29	0.2453	0.4887	0.1305	0.1435	(71.26)	(47.22)	0.6778
Risk Adjusted Performance	0.1074	0.1658	0.3517	0.14	0.1112	0.0776	0.1211	0.2401	0.2336	0.2395
Skewness	(0.01)	(0.58)	1.06	(0.72)	(0.43)	(0.47)	(0.47)	(0.38)	(0.42)	(0.44)
Semi Deviation	0.0	0.5564	0.0	0.0	0.0	0.3384	0.5222	0.0	0.0	0.0
Information Ratio	(0.51)	0.076	0.0389	(0.53)	(0.55)	(0.13)	0.0047	(0.02)	(0.03)	(0.01)
Value At Risk	(0.23)	(1.18)	(0.14)	(0.15)	(0.20)	(0.76)	(1.12)	(0.44)	(0.45)	(0.41)
Expected Short fall	(0.16)	(0.59)	(0.24)	(0.12)	(0.12)	(0.31)	(0.54)	(0.25)	(0.24)	(0.26)
Downside Deviation	0.1629	0.7571	0.2475	0.1562	0.149	0.4554	0.6675	0.3067	0.3081	0.3072
Semi Variance	(0.02)	0.3096	(0.09)	(0.02)	(0.01)	0.1145	0.2727	(0.03)	(0.03)	(0.03)

Rivernorthdoubleline Competition Performance Charts

Five steps to successful analysis of Rivernorthdoubleline Competition

Rivernorthdoubleline's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Rivernorthdoubleline in relation to its competition. Rivernorthdoubleline's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Rivernorthdoubleline in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Rivernorthdoubleline's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Rivernorthdoubleline, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Rivernorthdoubleline position

In addition to having Rivernorthdoubleline in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Financial advisors frequently recommend that individuals diversify their investment portfolios with a mix of different types of stocks. These can include blue-chip stocks, growth stocks, and dividend stocks. The Adviser Favorites theme has 17 constituents at this time.

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Other Information on Investing in Rivernorthdoubleline Mutual Fund

Rivernorthdoubleline financial ratios help investors to determine whether Rivernorthdoubleline Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rivernorthdoubleline with respect to the benefits of owning Rivernorthdoubleline security.

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