RiverNorthDoubleLine Ebit Per Revenue from 2010 to 2024
| OPP Etf | USD 8.53 0.03 0.35% |
Check RiverNorthDoubleLine financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among RiverNorthDoubleLine's main balance sheet or income statement drivers, such as , as well as many indicators such as . RiverNorthDoubleLine financial statements analysis is a perfect complement when working with RiverNorthDoubleLine Valuation or Volatility modules.
RiverNorthDoubleLine |
About RiverNorthDoubleLine Financial Statements
RiverNorthDoubleLine shareholders use historical fundamental indicators, such as Ebit Per Revenue, to determine how well the company is positioned to perform in the future. Although RiverNorthDoubleLine investors may analyze each financial statement separately, they are all interrelated. The changes in RiverNorthDoubleLine's assets and liabilities, for example, are also reflected in the revenues and expenses on on RiverNorthDoubleLine's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
RiverNorthDoubleLine Strategic Opportunity Fund, Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorthDoubleLine Strategic Opportunity Fund, Inc. was formed on December 30, 2010 and is domiciled in the United States.
Pair Trading with RiverNorthDoubleLine
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RiverNorthDoubleLine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RiverNorthDoubleLine will appreciate offsetting losses from the drop in the long position's value.Moving against RiverNorthDoubleLine Etf
| 0.87 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.82 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.78 | CIRC | JPMorgan | PairCorr |
| 0.76 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.75 | DIS | Walt Disney Sell-off Trend | PairCorr |
The ability to find closely correlated positions to RiverNorthDoubleLine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RiverNorthDoubleLine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RiverNorthDoubleLine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RiverNorthDoubleLine Strategic Opportunity to buy it.
The correlation of RiverNorthDoubleLine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RiverNorthDoubleLine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RiverNorthDoubleLine moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RiverNorthDoubleLine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in RiverNorthDoubleLine Etf
RiverNorthDoubleLine financial ratios help investors to determine whether RiverNorthDoubleLine Etf 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.