Rivernorth Financial Statements From 2010 to 2024
| RNCOX Fund | USD 7.70 0.01 0.13% |
Check Rivernorth financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Rivernorth's main balance sheet or income statement drivers, such as , as well as many indicators such as . Rivernorth financial statements analysis is a perfect complement when working with Rivernorth Valuation or Volatility modules.
Rivernorth |
Rivernorth E Opportunity Mutual Fund Price To Earning Analysis
Rivernorth's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. 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.
Current Rivernorth Price To Earning | 17.36 X |
Most of Rivernorth's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Rivernorth E Opportunity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Rivernorth E Opportunity has a Price To Earning of 17.36 times. This is much higher than that of the RiverNorth Funds family and significantly higher than that of the Allocation--50% to 70% Equity category. The price to earning for all United States funds is notably lower than that of the firm.
Rivernorth E Opportunity Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Rivernorth's current stock value. Our valuation model uses many indicators to compare Rivernorth value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Rivernorth competition to find correlations between indicators driving Rivernorth's intrinsic value. More Info.Rivernorth E Opportunity is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Rivernorth E Opportunity is roughly 10.46 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Rivernorth's earnings, one of the primary drivers of an investment's value.About Rivernorth Financial Statements
Rivernorth investors use historical fundamental indicators, such as Rivernorth's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Rivernorth. Please read more on our technical analysis and fundamental analysis pages.
The funds adviser will allocate the funds investments among equities, fixed income securities, and cash and cash equivalents. The adviser may allocate to the various asset classes either through the purchase of closed-end investment companies , exchange-traded funds and other investment companies or through direct investment in the various securities. To achieve exposure to the asset classes discussed above, it will typically invest more than 50 percent of its assets in underlying funds.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Rivernorth Mutual Fund
Rivernorth financial ratios help investors to determine whether Rivernorth 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 Rivernorth with respect to the benefits of owning Rivernorth security.
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