RiverNorth Flexible Financials
| RFMZ Etf | USD 13.95 0.05 0.36% |
PE Ratio 10.687 | Payout Ratio 1.6454 | Short Ratio 0.1 |
RiverNorth |
The data published in RiverNorth Flexible's official financial statements typically reflect RiverNorth Flexible's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving RiverNorth Flexible's quantitative information. For example, before you start analyzing numbers published by RiverNorth accountants, it's essential to understand RiverNorth Flexible's liquidity, profitability, and earnings quality within the context of the Financial Services space in which it operates.
Please note, the imprecision that can be found in RiverNorth Flexible's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of RiverNorth Flexible Municipalome. Check RiverNorth Flexible's Beneish M Score to see the likelihood of RiverNorth Flexible's management manipulating its earnings.
RiverNorth Flexible Etf Summary
RiverNorth Flexible competes with RiverNorth Flexible, Blackrock Muniholdings, MFS Investment, Munivest Fund, and Blackrock Muniholdings. RiverNorth Flexible is entity of United States. It is traded as Etf on NYSE exchange.Specialization | Financials, Financial Services |
| Instrument | USA Etf View All |
| Exchange | New York Stock Exchange |
| CUSIP | 76883Y107 |
| Region | Others |
| Investment Issuer | Others |
| Location | Illinois; U.S.A |
| Business Address | 325 North LaSalle |
| Etf Family | Financial Services |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | 312 832 1440 |
| Currency | USD - US Dollar |
RiverNorth Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining RiverNorth Flexible's current stock value. Our valuation model uses many indicators to compare RiverNorth Flexible value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across RiverNorth Flexible competition to find correlations between indicators driving RiverNorth Flexible's intrinsic value. More Info.RiverNorth Flexible Municipalome is rated below average in price to book as compared to similar ETFs. It is rated fourth largest ETF in price to sales as compared to similar ETFs fabricating about 11.90 of Price To Sales per Price To Book. 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 Flexible's earnings, one of the primary drivers of an investment's value.RiverNorth Flexible Systematic Risk
RiverNorth Flexible's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. RiverNorth Flexible volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on RiverNorth Flexible correlated with the market. If Beta is less than 0 RiverNorth Flexible generally moves in the opposite direction as compared to the market. If RiverNorth Flexible Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one RiverNorth Flexible is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of RiverNorth Flexible is generally in the same direction as the market. If Beta > 1 RiverNorth Flexible moves generally in the same direction as, but more than the movement of the benchmark.
RiverNorth Flexible November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of RiverNorth Flexible help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of RiverNorth Flexible Municipalome. We use our internally-developed statistical techniques to arrive at the intrinsic value of RiverNorth Flexible Municipalome based on widely used predictive technical indicators. In general, we focus on analyzing RiverNorth Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build RiverNorth Flexible's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.6266 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.66 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.6988 |
Other Information on Investing in RiverNorth Etf
RiverNorth Flexible financial ratios help investors to determine whether RiverNorth 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 RiverNorth with respect to the benefits of owning RiverNorth Flexible security.