Rivernorthoaktree High Income Fund Probability of Future Mutual Fund Price Finishing Under 8.83
| RNOTX Fund | USD 8.90 0.02 0.23% |
Rivernorth/oaktree |
Rivernorth/oaktree Target Price Odds to finish below 8.83
The tendency of Rivernorth/oaktree Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 8.83 or more in 90 days |
| 8.90 | 90 days | 8.83 | about 47.68 |
Based on a normal probability distribution, the odds of Rivernorth/oaktree to drop to $ 8.83 or more in 90 days from now is about 47.68 (This Rivernorthoaktree High Income probability density function shows the probability of Rivernorth/oaktree Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Rivernorthoaktree High price to stay between $ 8.83 and its current price of $8.9 at the end of the 90-day period is about 46.76 .
Assuming the 90 days horizon Rivernorth/oaktree has a beta of 0.0577 indicating as returns on the market go up, Rivernorth/oaktree average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Rivernorthoaktree High Income will be expected to be much smaller as well. Additionally Rivernorthoaktree High Income has an alpha of 0.0089, implying that it can generate a 0.008889 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Rivernorth/oaktree Price Density |
| Price |
Predictive Modules for Rivernorth/oaktree
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rivernorthoaktree High. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rivernorth/oaktree'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.
Rivernorth/oaktree Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Rivernorth/oaktree is not an exception. The market had few large corrections towards the Rivernorth/oaktree's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Rivernorthoaktree High Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Rivernorth/oaktree within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.06 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -1.13 |
Rivernorth/oaktree Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Rivernorth/oaktree for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Rivernorthoaktree High can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund maintains about 18.59% of its assets in cash |
Rivernorth/oaktree Technical Analysis
Rivernorth/oaktree's future price can be derived by breaking down and analyzing its technical indicators over time. Rivernorth/oaktree Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Rivernorthoaktree High Income. In general, you should focus on analyzing Rivernorth/oaktree Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Rivernorth/oaktree Predictive Forecast Models
Rivernorth/oaktree's time-series forecasting models is one of many Rivernorth/oaktree's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Rivernorth/oaktree's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Rivernorthoaktree High
Checking the ongoing alerts about Rivernorth/oaktree for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Rivernorthoaktree High help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund maintains about 18.59% of its assets in cash |
Other Information on Investing in Rivernorth/oaktree Mutual Fund
Rivernorth/oaktree financial ratios help investors to determine whether Rivernorth/oaktree 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/oaktree with respect to the benefits of owning Rivernorth/oaktree security.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |