Rivernorthdoubleline Strategic Opportunity Etf Buy Hold or Sell Recommendation
| OPP Etf | USD 8.47 0.02 0.24% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding RiverNorthDoubleLine Strategic Opportunity is 'Cautious Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell RiverNorthDoubleLine Strategic Opportunity given historical horizon and risk tolerance towards RiverNorthDoubleLine. When Macroaxis issues a 'buy' or 'sell' recommendation for RiverNorthDoubleLine Strategic Opportunity, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out RiverNorthDoubleLine Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as RiverNorthDoubleLine and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards RiverNorthDoubleLine Strategic Opportunity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
RiverNorthDoubleLine |
Execute RiverNorthDoubleLine Buy or Sell Advice
The RiverNorthDoubleLine recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on RiverNorthDoubleLine Strategic Opportunity. Macroaxis does not own or have any residual interests in RiverNorthDoubleLine Strategic Opportunity or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute RiverNorthDoubleLine's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
RiverNorthDoubleLine Trading Alerts and Improvement Suggestions
| RiverNorthDoubleLine generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Nifty sulking but mutual fund investors make up to 8 percent returns with Wall Street funds - MSN | |
| The fund generated three year return of -1.0% |
RiverNorthDoubleLine Returns Distribution Density
The distribution of RiverNorthDoubleLine's historical returns is an attempt to chart the uncertainty of RiverNorthDoubleLine's future price movements. The chart of the probability distribution of RiverNorthDoubleLine daily returns describes the distribution of returns around its average expected value. We use RiverNorthDoubleLine Strategic Opportunity price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of RiverNorthDoubleLine returns is essential to provide solid investment advice for RiverNorthDoubleLine.
| Mean Return | -0.01 | Value At Risk | -0.9 | Potential Upside | 1.14 | Standard Deviation | 0.63 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of RiverNorthDoubleLine historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
RiverNorthDoubleLine Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to RiverNorthDoubleLine or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that RiverNorthDoubleLine's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a RiverNorthDoubleLine etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | -0.23 |
RiverNorthDoubleLine Volatility Alert
RiverNorthDoubleLine Strategic Opportunity exhibits very low volatility with skewness of -0.37 and kurtosis of 1.67. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure RiverNorthDoubleLine's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact RiverNorthDoubleLine's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.RiverNorthDoubleLine Fundamentals Vs Peers
Comparing RiverNorthDoubleLine's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze RiverNorthDoubleLine's direct or indirect competition across all of the common fundamentals between RiverNorthDoubleLine and the related equities. This way, we can detect undervalued stocks with similar characteristics as RiverNorthDoubleLine or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of RiverNorthDoubleLine's fundamental indicators could also be used in its relative valuation, which is a method of valuing RiverNorthDoubleLine by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare RiverNorthDoubleLine to competition |
| Fundamentals | RiverNorthDoubleLine | Peer Average |
| Price To Earning | 6.11 X | 3.15 X |
| Beta | 0.09 | |
| Annual Yield | 0.01 % | 0.28 % |
| Year To Date Return | 8.01 % | (2.35) % |
| One Year Return | 15.14 % | (0.97) % |
| Three Year Return | (0.96) % | 3.23 % |
| Five Year Return | 0.83 % | 1.12 % |
| Last Dividend Paid | 1.77 | 0.14 |
Note: Acquisition by Rivernorth Capital Management, Llc of 29681 shares of RiverNorthDoubleLine at 8.27 subject to Rule 16b-3 [view details]
RiverNorthDoubleLine Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as RiverNorthDoubleLine . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About RiverNorthDoubleLine Buy or Sell Advice
When is the right time to buy or sell RiverNorthDoubleLine Strategic Opportunity? Buying financial instruments such as RiverNorthDoubleLine Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
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.Did You Try This Idea?
Run Realty Funds Thematic Idea Now
Realty Funds
Funds or Etfs investing in real estate backed instruments or issues backed by different types of commercial properties. The Realty Funds theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Realty Funds Theme or any other thematic opportunities.
| View All Next | Launch |
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.