Rivernorth Flexible Municipalome Etf Price on October 31, 2024
| RFMZ Etf | USD 13.99 0.01 0.07% |
If you're considering investing in RiverNorth Etf, it is important to understand the factors that can impact its price. As of today, the current price of RiverNorth Flexible stands at 13.99, as last reported on the 26th of November, with the highest price reaching 14.10 and the lowest price hitting 13.96 during the day. At this stage we consider RiverNorth Etf to be very steady. RiverNorth Flexible maintains Sharpe Ratio (i.e., Efficiency) of 0.019, which implies the entity had a 0.019% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for RiverNorth Flexible, which you can use to evaluate the volatility of the etf. Please check RiverNorth Flexible's Semi Deviation of 0.5671, coefficient of variation of 3089.73, and Risk Adjusted Performance of 0.0209 to confirm if the risk estimate we provide is consistent with the expected return of 0.0106%.
RiverNorth Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
RiverNorth |
Sharpe Ratio = 0.019
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| Negative Returns | RFMZ |
Estimated Market Risk
| 0.56 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average RiverNorth Flexible is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of RiverNorth Flexible by adding it to a well-diversified portfolio.
Price Book 0.8955 | Price Sales 10.6538 | Shares Outstanding 24.4 M | Market Capitalization 340.3 M | Shares Short Prior Month 698 |
RiverNorth Flexible Main Headline on 31st of October 2024
RiverNorth Flexible dividend paid on 31st of October 2024 |
RiverNorth Flexible Valuation on October 31, 2024
It is possible to determine the worth of RiverNorth Flexible on a given historical date. On October 31, 2024 RiverNorth was worth 13.93 at the beginning of the trading date compared to the closed value of 13.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RiverNorth Flexible etf. Still, in general, we apply an absolute valuation method to find RiverNorth Flexible's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of RiverNorth Flexible where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RiverNorth Flexible's related companies.
| Open | High | Low | Close | Volume | |
| 13.80 | 13.89 | 13.79 | 13.84 | 73,600 | |
10/31/2024 | 13.93 | 13.93 | 13.80 | 13.92 | 91,200 |
| 13.97 | 14.04 | 13.82 | 13.86 | 49,700 |
| Backtest RiverNorth Flexible | | | RiverNorth Flexible History | | | RiverNorth Flexible Valuation | Previous | Next |
RiverNorth Flexible Trading Date Momentum on October 31, 2024
| On November 01 2024 RiverNorth Flexible Municipalome was traded for 13.86 at the closing time. The top price for the day was 14.04 and the lowest listed price was 13.82 . The trading volume for the day was 49.7 K. The trading history from November 1, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.43% . The trading delta at closing time against the current closing price is 1.29% . |
RiverNorth Flexible Fundamentals Correlations and Trends
By evaluating RiverNorth Flexible's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among RiverNorth Flexible's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. RiverNorth financial account trend analysis is a perfect complement when working with valuation or volatility modules.About RiverNorth Flexible Etf history
RiverNorth Flexible investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for RiverNorth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RiverNorth Flexible will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing RiverNorth Flexible stock prices may prove useful in developing a viable investing in RiverNorth Flexible
RiverNorth Flexible Etf Technical Analysis
RiverNorth Flexible technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
RiverNorth Flexible Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
RiverNorth Flexible Municipalome cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
RiverNorth Flexible November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how RiverNorth Flexible etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RiverNorth Flexible shares will generate the highest return on investment. By undertsting and applying RiverNorth Flexible etf market strength indicators, traders can identify RiverNorth Flexible Municipalome entry and exit signals to maximize returns
RiverNorth Flexible Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for RiverNorth Flexible's price direction in advance. Along with the technical and fundamental analysis of RiverNorth Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of RiverNorth to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0209 | |||
| Jensen Alpha | 0.0098 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.50) |
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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.