Rivernorth Opportunistic Municipalome Fund Price on November 29, 2023
| RMI Fund | USD 15.96 0.16 1.01% |
Below is the normalized historical share price chart for Rivernorth Opportunistic Municipalome extending back to October 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Rivernorth Opportunistic stands at 15.96, as last reported on the 29th of November, with the highest price reaching 16.00 and the lowest price hitting 15.79 during the day.
If you're considering investing in Rivernorth Fund, it is important to understand the factors that can impact its price. Rivernorth Opportunistic is very steady at the moment. Rivernorth Opportunistic maintains Sharpe Ratio (i.e., Efficiency) of 0.0713, which implies the entity had a 0.0713% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rivernorth Opportunistic, which you can use to evaluate the volatility of the fund. Please check Rivernorth Opportunistic's Risk Adjusted Performance of 0.0553, semi deviation of 0.452, and Coefficient Of Variation of 1266.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0365%.
Rivernorth Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Rivernorth |
Sharpe Ratio = 0.0713
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RMI |
Estimated Market Risk
| 0.51 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Rivernorth Opportunistic is performing at about 5% 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 Opportunistic by adding it to a well-diversified portfolio.
Market Capitalization 117.3 M |
Rivernorth Opportunistic Valuation on November 29, 2023
It is possible to determine the worth of Rivernorth Opportunistic on a given historical date. On November 29, 2023 Rivernorth was worth 14.22 at the beginning of the trading date compared to the closed value of 14.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rivernorth Opportunistic fund. Still, in general, we apply an absolute valuation method to find Rivernorth Opportunistic'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 Opportunistic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rivernorth Opportunistic's related companies.
| Open | High | Low | Close | Volume | |
| 14.19 | 14.40 | 14.10 | 14.13 | 23,937 | |
11/29/2023 | 14.22 | 14.42 | 14.07 | 14.29 | 30,302 |
| 14.52 | 14.52 | 14.10 | 14.18 | 26,886 |
| Backtest Rivernorth Opportunistic | | | Rivernorth Opportunistic History | | | Rivernorth Opportunistic Valuation | Previous | Next |
Rivernorth Opportunistic Trading Date Momentum on November 29, 2023
| On November 30 2023 Rivernorth Opportunistic Municipalome was traded for 14.18 at the closing time. Highest Rivernorth Opportunistic's price during the trading hours was 14.52 and the lowest price during the day was 14.10 . The net volume was 26.9 K. The overall trading history on the 30th of November contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.77% . The trading delta at closing time to current price is 0.00% . |
Rivernorth Opportunistic Fundamentals Correlations and Trends
By evaluating Rivernorth Opportunistic'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 Opportunistic'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 Opportunistic Fund history
Rivernorth Opportunistic 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 Opportunistic 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 Opportunistic stock prices may prove useful in developing a viable investing in Rivernorth Opportunistic
Rivernorth Opportunistic Fund Technical Analysis
Rivernorth Opportunistic technical fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Rivernorth Opportunistic Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Rivernorth Opportunistic 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 Opportunistic November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Rivernorth Opportunistic fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rivernorth Opportunistic shares will generate the highest return on investment. By undertsting and applying Rivernorth Opportunistic fund market strength indicators, traders can identify Rivernorth Opportunistic Municipalome entry and exit signals to maximize returns
Rivernorth Opportunistic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rivernorth Opportunistic's price direction in advance. Along with the technical and fundamental analysis of Rivernorth Fund 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 | 0.0553 | |||
| Jensen Alpha | 0.0292 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 7.07 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Rivernorth Fund
Rivernorth Opportunistic financial ratios help investors to determine whether Rivernorth 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 Opportunistic security.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |