Rivernorth Managed Duration Etf Price on January 31, 2023
RMMZ Etf | USD 15.63 0.05 0.32% |
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 Managed stands at 15.63, as last reported on the 23rd of November, with the highest price reaching 15.72 and the lowest price hitting 15.56 during the day. RiverNorth Managed maintains Sharpe Ratio (i.e., Efficiency) of -0.0029, which implies the entity had a -0.0029% return per unit of risk over the last 3 months. RiverNorth Managed exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RiverNorth Managed's Variance of 0.2834, coefficient of variation of (7,265), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
RiverNorth Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
RiverNorth |
Sharpe Ratio = -0.0029
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Estimated Market Risk
0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average RiverNorth Managed is not performing at its full potential. However, 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 Managed by adding RiverNorth Managed to a well-diversified portfolio.
Price Book 0.8954 | Price Sales 11.5969 | Shares Outstanding 8.5 M | Market Capitalization 131.7 M | Shares Short Prior Month 7 K |
RiverNorth Managed Main Headline on 31st of January 2023
RiverNorth Managed dividend paid on 31st of January 2023 |
RiverNorth Managed Valuation on January 31, 2023
It is possible to determine the worth of RiverNorth Managed on a given historical date. On January 31, 2023 RiverNorth was worth 14.48 at the beginning of the trading date compared to the closed value of 14.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RiverNorth Managed etf. Still, in general, we apply an absolute valuation method to find RiverNorth Managed'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 Managed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RiverNorth Managed's related companies.
Open | High | Low | Close | Volume | |
14.31 | 14.60 | 14.31 | 14.51 | 12,500 | |
01/31/2023 | 14.48 | 14.48 | 14.14 | 14.32 | 22,600 |
14.38 | 14.47 | 14.15 | 14.33 | 13,400 |
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RiverNorth Managed Trading Date Momentum on January 31, 2023
On February 01 2023 RiverNorth Managed Duration was traded for 14.33 at the closing time. The top price for the day was 14.47 and the lowest listed price was 14.15 . The trading volume for the day was 13.4 K. The trading history from February 1, 2023 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 0.07% . The trading delta at closing time against the current closing price is 1.19% . |
RiverNorth Managed Fundamentals Correlations and Trends
By evaluating RiverNorth Managed'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 Managed'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 Managed Etf history
RiverNorth Managed 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 Managed 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 Managed stock prices may prove useful in developing a viable investing in RiverNorth Managed
RiverNorth Managed Etf Technical Analysis
RiverNorth Managed 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 Managed Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
RiverNorth Managed Duration 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 Managed November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how RiverNorth Managed 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 Managed shares will generate the highest return on investment. By undertsting and applying RiverNorth Managed etf market strength indicators, traders can identify RiverNorth Managed Duration entry and exit signals to maximize returns
RiverNorth Managed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for RiverNorth Managed'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 | (0.01) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.09) | |||
Treynor Ratio | (0.31) |
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Other Information on Investing in RiverNorth Etf
RiverNorth Managed 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 Managed security.