Rivernorth E Opportunity Fund Manager Performance Evaluation
| RNCIX Fund | USD 7.73 0.05 0.65% |
The fund holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rivernorth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rivernorth is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Rivernorth E Opportunity are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Rivernorth is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of January 2023 | |
| Expense Ratio | 3.6700 |
Rivernorth |
Rivernorth Relative Risk vs. Return Landscape
If you would invest 751.00 in Rivernorth E Opportunity on September 2, 2024 and sell it today you would earn a total of 22.00 from holding Rivernorth E Opportunity or generate 2.93% return on investment over 90 days. Rivernorth E Opportunity is currently producing 0.0456% returns and takes up 0.3195% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Rivernorth, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Rivernorth Current Valuation
Fairly Valued
Today
Please note that Rivernorth's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Rivernorth E Opportunity holds a recent Real Value of $7.7 per share. The prevailing price of the fund is $7.73. We determine the value of Rivernorth E Opportunity from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Rivernorth is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Rivernorth Mutual Fund. However, Rivernorth's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 7.73 | Real 7.7 | Hype 7.73 | Naive 7.73 |
The intrinsic value of Rivernorth's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Rivernorth's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Rivernorth E Opportunity helps investors to forecast how Rivernorth mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Rivernorth more accurately as focusing exclusively on Rivernorth's fundamentals will not take into account other important factors: Rivernorth Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rivernorth's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Rivernorth E Opportunity, and traders can use it to determine the average amount a Rivernorth's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1428
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RNCIX |
Estimated Market Risk
| 0.32 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Rivernorth is performing at about 11% 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 by adding it to a well-diversified portfolio.
Rivernorth Fundamentals Growth
Rivernorth Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Rivernorth, and Rivernorth fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Rivernorth Mutual Fund performance.
| Price To Earning | 16.09 X | ||||
| Price To Book | 1.86 X | ||||
| Price To Sales | 1.39 X | ||||
| Total Asset | 27.81 M | ||||
About Rivernorth Performance
Evaluating Rivernorth's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Rivernorth has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Rivernorth has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The funds adviser will allocate the funds investments among equities, fixed income securities, and cash and cash equivalents. The adviser may allocate to the various asset classes either through the purchase of closed-end investment companies , exchange-traded funds and other investment companies or through direct investment in the various securities. To achieve exposure to the asset classes discussed above, it will typically invest more than 50 percent of its assets in underlying funds.Things to note about Rivernorth E Opportunity performance evaluation
Checking the ongoing alerts about Rivernorth for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Rivernorth E Opportunity 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 6.7% of its assets in cash |
- Analyzing Rivernorth's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Rivernorth's stock is overvalued or undervalued compared to its peers.
- Examining Rivernorth's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Rivernorth's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Rivernorth's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Rivernorth's mutual fund. These opinions can provide insight into Rivernorth's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Rivernorth Mutual Fund
Rivernorth financial ratios help investors to determine whether Rivernorth 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 with respect to the benefits of owning Rivernorth security.
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