Rivernorthdoubleline Strategic Income Fund Manager Performance Evaluation
| RNSIX Fund | USD 8.91 0.02 0.22% |
The fund holds a Beta of -0.0062, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rnsix are expected to decrease at a much lower rate. During the bear market, Rnsix is likely to outperform the market.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Rivernorthdoubleline Strategic Income are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Rnsix 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 | 1.4700 |
Rnsix |
Rnsix Relative Risk vs. Return Landscape
If you would invest 888.00 in Rivernorthdoubleline Strategic Income on August 31, 2024 and sell it today you would earn a total of 3.00 from holding Rivernorthdoubleline Strategic Income or generate 0.34% return on investment over 90 days. Rivernorthdoubleline Strategic Income is currently producing 0.0056% returns and takes up 0.2175% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Rnsix, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Rnsix Current Valuation
Fairly Valued
Today
Please note that Rnsix's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Rivernorthdoubleline holds a recent Real Value of $8.87 per share. The prevailing price of the fund is $8.91. We determine the value of Rivernorthdoubleline 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 Rnsix is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Rnsix Mutual Fund. However, Rnsix'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 8.91 | Real 8.87 | Hype 8.91 | Naive 8.93 |
The intrinsic value of Rnsix'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 Rnsix'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 Rivernorthdoubleline Strategic Income helps investors to forecast how Rnsix 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 Rnsix more accurately as focusing exclusively on Rnsix's fundamentals will not take into account other important factors: Rnsix Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rnsix's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Rivernorthdoubleline Strategic Income, and traders can use it to determine the average amount a Rnsix'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 = 0.0257
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RNSIX |
Estimated Market Risk
| 0.22 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Rnsix is performing at about 2% 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 Rnsix by adding it to a well-diversified portfolio.
Rnsix Fundamentals Growth
Rnsix Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Rnsix, and Rnsix 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 Rnsix Mutual Fund performance.
| Price To Earning | 36.79 X | ||||
| Price To Book | 0.75 X | ||||
| Price To Sales | 3.29 X | ||||
| Total Asset | 1.22 B | ||||
About Rnsix Performance
Evaluating Rnsix's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Rnsix 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 Rnsix 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 allocates the funds assets among three principal strategies Tactical Closed-end Fund Income strategy, Core Fixed Income strategy, and Opportunistic Income strategy. The amount allocated to each of the principal strategies may change depending on the advisers assessment of market risk, security valuations, market volatility, and the prospects for earning income and total return.Things to note about Rivernorthdoubleline performance evaluation
Checking the ongoing alerts about Rnsix for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Rivernorthdoubleline help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Franklin Federal Limited-Term Tax-Free Income Fund Q3 2024 Commentary - Seeking Alpha | |
| The fund maintains about 7.96% of its assets in cash |
- Analyzing Rnsix'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 Rnsix's stock is overvalued or undervalued compared to its peers.
- Examining Rnsix'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 Rnsix's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Rnsix's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Rnsix's mutual fund. These opinions can provide insight into Rnsix's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Rnsix Mutual Fund
Rnsix financial ratios help investors to determine whether Rnsix 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 Rnsix with respect to the benefits of owning Rnsix security.
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