Rivernorthdoubleline Strategic Opportunity Etf Current Valuation
| OPP Etf | USD 8.47 0.02 0.24% |
Valuation analysis of RiverNorthDoubleLine helps investors to measure RiverNorthDoubleLine's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that RiverNorthDoubleLine's price fluctuation is very steady at this time. Calculation of the real value of RiverNorthDoubleLine is based on 3 months time horizon. Increasing RiverNorthDoubleLine's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
RiverNorthDoubleLine's intrinsic value may or may not be the same as its current market price of 8.47, 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 8.47 | Real 8.52 | Hype 8.47 | Naive 8.5 |
The intrinsic value of RiverNorthDoubleLine'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 RiverNorthDoubleLine'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 Opportunity helps investors to forecast how RiverNorthDoubleLine etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of RiverNorthDoubleLine more accurately as focusing exclusively on RiverNorthDoubleLine's fundamentals will not take into account other important factors: RiverNorthDoubleLine Strategic Opportunity ETF Current Valuation Analysis
RiverNorthDoubleLine's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, RiverNorthDoubleLine Strategic Opportunity has a Current Valuation of 0.0. This indicator is about the same for the Financial Services average (which is currently at 0.0) family and about the same as Asset Management (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
RiverNorthDoubleLine Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RiverNorthDoubleLine's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of RiverNorthDoubleLine could also be used in its relative valuation, which is a method of valuing RiverNorthDoubleLine by comparing valuation metrics of similar companies.RiverNorthDoubleLine is currently under evaluation in current valuation as compared to similar ETFs.
RiverNorthDoubleLine Fundamentals
| Shares Outstanding | 19.22 M | ||||
| Shares Owned By Institutions | 29.15 % | ||||
| Number Of Shares Shorted | 20.44 K | ||||
| Price To Earning | 6.11 X | ||||
| Short Ratio | 0.12 X | ||||
| Earnings Per Share | 1.42 X | ||||
| Beta | 0.09 | ||||
| Market Capitalization | 165.57 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 8.01 % | ||||
| One Year Return | 15.14 % | ||||
| Three Year Return | (0.96) % | ||||
| Five Year Return | 0.83 % | ||||
| Last Dividend Paid | 1.77 |
About RiverNorthDoubleLine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RiverNorthDoubleLine Strategic Opportunity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RiverNorthDoubleLine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RiverNorthDoubleLine Strategic Opportunity based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with RiverNorthDoubleLine
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RiverNorthDoubleLine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RiverNorthDoubleLine will appreciate offsetting losses from the drop in the long position's value.Moving against RiverNorthDoubleLine Etf
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The ability to find closely correlated positions to RiverNorthDoubleLine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RiverNorthDoubleLine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RiverNorthDoubleLine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RiverNorthDoubleLine Strategic Opportunity to buy it.
The correlation of RiverNorthDoubleLine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RiverNorthDoubleLine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RiverNorthDoubleLine moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RiverNorthDoubleLine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in RiverNorthDoubleLine Etf
RiverNorthDoubleLine financial ratios help investors to determine whether RiverNorthDoubleLine 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 RiverNorthDoubleLine with respect to the benefits of owning RiverNorthDoubleLine security.