Rivernorthdoubleline Strategic Etf Net Income
| OPP Etf | USD 7.90 0.03 0.38% |
As of the 3rd of February, RiverNorthDoubleLine holds the Coefficient Of Variation of 10076.05, semi deviation of 0.5533, and Risk Adjusted Performance of 0.0033. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of RiverNorthDoubleLine, as well as the relationship between them.
Analyzing historical trends in various income statement and balance sheet accounts from RiverNorthDoubleLine's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting RiverNorthDoubleLine's valuation are summarized below:Market Capitalization 165.6 M |
RiverNorthDoubleLine | Build AI portfolio with RiverNorthDoubleLine Etf |
The market value of RiverNorthDoubleLine is measured differently than its book value, which is the value of RiverNorthDoubleLine that is recorded on the company's balance sheet. Investors also form their own opinion of RiverNorthDoubleLine's value that differs from its market value or its book value, called intrinsic value, which is RiverNorthDoubleLine's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because RiverNorthDoubleLine's market value can be influenced by many factors that don't directly affect RiverNorthDoubleLine's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between RiverNorthDoubleLine's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding RiverNorthDoubleLine should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, RiverNorthDoubleLine's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
RiverNorthDoubleLine 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to RiverNorthDoubleLine's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of RiverNorthDoubleLine.
| 11/05/2025 |
| 02/03/2026 |
If you would invest 0.00 in RiverNorthDoubleLine on November 5, 2025 and sell it all today you would earn a total of 0.00 from holding RiverNorthDoubleLine Strategic or generate 0.0% return on investment in RiverNorthDoubleLine over 90 days. RiverNorthDoubleLine is related to or competes with Rivernorth Opportunities, Wells Fargo, Special Opportunities, Cohen, Cohen Steers, TCW Strategic, and Templeton Emerging. RiverNorthDoubleLine Strategic Opportunity Fund, Inc More
RiverNorthDoubleLine Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure RiverNorthDoubleLine's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess RiverNorthDoubleLine Strategic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6685 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.7712 |
RiverNorthDoubleLine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiverNorthDoubleLine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RiverNorthDoubleLine's standard deviation. In reality, there are many statistical measures that can use RiverNorthDoubleLine historical prices to predict the future RiverNorthDoubleLine's volatility.| Risk Adjusted Performance | 0.0033 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.38) |
RiverNorthDoubleLine February 3, 2026 Technical Indicators
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| Risk Adjusted Performance | 0.0033 | |||
| Market Risk Adjusted Performance | (0.37) | |||
| Mean Deviation | 0.3958 | |||
| Semi Deviation | 0.5533 | |||
| Downside Deviation | 0.6685 | |||
| Coefficient Of Variation | 10076.05 | |||
| Standard Deviation | 0.526 | |||
| Variance | 0.2767 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.38) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.7712 | |||
| Downside Variance | 0.4469 | |||
| Semi Variance | 0.3061 | |||
| Expected Short fall | (0.41) | |||
| Skewness | (0.54) | |||
| Kurtosis | 0.3208 |
RiverNorthDoubleLine Backtested Returns
Currently, RiverNorthDoubleLine Strategic is very steady. RiverNorthDoubleLine maintains Sharpe Ratio (i.e., Efficiency) of 0.0244, which implies the entity had a 0.0244 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RiverNorthDoubleLine, which you can use to evaluate the volatility of the etf. Please check RiverNorthDoubleLine's Risk Adjusted Performance of 0.0033, coefficient of variation of 10076.05, and Semi Deviation of 0.5533 to confirm if the risk estimate we provide is consistent with the expected return of 0.0115%. The etf holds a Beta of 0.0126, which implies not very significant fluctuations relative to the market. As returns on the market increase, RiverNorthDoubleLine's returns are expected to increase less than the market. However, during the bear market, the loss of holding RiverNorthDoubleLine is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
RiverNorthDoubleLine Strategic has modest reverse predictability. Overlapping area represents the amount of predictability between RiverNorthDoubleLine time series from 5th of November 2025 to 20th of December 2025 and 20th of December 2025 to 3rd of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RiverNorthDoubleLine price movement. The serial correlation of -0.46 indicates that about 46.0% of current RiverNorthDoubleLine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, RiverNorthDoubleLine Strategic reported net income 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 Net Income 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 Net Income 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 net income as compared to similar ETFs.
RiverNorthDoubleLine Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining RiverNorthDoubleLine's current stock value. Our valuation model uses many indicators to compare RiverNorthDoubleLine value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across RiverNorthDoubleLine competition to find correlations between indicators driving RiverNorthDoubleLine's intrinsic value. More Info.RiverNorthDoubleLine Strategic is rated below average in price to earning as compared to similar ETFs. It is rated below average in beta as compared to similar ETFs totaling about 0.01 of Beta per Price To Earning. The ratio of Price To Earning to Beta for RiverNorthDoubleLine Strategic is roughly 67.89 . Comparative valuation analysis is a catch-all technique that is used if you cannot value RiverNorthDoubleLine by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.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 | 0.58 % | ||||
| One Year Return | 10.86 % | ||||
| Three Year Return | 9.91 % | ||||
| Five Year Return | 3.44 % | ||||
| Last Dividend Paid | 1.77 |
About RiverNorthDoubleLine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RiverNorthDoubleLine Strategic'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 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
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 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.