Rivernorth Specialty Finance Preferred Stock Net Asset
| RMPL-PDelisted Preferred Stock | USD 25.29 0.00 0.00% |
RiverNorth Specialty Finance fundamentals help investors to digest information that contributes to RiverNorth Specialty's financial success or failures. It also enables traders to predict the movement of RiverNorth Preferred Stock. The fundamental analysis module provides a way to measure RiverNorth Specialty's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to RiverNorth Specialty preferred stock.
RiverNorth |
RiverNorth Specialty Finance Company Net Asset Analysis
RiverNorth Specialty's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current RiverNorth Specialty Net Asset | 108.37 M |
Most of RiverNorth Specialty's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, RiverNorth Specialty Finance is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
CompetitionBased on the recorded statements, RiverNorth Specialty Finance has a Net Asset of 108.37 M. This is much higher than that of the sector and significantly higher than that of the Net Asset industry. The net asset for all United States preferred stocks is notably lower than that of the firm.
RiverNorth Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RiverNorth Specialty's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of RiverNorth Specialty could also be used in its relative valuation, which is a method of valuing RiverNorth Specialty by comparing valuation metrics of similar companies.RiverNorth Specialty is currently under evaluation in net asset category among its peers.
RiverNorth Fundamentals
| Shares Owned By Institutions | 29.60 % | ||||
| Number Of Shares Shorted | 2.81 K | ||||
| Short Ratio | 1.00 X | ||||
| Total Asset | 108.37 M | ||||
| Annual Yield | 0.06 % | ||||
| Net Asset | 108.37 M |
About RiverNorth Specialty Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RiverNorth Specialty Finance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RiverNorth Specialty using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RiverNorth Specialty Finance based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 RiverNorth Specialty
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 RiverNorth Specialty 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 RiverNorth Specialty will appreciate offsetting losses from the drop in the long position's value.Moving together with RiverNorth Preferred Stock
Moving against RiverNorth Preferred Stock
The ability to find closely correlated positions to RiverNorth Specialty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RiverNorth Specialty 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 RiverNorth Specialty - 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 RiverNorth Specialty Finance to buy it.
The correlation of RiverNorth Specialty 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 RiverNorth Specialty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RiverNorth Specialty 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 RiverNorth Specialty 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.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in RiverNorth Preferred Stock
If you are still planning to invest in RiverNorth Specialty check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the RiverNorth Specialty's history and understand the potential risks before investing.
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